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Showing results for tags 'buy-back'.
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This is all part of a huge settlement FCA US is making with NHTSA over 11 recalls covering 23 million vehicles. Included is a $105 million dollar fine. NHTSA Administrator Mark Rosekind commented, saying “Fiat Chrysler’s pattern of poor performance put millions of its customers, and the driving public, at risk. This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture.” If you own a Jeep or Ram vehicle and want to see if it is covered, please click here. For details on the NHTSA announcement form the agency itself please see the NHTSA website.
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John Goreham Contributing Writer, GM-Trucks.com 7/27/2015 In an unprecedented move, NHTSA and Fiat Chrysler Automobiles US (FCA US) have come to an agreement over a recall issue that will result in FCA having to buy back Ram trucks. The affected trucks have a suspension defect that can cause the vehicle to crash. As part of the settlement Ram will buy back customer's trucks if they cannot be fixed. Similarly, certain Jeep vehicles will be covered under a fire recall. Those owners will be allowed to trade in their Jeeps at above market value or be given a financial incentive to get their vehicle repaired. This is all part of a huge settlement FCA US is making with NHTSA over 11 recalls covering 23 million vehicles. Included is a $105 million dollar fine. NHTSA Administrator Mark Rosekind commented, saying “Fiat Chrysler’s pattern of poor performance put millions of its customers, and the driving public, at risk. This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture.” If you own a Jeep or Ram vehicle and want to see if it is covered, please click here. For details on the NHTSA announcement form the agency itself please see the NHTSA website.