Fiat Chrysler Must Buy Back Hundreds of Thousands of Ram Pickups - NBCNews.com
DETROIT — Fiat Chrysler must offer to buy back from customers hundreds of thousands of Ram pickup trucks and other vehicles — the biggest such action in U. S. history — as part of a costly deal with safety regulators to settle legal problems in... In addition, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade them in or be paid by Chrysler to have the vehicles repaired. The Ram pickups, which are the company's top-selling vehicle, have defective steering parts that can cause drivers to lose control. Some previous repairs have been unsuccessful, so Fiat Chrysler agreed to the buy-back, according to the National Highway Traffic Safety Administration (NHTSA). It was not immediately clear how many pickups will be subject to the buy-back offer. Both the Jeep and Ram measures are part of a larger settlement between the government and the automaker over allegations of misconduct in 23 recalls covering more than 11 million vehicles. Besides the civil penalty, which was reported Saturday by The Associated Press, Fiat Chrysler agreed to an independent recall monitor and strict federal. Source: www.nbcnews.com
