Fiat Chrysler faces record fine over recalls, must offer to buy back 500,000 Trucks

[WNYresident]

Fiat Chrysler faces record fine over recalls, must offer to buy back 500,000 Ram pickup trucks

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

The Italian-American automaker also faces a record civil fine of up to $105 million. In addition, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade them in or be paid by Chrysler to have the vehicles repaired.

http://www.foxnews.com/leisure/2015/...y-back-500000/


Well this is going to be costly.

[nogods]

The free market theorists would claim it is unnecessary to have such government oversight because after enough people die from driving those cars consumers will simply stop buying those cars. Same is true of pharmaceuticals, air planes, and food. No need for government oversight - let the free market take care of it - Go Rand Paul!