Obtain the 2019 annual report of FCA Group (archived at www.stellantis.com), which manufactures Fiat-brand automobiles as well as other products.

Required:
Find FCA’s discussion of “Basis of Consolidation” in the “Significant Accounting Policies” note that follows the financial statements. Is FCA accounting for its equity investments in a way that is consistent with U.S. GAAP in effect in 2019? Explain.