U.S. regulators began investigating FCA earlier this year after noticing vehicles with its EcoDiesel engine emitted more greenhouse gasses when travelling at high speeds or under long periods of operation than it did in standard emissions tests. The Environmental Protection Agency and the Securities and Exchange Commission are currently investigating FCA over the matter and have filed numerous subpoenas and requests for information with the automaker.
FCA has denied the allegations and continues to work in cooperation with U.S. regulators in the investigation, however in a shareholder statement released this week, it said it could face fines of up to $44,539 for each of the 104,000 vehicles with the engine.
“If we are found to have violated any of the provisions of the Clean Air Act, we could be subject to penalties imposed by the EPA and (California Air Resources Board) as well as other government authorities,” the automaker said in the statement.
The automaker also said that its cooperation with the investigation may allow for U.S. regulators to impose a less strict penalty if it is found guilty.
“EPA employs a civil penalty policy that takes into account cooperation and the degree to which emissions standards are exceeded, which we believe should reduce substantially any penalty the agencies may seek to impose from the statutory maximum,” it said.
FCA declined to comment further on the matter when approached by The Detroit News.