Fiat Chrysler accepts $144m penalty, agrees to vehicle buy-backs over previous - Toxcy
Fiat Chrysler has also agreed to allow an independent monitor to audit the company’s recall performance for three years and to undertake specific actions to improve its recall execution. The recall covers more that one million Jeeps that have a potential to burst into flames with the fuel tank being exposed behind the rear axle as well as over 500,000 Ram Trucks and SUVs that have steering defects that may cause steering loss and... The investigation that led to this decision was sparked up by the automaker’s recall of 11 million units that includes older Jeep models after it was found out that the gas tanks in the rear of the vehicles were responsible for fires and engine... NHTSA administrator Mark Rosekind said in a separate statement that Fiat Chrysler had admitted violations, particularly in “effective and timely recall remedies, notification to vehicle owners and dealers and notifications to NHTSA”. According to Kelly Blue Book, a 2010 Dodge Ram 1500 – one of the smaller, less-expensive trucks involved in the recalls – could fetch $20,000 in a. Source: toxcy.com
