PhotoThe Environmental Protection Agency on Thursday accused Fiat Chrysler of using secret software that allowed illegal excess emissions from at least 104,000 diesel vehicles. The scandal has also led American regulators to test a wide range of vehicles for compliance with federal emissions standards. Stock in Fiat Chrysler tumbled after E.P.A.’s announcement, falling more than 15 percent before heavy volumes forced the New York Stock Exchange to suspend trading. The accusations come at a difficult time for Fiat Chrysler. Until recently, Fiat Chrysler enjoyed rapidly rising sales in the American market, outpacing many of its rivals like Ford and General Motors.

Source: New York Times January 12, 2017 16:35 UTC