Fiat Chrysler Sales Reporting Said to Be under Government Investigation
This past January, Fiat Chrysler Automobiles (FCA) was enjoying its 69th month of year-over-year sales gains?although now there’s some doubt over this claim. A lawsuit filed that same month claims Fiat Chrysler was engaging in shady practices to inflate its sales, and now, it looks as if there very well could be multiple U.S. government investigations related to the suit.The U.S. Justice Department is in the early stages of investigating FCA for fraud, according to two anonymous sources who spoke to Bloomberg. It’s believed that the investigation is related to a  a lawsuit filed in January in which two Chicago-area dealers alleged that FCA offered dealers money to falsely mark unsold cars as being sold. Automotive News also reports that the FBI and the Securities and Exchange Commission (SEC) are investigating FCA over claims in the lawsuit. The lawsuit alleges that FCA paid dealers to report false sales on the last day of each month and then “back out” of them the following day, according to an Automotive News report. At the time, FCA dismissed these claims as being “without merit,” although it has since added a lengthy disclaimer to its monthly sales report. The company has said the new disclaimer is unrelated to the lawsuit.
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