+ Publier publicitaire GRATUIT !
Stay Home! Stay Safe!

Fiat Chrysler to pay $40 million fine for inflating sales numbers

30 Septembre 2019 - Autoblog

Fiat Chrysler to pay $40 million fine for inflating sales numbers

SEC says FCA paid dealers to fake sales data over a five-year period

Fiat Chrysler is paying $40 million to settle with U.S. securities regulators who say the automaker misled investors by overstating its monthly sales numbers over a five-year period.

The Italian-American company inflated sales by paying dealers to report fake numbers from 2012 to 2016, the U.S. Securities and Exchange Commission alleged in a complaint.

Fiat Chrysler agreed to pay the civil penalty and to stop violating anti-fraud, reporting and internal accounting control regulations, the SEC said Friday in a statement. The automaker did not admit or deny the agency's allegations, the statement said.

"This case underscores the need for companies to truthfully disclose their key performance indicators," Antonia Chion, associate director in the SEC's Enforcement Division, said in the statement. She noted that the new vehicle sales figures give investors insight into the demand for an automaker's products, a key to assessing the company's performance.

Fiat Chrysler said it has reviewed and refined its sales reporting procedures. It said the payment will not have a large impact on its financial statements.

The agency said the automaker boasted about a streak of year-over-year sales increases into 2016, when the streak actually was broken in September of 2013.

When the company disclosed the sales scheme in 2016, it said that it had a "reserve" stock of cars that had been shipped to big fleet buyers such as rental car companies but not recorded as sales.

The SEC said employees called this database of actual but unreported sales the "cookie jar." The company dipped into those sales to stop the streak from ending, or when it would have missed other sales targets.

Fiat Chrysler said it now records sales as soon as vehicles are shipped to customers. It has also take steps to ensure that a sale is immediately subtracted from its books when it finds out the deal was scuttled because the buyer backed out or couldn't get financing.

The SEC probe is another in a long string of legal troubles for Fiat Chrysler. It also faces federal investigations into illegal payments to union officials through a training center, and a criminal probe into allegations that its diesel-powered trucks were programmed to cheat on emissions tests. The company has denied cheating, but federal prosecutors charged an engineer earlier this week and said he conspired with others.

In June, Fiat Chrysler's U.S. sales chief sued the company alleging that it withheld 90% of his pay package because he testified in the SEC's inquiry into its sales reporting.

Reid Bigland alleged that Fiat Chrysler violated Michigan's Whistleblower Protection Act, retaliating against him because of his testimony.

Bigland, who is still with the company, alleged in his lawsuit said that he inherited the sales reporting system when he took over the top sales job in 2011. When a dealer sued the company over the reporting system in 2016, Fiat Chrysler reported problems to the SEC, according to the documents.

The company, in its motion to transfer the case to federal courts, tried to cast doubt on Bigland's whistleblower claims. It said Bigland acknowledges that Fiat Chrysler reported the problems itself and that he didn't testify voluntarily before the commission.

Nouvelles par Tags

2011 models2012 models3-d printing3D printing458 italia6-series coupeA1A2ABC Automobileabc motorsabu dhabiaccidentaccidentsaccordACIMacuraAcura NSXadidasADSUadvertisingafricaagalegaAIair pollutionairbagairbagsairbusairportAlan GanooAlbionalcotestalfaalfa romeoalgeriaalibabaAllemangeAllied MotorsAlmaalpineAlpine A110Amauryamazonamendesamphibiousandroidandroid autoAnil BachooAnse-la-Raieappappleappointmentsappsapriliaarabiaargentinaarielarnold schwarzeneggerarsenalArtashok leylandasiaastonaston martinAston Martin VantageAston Martin ZagatoauctionaudiAudi E-TronAudi Q3Audi Q7Audi Q8Audi R8Audi RS7auditaudit reportaustraliaAustralian Grand Prixaustriaautoauto industryauto shanghaiauto showauto-écoleautonomous carautonomus carAutopilotautopont de Decaenautopont Decaenautoroute M1aventadorawardsAxessBABagatellebahrain grand prixBAIBaiduBaie-du-CapBaie-du-TombeaubajabajajBalaclavaBambousBangkok International Motor ShowBangkok Motor ShowBangladeshBarklyBatimaraisbatmobilebatterybattlebeachbeachesBeau-BassinBeau-ChampBeau-VallonBeaux SongesBeaux-SongesbeetleBeijing Auto ShowBeijing Motor ShowBel-AirBel-Air-Rivière-SècheBel-EtangBel-Ombrebelgian grand prixBelgiumBell VillageBell-VillageBelle-MareBelle-RiveBelle-RoseBelvédèreBenellibentleyBentley BentaygaBentley Continentalbernie ecclestonebetamaxbetamax casebicyclebicyclesbikebikesbiodieselbitcoinBlackBerryBlue-BaybmwBMW 3 SeriesBMW 4 SeriesBMW 8 seriesBMW i4BMW i8BMW ix3BMW M2BMW M3BMW M4bmw m5BMW R18BMW X2bmw x3BMW X4BMW X5BMW x6BMW x7BMW z4boatboatsboeingBogota Auto ShowBois-MarchandBois-Marchand accidentBois-PignoletBois-RougeBologna Motor ShowBon-Accueilbondboschboston dynamicsBPObrabusbrakesBramsthanbrazilbrexitbribebribesbridgebridgestonebrioBrisée-VerdièreBritish Grand PrixBruniquel bridgebudgetbugattiBugatti ChironBugatti La Voiture Noirebugatti veyronbuggybuickburnoutbusbusesbuyingbydcabriocadillaccalebassescamaroCamp ChapelonCamp-ChapelonCamp-de-MasqueCamp-DiableCamp-LevieuxCanadacanadian grand prixCandosCanotCap-Malheureuxcaporal Chooluncarcar buying tipscar dealercar dealerscar firecar importcar industrycar loancar marketCar Of The Yearcar rentcar rentalcar salecar salescar servicecar sharingcar showcar theftcar washcar washingCar Wrappingcarbon fibercarburantsCarlos GhosnCarPlaycarscartingcascavelleCaudanCCIDCCTVCEBcelebretiescelebritiescentre de fitnessCentres De Fitnesscertificat de fitnesscertificats de fitnessCESCFMotoChamarelChamp de MarsChamp-de-MarsChebelChemin-GrenierChengdu Motor ShowcherychevroletChevrolet CamaroChevrolet ColoradoChevrolet CorvetteChicago Auto ShowchinaCHINESE GRAND PRIXChris EvanschryslerCité VallijeecitroenCitroen Berlingocitroen c3Citroen C4Citroen C5civicclassicclassic carclassic carsclassicsClémenciacode de la routecollectioncommercialcomparisoncompensationconceptconceptsConfinementConstanceconsumer reportsContract buscontraventionsconvertiblecoromandelCoronaviruscorruptioncorvetteCottagecour suprêmeCourtCourtscouvre-feuCOVID-19CPBcr-vcrashcrash testcrash testsCristiano Ronaldocroatiacrossovercrowdfundingcruise shipCubaCupraCurepipecurfewcustom bikecustom carcustomsCUVCWACyberciteCybertruckcycloneD’Epinaydaciadaihatsudaimlerdakardakar rallydartzdash camdashcamdatsunde tomasodealersdéconfinementdecongestion routiereDelhi Auto ExpodeloreandesignDetroitDetroit Auto Showdéviationdéviationsdéviations routièresdieseldiesel bandiesel scandaldieselgateDimple RaghooDIVADIYDLCdodgedodge demonDonald TrumpDPPdragdrag battledrag racedrag racingdriftdriftingdriver licensedriverless cardrivers licensedrivingdriving licensedriving schooldriving schoolsdriving testdriving tipsdronedronesdrug racedrugsdrunk drivingdsDubaiDubai Motor ShowducatiDucati ScramblerDysonearthquakeEbayebeneEbène Car ParkecoecologyeconomyÉcroignardEducationEgyptEICMAelecticelectionselectricelectric scooterelon muskemissionsEmmanuel Macronengen motor showengineenginesEOCescroquerieethanoletios livaEUEuropeeveventsexamexamens de conduiteexamsexcès de vitesseexpofacebookfailfakefake policeFast & FuriousFast And Furiousfaux coupons de parkingfaux permisfaux permis de conduirefbiFCAfeeder busfeeder busesfermetureFernando Alonsoferrariferrari 812ferrari f40Ferrari Portofinoferrari romaferryFHTAFIAfiatfiestafilmsfinancesfinefinesfinlandFireFirefightersfishersfishingfiskerfitness centerFitness certificateFlacqFlic-en-FlacfloodFloodsFlorealflying carflying taxiFond du SacFond-du-SacFootballForbachForbach accidentforce indiafordFord BroncoFord F-150ford fiestaford focusFord GTFord mustangFord Mustang Mach-EFord RangerFord Transitforest-sideformula Eformula1forza motorsportFrancefrankfurtfrankfurt motor showfraudFSCfuelfuel economy scandalfuel pricefuel stationfuel stationsfunnyfutureGaikindo Indonesia International Auto ShowGaikindo Indonesia International Motor Showgamesgare de Rose-HillGare du Nordgare VictoriagasgeargeelygenesisGeneva Auto Showgeneva motor showgerman grand prixGermanygirlsgmgodzillagolfgolf carGoodlandsgoodwoodGoodwood Festival of Speedgooglegoogle glassgoogle mapsGoProgovernmentgpsgran turismogrand baiegrand tourgrand-baieGrand-BassinGrand-BoisGrand-GaubeGrande-RivièreGrande-Rivière-Nord-Ouestgreat wallgreecegreengreen energygrnoGros-BoisGros-CaillouxGRSE accidentGTAGymkhanahackershakershamannharley davidsonharley-davidsonHatchbackhealthcarehellcatHennesseyHenriettaHermitageherohertzhighlandshistoryhit and runhitachiholdenHollandHollywoodhondaHonda AccordHonda BrioHonda Cityhonda civicHonda Civic type rhonda cr-vHonda Ehonda fitHonda Gold WingHonda HR-Vhonda jazzhonda monkeyHonda N-BoxHonda PassportHonda s2000Honda s660Honda VezelHong Konghorse racinghorsepower falsifyingHospitalhospitalshot rodhot wheelshotelhotelshoverbikehoverboardhow toHSCHuayrahummerHummer H1Hummer H2humorhungarian grand prixhurricaneHusqvarnahybridhydrogenhypercarhypercarshyundaiHyundai BayonHyundai CretaHyundai ElantraHyundai i20Hyundai i20 Nhyundai ioniqHyundai Ioniq 5Hyundai KonaHyundai Santa Cruzhyundai Santa Fehyundai sonataHyundai TucsonHyundai VelosterHyundai Venuei3i40ICACiframacIIHSillegal fishingillegal racesillegal racingillegal rallyillegal taxiillegal transportIMCimportindiaIndia Auto ExpoIndian Motorcycleindian motorcyclesIndian OilindicaIndonesiaIndonesia International Motor Showindonesia motor showinfinitiInfinityinfotainmentinfrastructureinsuranceInsurance Industry Compensation FundintelinteriorinteriorsiPadiphoneiranirelandIRPisraelisuzuIsuzu D-maxIsuzu MU-Xitaliaitalian grand prixItalyjaguarJaguar Land Roverjamesjames bondJames MayJan Palach stationjapanjapaneese carsjapanese carjapanese carsJapanese Grand PrixJawajazzJDMjeepJeep CherokeeJeep CompassJeep GladiatorJeep Grand CherokeeJeep Grand WagoneerJeep Renegadejeep wranglerJeremy ClarksonjettaJin FeijobjobsJohn Deerejustin bieberkartkawasakiKawasaki Ninjakei carken blockKenyakhankiaKia CeedKia EV6Kia ForteKia NiroKia Optimakia picantoKia SorentoKia SportageKia Stingerkia TellurideKoenigseggkoreaKoshik ReesaulKTMKTM 1290 Super Duke RRKTM DukeKymcoL’AmitiéL’AventureL’EscalierLALA Auto ShowLa Brasseriela butteLa CaverneLa ChaumièreLa FloraLa GauletteLa MarieLa PrairieLa Tour KoenigLa VigieladaLallmatielamborghiniLamborghini Aventadorlamborghini diablolamborghini gallardolamborghini huracanLamborghini SiánLamborghini UruslanciaLancia Stratoslandland cruiserland roverLand Rover DefenderLand Rover DiscoveryLarsen & ToubroLaventurelawlawslazarethLDALe HochetLe MornelealleasingLebanonLeevy Frivetlegolewis hamiltonlexusLexus ISLexus NXlicenselicense platelight metrolimousinelincolnlink roadLionel MessiLockdownlondonLos Angeles Auto Showlotuslow cost carLRTluxuryluxury carluxury carsM1m2m3macondemad maxMadagascarmaha shivaratreeMahebourgmahindramaintenancemalaysiamanManhartmansorymanual transmissionmanufacturingMapoumapsMarcelin HumbertMare d’AlbertMare-aux-VacoasMare-d’Albertmarketmarketingmartinmarutimaruti suzukiMaruti SwiftMaruti Wagon RmaseratiMatt LeBlancMauricioMauritiansmauritiusMauritius Trochetiamaybachmazdamazda 3Mazda 6Mazda BT-50Mazda CX-30Mazda MiataMazda Mx-30Mazda Mx-5Mazda RX-7mazda3McLarenMcLaren 720smecedesMELmercedesMercedes AMGMercedes E63Mercedes G-ClassMercedes G63Mercedes GLEMercedes S-ClassMercedes X-classMercedes-MaybachMESmetroMetro Expressmexican grand prixmexicoMGmichael schumachermichelinMicrosoftMidlandsminimini cooperminivanMission ImpossibleMITDmitsubishiMitsubishi DelicaMitsubishi EclipseMitsubishi EvolutionMitsubishi L200mitsubishi lancerMitsubishi MirageMitsubishi OutlanderMitsubishi PajeroMitsubishi TritonMitsubishi XpandermitsubushimitsuokaMMMmobylettesMokamonacomonaco grand prixMont-ChoisyMont-RochesMontagne-BlancheMontagne-LongueMontagne-OrymontebelloMontebello accidentMontée Smontereymoose testmoparMorcellement St AndrémorganMorneMoroccomotoMoto Guzzimoto theftmoto-écoleMotoClub Racing TeammotorMotor Racing Clubmotor showMotor Vehicle LicenceMotor vehicle test centremotorcyclemotorcyclesmotorsportmotorsportsmotosportmoviemoviesMPAmpvMRAMRCMTmugenmuscle carMusicmustangmv agustamv augustaMV TrochetiaMVDAMVLNADA Auto ShowNandanee SoornackNando BodhananonasanascarNational Coast Guardnavigationnavigation systemnavigation systemsNavin RamgoolamNCAPnceNCGNDUNepalnetherlandsnew carnew york auto shownew zealandnfsNHTSANigerianikolanissanissanNissan 370ZNissan 400Znissan altimaNissan AriyaNissan FrontierNissan GT-RNissan GT-R50Nissan JukeNissan KicksNissan LeafNissan Leaf NismoNissan MaximaNissan MicraNissan navaraNissan NoteNissan NV300Nissan PathfinderNissan PatrolNissan QashqaiNissan RogueNissan SentraNissan SkylineNissan TerraNissan TitanNissan X-trailNissan ZNissan Z ProtonorwayNouvelle-FranceNTANTCNTLANürburgringoff-roadoffroadoil spillOld Moka RoadOlympic GamesOnline Renewal of Motor Vehicle LicenceopelOpel Corsapaganipagani huayraPagani ZondaPaillesPaillotePakistanPalmarPamplemoussespanasonicpapamobileParisparis motor showparkingparliamentPebble Beachpenaltiespenaltypenalty pointsPereyberepermis de conduireperoduapetit raffrayPetit-RaffrayPetite-RivièrepetrolPetrol Retailers AssociationpeugeotPeugeot 2008peugeot 205Peugeot 208Peugeot 3008Peugeot 308Peugeot 5008peugeot 508PhilippinesPhoenixPhœnix.pickuppickupspininfarinapirelliPitonPlace D’ArmesPlace de l’ImmigrationPlaine MagnienPlaine VertePlaine-des-PapayesPlaine-des-RochesPlaine-LauzunPlaine-MagnienPlaine-VerteplayboyPNQPointe d’EsnyPointe-aux-PimentsPointe-aux-SablespolandpolarispolcepolestarpolicePolice de l’EnvironnementpoliticspollutionpompiersPomponettepontPont ColvillePont-BlancPont-FerpontiacpopemobilePor Louisporscheporsche 911Porsche BoxsterPorsche CayennePorsche MacanPorsche Taycanporsche vs mclarenporsheportPort LouisPort-LouisPoste-de-FlacqPoste-LafayettePoudre d’OrPoudre-d’Or-HamletPPCPPPprankPravind JugnauthpricepricespriusproguardprotestsprotonPSApublic transportpublict transportQ3qorosQuartier MilitaireQuartier-MilitaireQuatre Bornesquatre-bornesr8RaceracingrainrallyrallyeRallye Eiffelrallye illégalrallye motoramrangerange roverratingsRDArecallrecallsrecordrecordsred bullred bull car park driftRed CrossreduitregistrationrenaultRenault CapturRenault ClioRenault Kwidrenault meganeRenault TwingoRenault TwizyrenderingRenewal of Motor Vehicle Licencerent a carrepairreplicarestorationretroReunionRezvaniRHTRiambelRichard DuvalRichard HammondRiche TerreRiche-MareRiche-TerreRichelieurickshawrimacRimac C_TwoRing RoadrioRipaillesRivière du RempartRiviere-des-AnguillesRivière-du-PosteRiviere-du-RempartRiviere-NoireRiyad Owarishroadroad accidentroad accidentsroad closedroad closureroad rules & regualtionsroad rules & regulationsroad safetyRoad TaxRoad Traffic (Amendment) BillRoad Traffic ActRoad Traffic Amendment ActRoad Traffic Amendment BillRoad Traffic Billroadsroads accidentsroads safetyrobberyrobotrobotsroche-boisRoche-TerreRoches-BrunesRoches-NoiresRodrigo DuterteRodriguesrolls-roycerolls-royce cullinanromeorond-point de Beau-BassinRose BelleRose Hillrose-belleRose-HillRoshi BhadainroverRoyal EinfieldRoyal EnfieldRoyal Enfield Continental GTRoyal Enfield HimalayanRRSRSURuben RacingRue Jemmapesrue VandermeerschrumoursRussiaRussian Grand PrixrvsaabSafe Citysafetysafety ratingsafety ratingssafety testsafety testsSaint-Pierresainte croixSainte-Croixsalesamsungsamusao paulo auto showSao Paulo Motor Showsaudisaudi arabiaSCscamscandalscaniaschool busschool vanscooterscootersseatSeat Leonsebastian vettelSebastopolsecond hand carsecond hand carssecond hand cars importsécurité routièreself driving carself-drivingself-driving carself-driving carsSEMASEMA showSeoul Motor Showservice stationservice stationsShanghaishanghai motor showShehzad SooraballyshelbyShellshowsingaporeSingapore Grand Prixsir GaëtanskodaSlovakiasmartSMFsnakeSobrinho caseSodnacsoftwareSohail Sesungkursolar energySolidarity GrantSolitudesonysorezesoreze accidentSouillacsoulsound systemssouthsouth africasouth koreaSpace XspaceXspainSpanish Grand Prixspare partsspeed cameraspeed camerasspeed limitspeedboatspeedingsportSportscarspy shotssri lankassang yongSsangYongSSCSSC TuatarassuSt-HubertSt-JeanSt-Jean roadSt-JulienSt-LouisSt-Paulst-pierreStanleystar warsstartupstation-servicestations-servicestatisticsSTCste croixSte-CroixStellantisstreet racingstrikeStudentsstudysubaruSubaru BRZSubaru ImprezaSudhir SesungkursudySunshine AutosupecarssupercarssuperyachtsuprcarssurfboardsurveySUVsuzukiSuzuki BurgmanSuzuki ErtigaSuzuki HayabusaSuzuki IgnisSuzuki IntruderSuzuki JimnySuzuki S-CrossSuzuki SwiftSuzuki Swift Sportsuzuki vitaraSuzuki Wagon RSuzuki XbeeSwedenswiftSwitzerlandTATaiwantakatatamarintankTanzaniaTarisa Resorttatatata motorstaxtax fraudtaxestaxiTBStechnlogytechnolgytechnologytenderTerre RougeTerre-RougeTerre-Rouge–Verdunteslatesla model 3tesla model stest drivetestsThai Motor ExpoThai Motor ShowthailandThailand International Motor ExpoThe Grand TourThe ValetheftThierry Henryticket pricetipstiresTMRSUtokyoTokyo Auto Salontokyo motor showtoptop geartotalTotal Mauritiustourismtourism authoritytoyotaToyota 86Toyota AlphardToyota AvalonToyota Aygotoyota C-HRtoyota camryToyota CenturyToyota CH-Rtoyota corollaToyota FortunerToyota GR YarisToyota HiaceToyota HighlanderToyota HiluxToyota Land CruiserToyota MiraiToyota PriusToyota ProAceToyota RAV4Toyota RushToyota Siennatoyota supraToyota TacomaToyota TJ CruiserToyota TundraToyota Venzatoyota yaristoystoytatractortrafficTraffic Branchtraffic jamtrailerTranquebartransformersTransinvesttransporttransport policeTravaux routierstrendsTrianontricksTriolettriumphTrois-Boutiquestrou aux bichesTrou d’Eau DouceTrou-aux-BichesTrou-d'Eau-DouceTrou-d’Eau-DouceTrou-Fanfarontrucktruckstsunamitug of wartuningtuniningTurfTurkeytvsTyacktyresUAEuberUBIWUBSukukraineunionsUnited StatesuomuralUrban TerminalUSUSAused carused car importused carsvacanciesvaccinationVacoasVacoas-PhoenixvalettaVallée des PrêtresVallée-des-PrêtresVallee-PitotValtonvanvarma caseVeer Luchoomunvehicle inspectionVehiclesvelostervenezuelaVenusVerdunVictoria Bus StationVictoria stationVictoria Urban TerminalvideoVienna Auto ShowvietnamVintagevintage carvintage carsVipervivo energyVivo Energy MauritiusVoitures électriquesvoitures reconditionnéesvolvolkswagenVolkswagen AmarokVolkswagen BeetleVolkswagen GolfVolkswagen ID.3Volkswagen ID.4Volkswagen PoloVolkswagen Tiguanvolvovwvw beetleVW Buggyvw golfVW ID.3VW JettaVW passatvw polovw t-crossWakashioWAPwaymoWeatherwheelsWolmarWootonWork Access PermitWorldXiaomiyachtyachtsyamahaYamaha MT-07yariszagatoZeekr
Vendez Votre Auto