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Fiat Chrysler to pay $9.5 million penalty to settle SEC probe

The U.S. securities regulator alleged the automaker misled investors by not disclosing that it conducted only a limited internal review of its compliance with emissions regulations. FCA did not admit or deny wrongdoing to resolve the investigation.
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Cleveland-Cliffs, in bid to boost auto steel business, to buy ArcelorMittal USA for $1.4 billion

The deal comes as U.S. steel prices recover, driven by tightening supply after lockdowns hurt demand. The assets being acquired include six steelmaking facilities, three coal and coke-making operations and several other facilities.
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