News Details
Fiat shares plunge on 'cheat' allegations
.
On the surface, it doesn't seem related to Formula 1 or Ferrari, but the latter's former parent company, Fiat Chrysler Automobiles, has just been accused by a US regulator of using illegal software to potentially cheat pollution tests. As a result of the allegations, Fiat Chrysler shares quoted in New York and Milan lost over 15% of their value at one point before recovering slightly in the afternoon. But it may not be a Volkswagen crisis all over again for Fiat as CEO and Ferrari President Sergio Marchionne has strongly denied the allegations formulated by the EPA (Environmental Protection Agency). "I'm really pissed off," an angry Marchionne said at a hastily-assembled press...
Full Story »
Full Story »
You May Also Be Interested In...
Renault the latest team to confirm 2017 car launch date
Renault has become the fourth Formula 1 team to confirm its launch plans...
8y ago from GrandPrixTimes.com
Gutierrez finds refuge in Formula E after F1 exit
Esteban Gutierrez will compete in his home Formula E electric race in...
8y ago from GrandPrix247.com
Gutierrez to take on Formula E
Failing to gain a drive in Formula 1 after being let go by Haas, Esteban...
8y ago from PlanetF1.com
Elsewhere On The Network
Popular On MGPToday.com
Honda test rider Takaaki Nakagami to replace Luca...
Honda test rider Takaaki Nakagami has been announced as a replacement for...
5h ago from MotorsportWeek.c...
Pirelli to hold first MotoGP test in Misano with test...
No description available...
1d ago from Motorsport.com
Watch: Motorsport takes a ride in the MotoGP safety car
No description available...
1d ago from Motorsport.com
Why Marc Marquez stressed his Ducati is identical to...
No description available...
5d ago from Motorsport.com
Popular On IndyCarToday.com
Christian Rasmussen "not surprised" to earn...
No description available...
45m ago from Motorsport.com
Video: Harrowing crash takes out Josef Newgarden,...
No description available...
1d ago from Motorsport.com
Kirkwood relieved to be rid of ‘street course...
Until this weekend at World Wide Technology Raceway, all of Kyle...
1d ago from MotorsportWeek.c...
Rasmussen passes most cars in Sunday night’s IndyCar...
Christian Rasmussen put on a show for fans Sunday night, passing more...
1d ago from MotorsportWeek.c...
Popular On TotalWRC.com
Malcolm Wilson appointed as FIA Deputy president for...
No description available...
4d ago from Motorsport.com
FIA approves updated bodywork rules for WRC 2027...
No description available...
1w ago from Motorsport.com
Amid losing streak, Hyundai accepts “consequences”...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Sources: Arsenal contract talks on the verge of...
Arsenal want to build a squad capable of winning the Premier League and...
1h ago from CaughtOffside.com
West Ham hoping to sign Arsenal player this month
West Ham are in the market for a new left-back following the departure of...
1h ago from CaughtOffside.com
'He’s not even been linked' - Pundit urges Arsenal...
Former Premier League striker Troy Deeney has urged Arsenal to consider a...
2h ago from SportsKeeda.com
Exclusive: Arsenal to compete with Chelsea for 60m...
Arsenal want to sign a new winger this summer, and with deals for current...
3h ago from CaughtOffside.com
Comments
Hottest News
Red Bull chief Christian Horner tipped for seismic F1 team...
Red Bull’s team principal Christian Horner has... Read More »
2h ago from GPFans.com
F1: F1 continues in Montreal until 2035
F1 has announced another mega contract extension,... Read More »
55m ago from Pitpass.com
F1 Movie reviews: Drivers CRINGE, Critics BINGE
First thoughts on the new F1 movie have been... Read More »
3h ago from GPFans.com
