Fiat Chrysler slapped with record $105 million fine, will buy back 500,000 vehicles

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Fiat Chrysler will buy back from customers more than 500,000 Ram pickup trucks in the biggest such action in U.S. history as part of a costly deal with U.S. safety regulators to settle legal problems in about two-dozen recalls.

The trucks, which are the company's top-selling vehicle, have defective steering parts that can cause drivers to lose control, and some previous repairs have been unsuccessful. So to get them off the roads, Fiat Chrysler agreed to the buyback, according to the National Highway Traffic Safety Administration. Owners also have the option of getting them repaired, the agency said in documents released Sunday. Read more...

More about Chrysler, Us World, Us, Department Of Transportation, and Fiat Chrysler Automobiles

Source: Mashable http://ift.tt/1IzqOQP

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