In The Midst Of Massive Recall, Federal Regulators Reportedly Consider Fining ... - Morning News USA
While in the midst of a massive recall for some of its vehicles, Fiat Chrysler Automobiles NV may possibly be slapped with a fine worth as much as $105 million, The Wall Street Journal reports. Moreover, it is expected that Fiat Chrysler will also agree to repurchase some of its recalled vehicles. According to the transcript of court proceedings from the NHTSA for the “Public Hearing To Determine Whether Fiat Chrysler Has Reasonably Met Its Obligations To Remedy Recalled Vehicles And Notify NHTSA, Owners, And Purchasers Of Recalls,” NHTSA... ” Moreover, NHTSA also believes that Fiat Chrysler has also not “adequately remedied vehicles. Fiat Chrysler has also failed to submit information on its recalls to NHTSA in a “timely, correct, complete and in the required form. In June 2013, Chrysler announced a massive recall involving as much as 1,560,000 vehicles due to defective gas tanks that can possibly catch fire should the vehicle get struck from behind. Meanwhile, vehicle fire risk was also the factor that led Chrysler to recall some 300,000 vehicles in October last year after detecting a defect in the electrical connectors in the diesel fuel heater. Source: www.morningnewsusa.com
