FCA Bank to Challenge Italian Competition Watchdog Decision
12 January 2019 - 12:00AM
Dow Jones News
By Alberto Delclaux
FCA Bank SpA said Friday that it will challenge the decision by
Italy's competition watchdog to fine it over an alleged violation
of competition rules in connection with a car-financing cartel.
FCA, which is a joint venture between Credit Agricole SA
(ACA.FR) and Fiat Chrysler Automobiles NV (FCA.MI), was fined 178.9
million euros ($206.3 million) by the competition authority for
participating in a cartel that ran between 2003 and 2017.
"FCA Bank believes that the charges brought against it in the
decision have no merit and will challenge the decision before the
competent administrative court," it said in a statement.
Write to Alberto Delclaux at alberto.delclaux@dowjones.com
(END) Dow Jones Newswires
January 11, 2019 07:45 ET (12:45 GMT)
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