Fiat Chrysler announces buyback program details - Detroit Free Press
Fiat Chrysler Automobiles on Monday announced the details of a buyback program that was imposed on the automaker after a federal investigation into a track record of poor recall completion rates that led to an unprecedented $105 million in... The buyback program involves three of 23 Fiat Chrysler recall campaigns investigated by the National Highway Traffic Safety Administration. Those incentives are on top of a trade-in value that will be calculated based on "good" market value plus 10% for nearly 200,000 Ram pickups and Dodge SUVs that qualify for the program. The automaker said Monday that owners of Ram trucks and Dodge SUVs that are eligible for the buyback program also will be eligible for incentives of $1,000 to $2,000 if they buy a Chrysler, Jeep, Dodge or Fiat vehicle. "We are servicing vehicles, and we encourage affected customers to contact their dealers,” Scott Kunselman, senior vice president of vehicle safety and regulatory compliance said in a statement. The NHTSA cracked down on the automaker after it discovered recalls were talking longer than they should because of inadequate communication with dealers and customers and the time it took to get the parts necessary to dealers to repair vehicles. Source: www.freep.com
