Fiat Chrysler forced into biggest vehicle buyback ever - USA TODAY

DETROIT -- The National Highway Traffic Safety Administration said Monday it imposed the largest vehicle buyback program in its history on Fiat Chrysler Automobiles because the automaker has yet to fix nearly 200,000 pickup trucks and SUVs it... The $105 million in civil penalties and the buyback program are the outcome of NHTSA's investigation into FCA's lax repair and recall completion rates for 23 separate recalls covering more than 11 million vehicles. It applies mostly to Ram trucks and Dodge SUVs made between 2008 and 2012 that were part of three separate recalls announced in 2013. FCA recalled nearly 580,000 Ram pickups and Ram SUVs in 2013. NHTSA initially said the automaker must offer to... "This order requires FCA to offer buybacks for more than half a million vehicles prone to dangerous loss of control," Rosekind said. "As of this date, repairs have been completed on well over 60% of the subject vehicles, leaving less than two hundred thousand eligible vehicles," the automaker said in a statement. Nevertheless, the automaker said it will offer to repurchase the trucks and SUVs that have not yet been fixed for a price equal to the original purchase price minus a reasonable allowance for depreciation plus ten percent. Source: www.usatoday.com