Just one day after Volkswagen was forced to cough up $4.3 billion in fines for installing software on its vehicles that helped it cheat on emissions tests, the EPA has accused Chrysler Fiat of similar violations.

The EPA says that Chrysler installed software on roughly 104,000 vehicles between 2014 and 2016 aimed at evading EPA testing. Chrysler denies the allegations.

What are the stakes: The magnitude of this alleged crime is smaller than the Volkswagen scandal. VW installed software of 500,000 cars in the United States, five times more than Chrysler-Fiat. At the same time, Chrysler's revenue is half that of VW, while its market capitalization is one-fifth of Volkswagen's so Chrysler would be much less well positioned to withstand the effects of a billion-dollar fine.

It's still not clear whether the EPA sees what Chrysler has done as egregious as the Volkswagen case, but traders aren't taking any chances — the stock has fallen 12% since the EPA's announcement.


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Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 10 p.m. ET: 12,009,301 — Total deaths: 548,799 — Total recoveries — 6,561,969Map.
  2. U.S.: Total confirmed cases as of 10 p.m. ET: 3,053,328 — Total deaths: 132,256 — Total recoveries: 953,420 — Total tested: 37,532,612Map.
  3. Public health: Houston mayor cancels Republican convention over coronavirus concerns Deaths are rising in hotspots — Déjà vu sets in as testing issues rise and PPE dwindles.
  4. Travel: United warns employees it may furlough 45% of U.S. workforce How the pandemic changed mobility habits, by state.
  5. Education: New York City schools will not fully reopen in fallHarvard and MIT sue Trump administration over rule barring foreign students from online classes.
  6. 🎧 Podcast: A misinformation "infodemic" is here.

Transcripts show George Floyd told police "I can't breathe" over 20 times

Photo: Gary Coronado/Los Angeles Times via Getty Images

Newly released transcripts of bodycam footage from the Minneapolis Police Department show that George Floyd told officers he could not breathe more than 20 times in the moments leading up to his death.

Why it matters: Floyd's killing sparked a national wave of Black Lives Matter protests and an ongoing reckoning over systemic racism in the United States. The transcripts "offer one the most thorough and dramatic accounts" before Floyd's death, The New York Times writes.

5 hours ago - Health

Fighting the coronavirus infodemic

Illustration: Sarah Grillo/Axios

An "infodemic" of misinformation and disinformation has helped cripple the response to the novel coronavirus.

Why it matters: High-powered social media accelerates the spread of lies and political polarization that motivates people to believe them. Unless the public health sphere can effectively counter misinformation, not even an effective vaccine may be enough to end the pandemic.