Fiat Chrysler Automobiles is set to pay a $9.5 million civil penalty related to allegations that it misled investors about its diesel emissions scandal, according to the U.S. Securities and Exchange Commission.
The settlement, announced Monday, is just one piece in FCA’s diesel case, which, like Volkswagen’s Dieselgate, focused on claims the company installed so-called defeat devices to cheat emissions testing.
Defeat devices would let a vehicle perform differently during testing than on the road, leading to excessive pollution. In addition to FCA and VW, numerous auto companies and the auto supplier Bosch have been accused of or agreed to settle claims of diesel emissions cheating.
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The FCA case involved