FCA is currently under fire for an alleged excess diesel emissions by some of its vehicles. The company revealed that it has “received various inquiries, subpoenas and requests for information from a number of governmental authorities, including the U.S. Department of Justice, the SEC and several states’ attorneys general.”
On January 12, the Justice Department was probing the matter but at the same day FCA’s CEO Sergio Marchionne refuted the claims and called the allegations “unadulterated hogwash,” as reported by Automotive News.
In the company’s annual report, FCA stated that “the resolution of these matters could have a material adverse effect on our financial position, results of operations or cash flows and may adversely affect our reputation with consumers, which may negatively impact demand for our vehicles.”
Back in January, the EPA revealed that the maximum fine could reach up to $4.6 billion.
There is no doubt that the company will be negatively affected as the consequence of this diesel probe on FCA would come as bad news for the next-gen Wrangler which is adopting a diesel powertrain for the first time.