US regulators impose 105 million dlr fine on Fiat Chrysler - Press Examiner
The Ram pickups – the country’s top-selling vehicle – have defective steering parts which can cause motorists to lose control. That’s the biggest financial penalty ever imposed by the National Highway Traffic Safety Administration (NHTSA ). The NHTSA had accused the automaker of obstructing the work of regulators, of not alerting vehicle owners to problems in a timely... NHTSA has in the past accused FCA of foot-dragging around several recalls, including one of over 1. 5 million Jeeps linked to fires. The action follows a public hearing on July 2 at which the NHTSA outlined problems with FCA’s execution of vehicle safety recalls affecting more than 11 million defective vehicles in the US. “This is about making sure that what’s out on the market... As part of the deal signed Sunday evening, the automaker will buy back some of recalled the faulty vehicles. It’s unclear just how many Rams the automaker will have to repurchase, but the cash outlay could be substantial. Now, that only involves the RAM trucks. Source: www.pressexaminer.com
