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FCA Profits Drop 40 Per Cent

AM800-News-Windsor-Assembly-Plant-1.1998537 AM800-News-Windsor-Assembly-Plant ((Photo courtesy of FCA Canada))

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Chrysler blames charge in diesel probe.

Fiat Chrysler Automobiles is reporting a 40 per cent profit drop in the third quarter.

The Italian-American car company reported a net profit of $641-million, compared with more than $1-billion in the same period last year.

Officials are blaming it on a one-off charge to cover possible payments in a U.S. diesel probe involving SUVs and light-duty pickups.

The U.S. Justice Department sued FCA in May 2017 alleging that so-called "defeat device" software in the vehicles allowed them to emit fewer pollutants in lab tests than during normal driving.