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Statement in Response to Department of Justice Investigation

STLA, V.FCA.UN

PR Newswire

AUBURN HILLS, Mich., July 26, 2017 /PRNewswire/ -- "FCA US and the UAW were the victims of malfeasance by certain of their respective employees that held roles at the National Training Center (NTC), an independent legal entity. These egregious acts were neither known to nor sanctioned by FCA US. Upon learning of possible malfeasance in June 2015, the Company investigated the matter and, as a result, Mr. Iacobelli and Mr. Durden were promptly separated from the Company upon FCA US obtaining credible evidence of wrongdoing. The Company has also worked with the UAW to implement governance, auditing and structural reforms to improve the accountability and transparency of the NTC.

"FCA US has cooperated fully with the U.S. Attorney's office in its investigation of this matter. We remain committed to ensuring that the Company and its employees act in a manner consistent with high standards of legal compliance, ethics, integrity and quality.
 
"The Company intends to pursue all potential legal remedies against Mr. Iacobelli and any other culpable parties.  As the U.S. Attorney's investigation is ongoing, the Company cannot comment further."

For more information, please visit the FCA US LLC media site at http://media.fcanorthamerica.com.

View original content:http://www.prnewswire.com/news-releases/statement-in-response-to-department-of-justice-investigation-300494808.html

SOURCE FCA US LLC