Fiat Chrysler Automobiles agreed to pay a $70 million fine, accept three years of additional oversight by an independent monitor and buy back more than 500,000 vehicles as part of a consent agreement to settle a U.S. government probe into 23 recalls since 2009.
The $70 million cash fine is part of a potential $105 million civil penalty, the largest ever imposed by the National Highway Traffic Safety Administration, and part of a sweeping settlement to spur an overhaul of the automaker’s safety and recall practices, the U.S. Department of Transportation announced.
Carmakers want to steamline safety regulations between Europe and the US to cut costs on parts and models.
The move is part of talks over transatlantic trade talks going on at the moment and is designed to save hundreds of millions of Euros, Pounds and Dollars in compliance manufacturing.
Lorry and van drivers are five times more likely to get a parking ticket in London than elsewhere in the country, according to a Freight Transport Association survey.
The Association quizzed its members about penalty charge notices and examined data from 85 companies who were issued with a total of 16,043 tickets in London where total fines were almost eight times higher than other areas of the UK.