Autoblog Minute: FCA hit with record fine, issues recall and buyback

[Ausjeepoffroad]

Filed under: Government/Legal, Recalls, Videos, Chrysler, Jeep, Safety, Autoblog Minute

FCA, found in violation of the Motor Vehicle Safety Act, agrees to buyback recalled models as part of record penalties issued by National Highway Traffic Safety Administration.Continue reading Autoblog Minute: FCA hit with record fine, issues recall and buyback

Autoblog Minute: FCA hit with record fine, issues recall and buyback originally appeared on Autoblog on Tue, 04 Aug 2015 10:00:00 EST. Please see our terms for use of feeds.



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[bruggz351]

Ouch

Sent from my FRED

[Steve F]

Ultimately I don't think it will bother them too much.

Fiat Chrysler said more than 60 per cent of the trucks already have been fixed, and the company is allowed to repair and resell the trucks it buys back.

The Jeep trade-ins could add to the tab, but they also could generate more new vehicle sales by getting customers into showrooms. Still, the total could strain the parent company, Fiat Chrysler Automobiles NV. The company posted a first-quarter net profit of $101 million and had more than $20 billion in cash and securities on March 31.

Cheers
Steve