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theksmith

Chrysler record fine & new buy-back program for some Jeep & Dodge rigs

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Fiat Chrysler will buy back from customers more than 500,000 Ram pickup trucks in the biggest such action in U.S. history as part of a costly deal with U.S. safety regulators to settle legal problems in about two-dozen recalls.

 

The trucks, which are the company's top-selling vehicle, have defective steering parts that can cause drivers to lose control, and some previous repairs have been unsuccessful.

 

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Also, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade in their vehicles for more than market value or be paid to get them repaired, the agency said in a statement.

 

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Both the Jeep and Ram measures are part of a larger settlement between the government and the automaker that includes a record $105 million fine and the appointment of an independent recall monitor.

 

source: http://mashable.com/2015/07/26/fiat-chrysler-to-buy-back/

 

see also: http://www.freep.com/story/money/2015/07/26/fiat-chrysler-nhtsa-fine-recalls/30693265/

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