The settlement agreement is still subject to the approval of a U.S. federal court.
FCA US LLC is a wholly-owned subsidiary of Stellantis N.V. (NYSE: MTA) (Euronext Paris: STLA).
DOJ criminal investigation led to convictions of 15 people
Last month, U.S. Attorney Matthew Schneider announced a separate civil settlement with the UAW. The union agreed to pay $1.5 million to the Internal Revenue Service (IRS) and to conduct a member wide vote to reform its voting process. The union also repaid around $15 million to training centers for improper chargebacks discovered by officials.
The Justice Departments’ criminal investigation resulted in convictions of 15 people including former UAW Presidents Dennis Williams, Gary Jones, and former UAW Vice President Joe Ashton.
The former Fiat Chrysler executives convicted for colluding with the former UAW officials include Jerome Durden, Alphons Iacobelli, and Michael Brown.
Those involved in the corruption obtained prison sentences ranging from 60 days to 61/2 years. Several defendants in the case are still awaiting sentencing.
