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Fiat Chrysler has denied any wrongdoing and previously said there was never an attempt to create software to cheat emissions rules. In October, the company set aside 713 million euros ($815 million) to cover potential costs related to the case. Separately, Robert Bosch GmbH [ROBG.UL], a German auto supplier that made some components for the Fiat Chrysler diesel engines, is expected to announce it will settle suits from U.S. owners for $30 million, one person said. The settlements are set to be announced on Thursday at the Justice Department. Fiat Chrysler, Bosch and the Justice Department declined to comment.
The Environmental Protection Agency issued a media advisory Wednesday that said it would make an “announcement of a significant civil action to address cheating on federal auto-emissions tests.”, The Justice Department sued Fiat Chrysler in May 2017, accusing it of illegally using software that led to excess emissions in 104,000 U.S, diesel vehicles from the 2014-2016 model years, Fiat Chrysler won approval from U.S, regulators in July 2017 to sell diesel vehicles with updated software, The company has repeatedly amazon women's cufflinks said it hoped to use that software to address agencies’ concerns over the 2014-2016 vehicles..
The company is not expected to make any hardware changes to the vehicles and the fix will not impact the vehicle’s fuel economy, two people said. Owners of those vehicles are expected to get an average of $2,800 each for completing the software updates, the sources said. Fiat Chrysler will formally issue an emissions recall for the vehicles, but will not offer to buy back the vehicles, the sources said. The Justice Department in 2017 said Fiat Chrysler used auxiliary emissions controls in diesel vehicles that led to “substantially” higher than allowable levels of nitrogen oxide, or NOx pollution, which is linked to smog formation and respiratory problems.
U.S, and California regulators stepped up scrutiny of diesel vehicles after Volkswagen AG (VOWG_p.DE) admitted amazon women's cufflinks in 2015 to illegally installing software in U.S, vehicles for years to evade emissions standards, VW has agreed to pay more than $25 billion in the United States for claims from owners, environmental regulators, states and dealers, Regulators have also been probing diesel emissions in Daimler AG’s (DAIGn.DE) U.S, Mercedes Benz vehicles, VW also paid $4.3 billion in 2017 in U.S, civil and criminal fines and pleaded guilty to three criminal felony counts to resolve the Justice Department’s investigation..
(This January 4 story has been corrected to remove incorrect reference to the Woolsey fire). By Liana B. Baker, Greg Roumeliotis and Mike Spector. (Reuters) - California utility company PG&E Corp (PCG.N) is exploring filing some or all of its business for bankruptcy protection as it faces billions of dollars in liabilities related to fatal wildfires in 2018 and 2017, people familiar with the matter said on Friday. The company is considering the move as a contingency, in part because it could soon take a significant financial charge for the fourth quarter of 2018 related to liabilities from the blazes, the sources said.
A bankruptcy filing is not certain, the sources said, The company could receive financial help through legislation that would let it pass on to customers costs associated with fire liabilities, the sources said, But that is just a possibility, they said, so bankruptcy preparations are being made, As of Friday, PG&E was shying away from negotiating amazon women's cufflinks so-called debtor-in-possession financing that companies typically line up before a bankruptcy filing to help keep operating while under court protection, one source familiar with the matter said..
A bankruptcy filing is not PG&E’s preference for addressing liabilities from the catastrophic blazes, some of the sources said. But the preparations could put pressure on California politicians hoping the company can avoid such an outcome. PG&E did not immediately respond to a request for comment. PG&E is also exploring selling its gas unit, potentially through a court-supervised auction during bankruptcy proceedings, one of the people said. The sale could also take place outside a bankruptcy process, the same source said. The company is weighing using proceeds from the unit’s sale to address death and injury claims arising from the recent wildfires, this source said.
NPR first reported on the exploration of the gas unit sale earlier on Friday, PG&E, which filed for bankruptcy once before in 2001, said in November it could face “significant liability” in excess of its insurance coverage if its equipment was found to have caused last year’s fires in northern California, The Camp Fire broke out on the morning of Nov, 8 near the mountain community of Paradise, sweeping through the town and killing at least 86 people, in the amazon women's cufflinks deadliest and most destructive wildfire in state history..