Gov't: Chrysler must offer to buy back Ram pickups, Jeeps - Dispatch Times
“This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture”. We don’t know much yet about how this is going to work, said Sterling Heights Chrysler Dodge Jeep Ram Dealership General Manager Russell Maisano. A vehicle buyback occurs when a problem with the automobile is too serious to be remedied through the recall process , and the vehicles must be removed from the roads. In each case, Fiat Chrysler would be required to pay the original purchase price plus 10 percent, minus a certain amount for depreciation. The ultimate cost of the settlement to the parent company, Fiat Chrysler , depends on how many pickup and SUV owners join in. The brothers suffered debilitating burns and are suing Fiat Chrysler. The settlement also encompasses the 2009 Chrysler Aspen and Dodge Durango sport utility vehicles, and the Dodge Dakota pickups made from 2009 to 2011. The cash outlay could be substantial. Fiat Chrysler has agreed to buy back up to half a million Dodge Ram pickup trucks after some repairs that were performed as a result of recalls proved unsuccessful. Source: www.dispatchtimes.com
