According to the Melbourne, Australia-based Sunday Herald Sun, the legal battle between Jeep’s Australian unit and former executives has ended following a last-minute deal.
FCA Australia had filed a civil lawsuit against former CEO Clyde Campbell, his successor Veronica Johns, and Campbell’s wife Simone. The company said Campbell of spending millions in corporate funds on deals with friends and former colleagues, including a brand ambassador contract with former Miss Universe Australia Jesinta Campbell (in photo below).
The case had been set to open yesterday, but on Sunday, FCA said a settlement had been reached, with no admissions of liability on either side.
Jeep is growing in North America and Europe, but sales in Australia have tanked — dropping to 1,028 Jeep deliveries in August of this year, down 40% from August 2015 and down 71% from August 2014.
FCA Australia had filed a civil lawsuit against former CEO Clyde Campbell, his successor Veronica Johns, and Campbell’s wife Simone. The company said Campbell of spending millions in corporate funds on deals with friends and former colleagues, including a brand ambassador contract with former Miss Universe Australia Jesinta Campbell (in photo below).
The case had been set to open yesterday, but on Sunday, FCA said a settlement had been reached, with no admissions of liability on either side.
Jeep is growing in North America and Europe, but sales in Australia have tanked — dropping to 1,028 Jeep deliveries in August of this year, down 40% from August 2015 and down 71% from August 2014.