FCA reduces number of vehicles for buyback - The Detroit News
Washington — Fiat Chrysler Automobiles NV said Thursday it was reducing its estimate of the number of vehicles eligible for a buyback under a government settlement by about 10 percent to 175,000 — and was taking an initial charge of $88. 3... The Italian American automaker had said earlier this week that it had repaired 67 percent of about 578,000 eligible mostly trucks for a buyback in three recall campaigns — meaning about 193,000 could be bought back. Owners will get buyback offers within 60 days and an independent monitor will ensure that owners get fair offers. As part of the $105 million settlement covering 11 million vehicles in 23 recalls that will last at least three years, Fiat Chrysler can use $20 million toward the costs of buying back vehicles and offering incentives to some Jeep owners to get... Fiat Chrysler says 57,000 2009-2011 Ram 1500 and Dakota pickups and 2009 Aspen and Durango SUVs are eligible, as are 94,000 2008-2012 heavy duty Ram pickups and 24,000 2008-2012 Ram Chassis Cab trucks. The National Highway Traffic Safety Administration said the buybacks were needed because of a lack of replacement parts — and owners complaining that they couldn’t get repairs for 15 months or more. Source: www.detroitnews.com
