U.S. Weighs Safety-Reporting Penalties Against Fiat Chrysler
December 09 2015 - 5:30PM
Dow Jones News
U.S. regulators are weighing penalties against Fiat Chrysler
Automobiles NV for safety-reporting lapses, said people familiar
with the matter, only months after fining the auto maker for
failures with recalls covering millions of vehicles.
The National Highway Traffic Safety Administration is
considering imposing an approximate $70 million fine and other
measures after the Italian-U.S. car company failed to report death,
injury and other claims to the agency as required under federal
law, one of the people said.
Regulators are aiming to reach a settlement with the company
that imposes penalties before the end of the year, the people said.
Other details of the possible penalties couldn't be learned. A
settlement isn't yet finalized, and the terms could change.
Regulators in July uncovered a discrepancy in Fiat Chrysler's
so-called early warning reporting data. The company later said it
uncovered significant underreporting of deaths, injuries and other
information that must be submitted to regulators under U.S.
law.
The failures resulted from technology issues that kept collected
data from being sent to regulators, one of the people said. There
isn't yet evidence that the data uncovered any significant defects
in Fiat Chrysler vehicles currently on the road.
The early-warning-reporting system requires auto makers to
provide regulators with information each quarter about crashes
resulting in deaths and injuries; claims of property damage; and
consumer complaints to help the government identify possible safety
problems. Honda Motor Co. received a $70 million fine at the end of
last year for failing to submit reports detailing more than 1,700
death and injury claims for 11 years that in part related to
rupture-prone air bags made by Takata Corp.
Write to Mike Spector at mike.spector@wsj.com and Eric Sylvers
at eric.sylvers@wsj.com
(END) Dow Jones Newswires
December 09, 2015 17:15 ET (22:15 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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