Fiat Chrysler Dealers Subpoenas issued related to sales probe.
Some of Fiat Chrysler Automobiles' U.S. dealers are getting subpoenas from the federal government related to an investigation into how the automaker reports monthly sales, the Detroit Free Press has learned. Thedocument requests that come with the subpoenas are extensive and cover several years. "I have some clients that have received them," said Leonard Bellavia, senior partner with Bellavia, Blatt and Crossett in New York — a firm that specializes in representing auto dealers. "The document requests that they have received will keep them busy for months. It's unnecessary."
Earlier this week, FCA acknowledged that it discoverd 4,500 vehicles that dealers reported as sold even though they were only temporarily sold to subsidiaries or rental companies and then were later "unwound. The automaker did point out the 4,500 units represent just 0.06% of the 7.7 million vehicles that it has sold since 2011.
Stay tuned, more to come.