Money FIAT/Chrysler to buy back 500,000 RAM trucks

Eleazar · 07-26-2015, 05:23 PM

Fiat Chrysler to buy back 500,000 Ram pickups; biggest such action in US history
By TOM KRISHER Associated Press JULY 26, 2015 — 6:18PM

DETROIT — 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.

Also, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade in their vehicles for more than market value or be paid to get them repaired, the agency said in a statement. The Jeeps' fuel tanks are behind the rear axle and have little to shield them in a rear crash. They can rupture and spill gasoline, setting the vehicles on fire. At least 75 people have died in crash-related fires, although Fiat Chrysler maintains they are as safe as comparable vehicles from the same era.

Both the Jeep and Ram measures are part of a larger settlement between the government and the automaker that includes a record $105 million fine and the appointment of an independent recall monitor.

"Today's action holds Fiat Chrysler accountable for its past failures, pushes them to get unsafe vehicles repaired or off the roads and takes concrete steps to keep Americans safer going forward," Transportation Secretary Anthony Foxx said in the statement. The record civil fine, he said, puts automakers on notice that NHTSA will take action when recall laws aren't followed.

NHTSA has been involved in vehicle buybacks in the past, but never with this many vehicles. A buyback usually happens when a problem is so serious that it can't be fixed and the vehicles need to be removed from service. The buyback and the Jeep trade-ins likely will cost Fiat Chrysler hundreds of millions of dollars or more.

The agency's actions come less than a month after it held a rare public hearing to detail problems with 23 Fiat Chrysler recalls covering more than 11 million cars and trucks. It's another sign that NHTSA is taking a much tougher stance against automakers that don't obey auto safety laws.

The fine beats the old record of $70 million assessed against Honda Motor Co. for lapses in recalls of air bags made by Takata Corp.

At the July 2 hearing, NHTSA detailed a litany of shortfalls: failure to notify customers of recalls, delays in making and distributing repair parts and in some cases failing to come up with repairs that fix the problems. Some of the recalls date to 2013.

During the hearing, Fiat Chrysler did not dispute any of NHTSA's allegations. Scott Kunselman, the company's head of vehicle safety, said it is changing the way it manages safety to follow the industry's best practices. The safety system, he said, has been reorganized with added personnel. He now reports directly to CEO Sergio Marchionne. Previously the person in his position was three rungs down the organization chart from the chief executive, he said.

"We have learned from our mistakes and missteps," he said.

**Rain Man** · 07-26-2015, 05:29 PM

Their next advertising campaign will focus on resale value statistics.

**Scorp** · 07-26-2015, 05:32 PM

So how do I go about having them buy my Ram truck back? What Year or Years of Dodge Ram are they buying back? Soooooo many questions, yet no answers.

**BigMeatballDave** · 07-26-2015, 05:36 PM

Quote:

Originally Posted by Scorp

So how do I go about having them buy my Ram truck back? What Year or Years of Dodge Ram are they buying back? Soooooo many questions, yet no answers.

Go to the dealer and see what they have to say.

**Bugeater** · 07-26-2015, 05:51 PM

Quote:

Originally Posted by Scorp

So how do I go about having them buy my Ram truck back? What Year or Years of Dodge Ram are they buying back? Soooooo many questions, yet no answers.

They'll probably contact the affected owners. Years ago I had a Voyager I got numerous recall notices for fun shit like "passengers could be ejected out rear of vehicle" and "steering wheel may become noticeably loose and come off".

**Bugeater** · 07-26-2015, 05:49 PM

They should be buying them back for being pieces of shit that start rusting out in 5 years.

**TribalElder** · 07-26-2015, 05:50 PM

fiat is shit

'Hamas' Jenkins · 07-26-2015, 05:52 PM

This happened to my stepdad about five years ago with a late 90s Ford. Turned out the entire frame would rust out, so they gave him like $14000 ****ing dollars for a $4000 truck. It was a hell of a nice ROI.

**Bwana** · 07-26-2015, 06:08 PM

DODGE

Dead Or Damaged Greasy Embarrassment

stumppy · 07-26-2015, 06:16 PM

Quote:

Originally Posted by Bwana

DODGE

Dead Or Damaged Greasy Embarrassment

Drops Oil Drops Grease Everywhere

Chief_For_Life58 · 07-26-2015, 09:02 PM

Quote:

Originally Posted by Bwana

DODGE

Dead Or Damaged Greasy Embarrassment

yea cus gm and ford are so much better lol

**loochy** · 07-27-2015, 11:40 AM

Quote:

Originally Posted by Chief_For_Life58

yea cus gm and ford are so much better lol

they don't have to buy back all of their vehicles

just sayin

Deberg_1990 · 07-26-2015, 06:02 PM

Cash for clunkers II

88TG88 · 07-26-2015, 06:04 PM

Hey cochise, do you know the guy in your avi ?

Eleazar · 07-26-2015, 06:24 PM

Quote:

Originally Posted by 88TG88

Hey cochise, do you know the guy in your avi ?

No. He just had 15 minutes of fame on some other sites I read.

07-26-2015, 05:23 PM	Topic Starter
Eleazar Beyond the Rapids Join Date: May 2003 Location: Langley, VA Casino cash: $-370000	FIAT/Chrysler to buy back 500,000 RAM trucks Fiat Chrysler to buy back 500,000 Ram pickups; biggest such action in US history By TOM KRISHER Associated Press JULY 26, 2015 — 6:18PM DETROIT — 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. Also, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks will be able to trade in their vehicles for more than market value or be paid to get them repaired, the agency said in a statement. The Jeeps' fuel tanks are behind the rear axle and have little to shield them in a rear crash. They can rupture and spill gasoline, setting the vehicles on fire. At least 75 people have died in crash-related fires, although Fiat Chrysler maintains they are as safe as comparable vehicles from the same era. Both the Jeep and Ram measures are part of a larger settlement between the government and the automaker that includes a record $105 million fine and the appointment of an independent recall monitor. "Today's action holds Fiat Chrysler accountable for its past failures, pushes them to get unsafe vehicles repaired or off the roads and takes concrete steps to keep Americans safer going forward," Transportation Secretary Anthony Foxx said in the statement. The record civil fine, he said, puts automakers on notice that NHTSA will take action when recall laws aren't followed. NHTSA has been involved in vehicle buybacks in the past, but never with this many vehicles. A buyback usually happens when a problem is so serious that it can't be fixed and the vehicles need to be removed from service. The buyback and the Jeep trade-ins likely will cost Fiat Chrysler hundreds of millions of dollars or more. The agency's actions come less than a month after it held a rare public hearing to detail problems with 23 Fiat Chrysler recalls covering more than 11 million cars and trucks. It's another sign that NHTSA is taking a much tougher stance against automakers that don't obey auto safety laws. The fine beats the old record of $70 million assessed against Honda Motor Co. for lapses in recalls of air bags made by Takata Corp. At the July 2 hearing, NHTSA detailed a litany of shortfalls: failure to notify customers of recalls, delays in making and distributing repair parts and in some cases failing to come up with repairs that fix the problems. Some of the recalls date to 2013. During the hearing, Fiat Chrysler did not dispute any of NHTSA's allegations. Scott Kunselman, the company's head of vehicle safety, said it is changing the way it manages safety to follow the industry's best practices. The safety system, he said, has been reorganized with added personnel. He now reports directly to CEO Sergio Marchionne. Previously the person in his position was three rungs down the organization chart from the chief executive, he said. "We have learned from our mistakes and missteps," he said.
Posts: 80,659

07-26-2015, 05:29 PM	#2
Rain Man Seize life. Be an ermine. Join Date: Jul 2001 Location: My house Casino cash: $-642449 VARSITY	Their next advertising campaign will focus on resale value statistics. __________________ Active fan of the greatest team in NFL history.
Posts: 145,450

07-26-2015, 05:32 PM	#3
Scorp Whiskey Tango Foxtrot OVER! Join Date: Dec 2003 Location: Hell Casino cash: $6629000	So how do I go about having them buy my Ram truck back? What Year or Years of Dodge Ram are they buying back? Soooooo many questions, yet no answers. __________________
Posts: 4,507

07-26-2015, 05:49 PM	#6
Bugeater The Maintenance Guy Join Date: Sep 2005 Location: Renovated Bugeater Estate Casino cash: $3992680	They should be buying them back for being pieces of shit that start rusting out in 5 years.
Posts: 70,546

07-26-2015, 05:50 PM	#7
TribalElder Arrowhead Trail of Tears Join Date: Oct 2012 Location: KansasCity Casino cash: $-609559	fiat is shit __________________ Pressure is a privilege, and champions adjust
Posts: 29,553

07-26-2015, 05:52 PM	#8
'Hamas' Jenkins Now you've pissed me off! Join Date: Jan 2006 Casino cash: $7149572	This happened to my stepdad about five years ago with a late 90s Ford. Turned out the entire frame would rust out, so they gave him like $14000 ****ing dollars for a $4000 truck. It was a hell of a nice ROI.
Posts: 75,083

07-26-2015, 06:08 PM	#9
Bwana It's Five O'Clock Somewhere Join Date: Aug 2000 Location: Billings, Montana Casino cash: $2135873647	DODGE Dead Or Damaged Greasy Embarrassment __________________ Adventure is dangerous....but monotony can kill you.
Posts: 70,490

07-26-2015, 06:02 PM	#13
Deberg_1990 In Search of a Life Join Date: Jan 2004 Location: San Antonio Tx. Casino cash: $144454	Cash for clunkers II __________________ Originally Posted by Cassel's Reckoning: Matt once made a very nice play in Seattle where he spun away from a pass rusher and hit Bowe off his back foot for a first down. One of the best plays Matt has ever made.
Posts: 68,641

07-26-2015, 06:04 PM	#14
88TG88 don't tell me about collage Join Date: Sep 2006 Location: Los Angeles Casino cash: $10009184	Hey cochise, do you know the guy in your avi ?
Posts: 6,274