Shares of Fiat Chrysler fell 5.1 percent Monday following reports from a German newspaper that the automaker could be banned from selling cars in Germany if evidence of disregarding emissions rules is found.
The German Federal Motor Transport Authority found that the carmaker may have manipulated emissions controls in some Fiat models, German newspaper Bild am Sonntag reported in its Sunday edition. Bild also reported that the KBA could threaten the company with a sales ban if the company disregarded emissions rules.
Fiat Chrysler declined to comment on the report.
Rival automaker Volkswagen admitted to using a device to cheat on emissions test in the U.S., sending the stock price down more than 17 percent since the scandal broke in September. CEO Martin Winterkorn stepped down as the company faced global investigations, as well as probes from the FTC and Justice Department.