Fiat Chrysler to pay $40 million over inflated U.S. sales figures, SEC says

Fiat Chrysler to pay $40 million over inflated U.S. sales figures, SEC says https://ift.tt/2nc3RiW

The U.S. Securities and Exchange Commission said that between 2012 and 2016 Fiat Chrysler's U.S. unit issued monthly press releases falsely reporting new vehicle sales and falsely touting a "streak" of uninterrupted monthly year-over-year sales growth, when the growth streak ended in September 2013.