Chrysler to pay $105 million for mishandling recalls - KRNV My News 4
NEW YORK (CNNMoney) -- Federal safety regulators said Sunday that Fiat Chrysler Automobiles will pay a record $105 million for mishandling 23 recalls. The expected fine stems from Chrysler's handling of 23 recalls involving 11 million vehicles. Of the $105 million Chrysler agreed to pay, $70 million is a cash penalty. The company will also pay another $20 million to ensure that drivers' vehicles are fixed by, among other things, offering cash incentives to owners. 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. 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. Source: www.mynews4.com
