The share price of Fiat Chrysler fell 18% amid reports of the Agency for environmental protection, States that Fiat violated the law – in particular, the software was installed, which lowers rates of harmful emissions into the atmosphere in the car Ram 1500 and Jeep Grand Cherokee, according to Bloomberg.
This was the largest drop in the value of the shares of the car manufacturer since October 2014, the newspaper notes.
Previously, the Agency for environmental protection, the United States sent notice of the Fiat Chrysler that the company had violated the clean air act. It was about the cars of the 2014-2016 model years, equipped with a diesel engine. No charges, but the Agency noted that they continue to explore the software Fiat.
In a statement, the company noted that diesel cars comply with all necessary requirements. Fiat has expressed its willingness to work with the Agency for the protection of the environment.
In may 2016 the German transport Ministry said the excess level of carbon dioxide emissions in cars Fiat. It was noted that these vehicles were installed the same software, and Volkswagen. This led to a drop in share prices 5%.