Chrysler sets aside $811 million to settle emissions case with DOJ

By Joe Williams

Published October 30, 2018 2:56pm ET

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Chrysler sets aside $811 million to settle emissions case with DOJ — In this March 14, 2014 photo, an assembly line worker builds a 2015 Chrysler 200 automobile at the Sterling Heights Assembly Plant in Sterling Heights, Mich. Chrysler Group LLC reports quarterly earnings on Monday, May 12, 2014. | (AP Photo/Paul Sancya)

Fiat Chrysler has set aside $811 million to settle U.S. government accusations that it used illegal technology to circumvent federal emissions laws.

The one-time cost contributed to a double-digit decline in profits in the company’s third quarter as automakers globally struggle with higher raw material expenses and a slowdown in China sales. Net income dropped 38 percent to $641 million, or 41 cents per share.

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