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-   -   Fiat/Chrysler receive record fine over FCA recalls (http://www.srtv8.com/showthread.php?t=6270)

Black 6050 27th July 2015 12:36

Fiat/Chrysler receive record fine over FCA recalls
 
NHTSA levy record fine over FCA recalls

by Bill Cawthon
7/26/2015

Detroit News reported that Fiat Chrysler is being hit with a record-making $105 million fine, and will have to repurchase some vehicles, due to sloppy treatment of recalls.

The News and Wall Street Journal wrote that the settlement between the National Highway Traffic and Safety Administration (NHTSA) and FCA US LLC has been announced.

The agency could have levied fines of up to $700 million over the 23 recalls it claims were not handled properly. FCA’s Scott Kunselman admitted that FCA’s behavior was “sloppy.”

As is typical in such settlements, Fiat Chrysler will likely have to pay only a portion of the fine. The remainder may be forgiven if the company fulfills its end of the deal.

Unlike General Motors, whose shortfalls have caused an alleged 125 deaths, Fiat Chrysler will have to have an independent monitor to audit compliance.


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