Chrysler to pay $105 million for mishandling recalls - CNNMoney
Of the $105 million Chrysler agreed to pay, $70 million is a cash penalty. One of the most high profile of the recalls involved in Sunday's settlement included the Jeep Grand Cherokee and Jeep Liberty from model years 1993-2007. At issue were gas tanks that can leak after a severe rear impact. Now owners of 1993-1998 Jeep Grand Cherokees that are "prone to deadly fires" and have yet to be repaired will be able to trade in their SUV for $1,000 above market value or get a $100 gift card to have it fixed. Jeep owners driving a Liberty from model years 2002-2007 or a Grand Cherokee from 1999-2004 can also get a the $100 cash incentive for taking their SUVs in for repairs. In addition, owners of several models of Dodge and Ram trucks must be offered the option to sell their vehicle back to Fiat Chrysler if their vehicles were recalled for defective suspension parts and have not yet been repaired. Chrysler said in a statement that it accepts the "consequences with renewed resolve to improve our handling of recalls and re-establish the trust our customers place in us. ". The federal auto safety regulator, under fire on Capitol Hill for not... Source: money.cnn.com
