FCA to pay more than $700 million to settle U.S. diesel-emissions suits, report says

Fiat Chrysler Automobiles will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on the matter told Reuters.

FCA will pay $311 million in penalties to the Justice Department, at least $75 million to states investigating the excess emissions and additional funds to offset excess emissions. It will also pay $280 million to settle a lawsuit by owners, the sources said.