Report: Fiat Chrysler Under Investigation for Fraud in Reporting Sales

From Bloomberg

Fiat Chrysler Automobiles NV is under investigation by U.S. authorities over how it reports sales, the company said. 

Fiat Chrysler is cooperating with investigations by the Justice Department and the Securities and Exchange Commission (SEC) into the reporting of vehicle sales to customers in the U.S., the company said in a statement Monday. 

Bloomberg News reported earlier that prosecutors had opened a criminal investigation into potential securities fraud, according to people familiar with the matter. 

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