Fiat Chrysler buyback plan involves Ram pickup trucks - Dispatch Times
The penalty includes an immediate $70m fine, and also accounts for $20m of performance improvements that Fiat Chrysler has committed to making in relation to its handling and reporting of safety risks and recall campaigns. NHTSA has been involved in vehicle buybacks in the past, but never one of this size. A vehicle buyback occurs when a problem with the automobile is too serious to be remedied through the recall process , and the vehicles must be removed from the roads. “They’re going to receive a letter from Chrysler stating that their vehicle qualifies for a buy back “, said Denny Amrhein, Managing Partner at Grogan’s Towne Chrysler Dodge. Which cars: If you drive one of several Ram pickup models, or a 2009 Dodge Durango, a 2009-2011 Dodge Dakota or a 2009 Chrysler Aspen, your auto qualifies for a buyback if it hasn’t been fixed yet. According to the consent order, Fiat Chrysler could end up paying billions of dollars to buy back defective trucks, though the costs will probably be recovered by the automaker through the resale of the trucks. The fine comes after an enquiry into 23 previous recalls by FCA over the past decade that affected over 11 million vehicles. Source: www.dispatchtimes.com
