Money FIAT/Chrysler to buy back 500,000 RAM trucks - Page 3

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.

Reerun_KC · 07-27-2015, 11:16 AM

Quote:

Originally Posted by Cochise

Growing up I never thought I would favor Ford among the domestic makes, but nowadays you either buy from Government Motors, you buy from FIAT, or you can buy from Ford who didn't take a bailout and can actually make money on their own.

Yeah I don't get into all that political bullshit. I buy and drive what I like regardless of government bailouts or political opinions.

Makes me a happy consumer. I have an uncle that's union in KC. He is ****ing ridiculous with his bullshit about what you can oun or not own. So bad that it's hypocritical...

**BigMeatballDave** · 07-27-2015, 11:22 AM

Quote:

Originally Posted by Cochise

Growing up I never thought I would favor Ford among the domestic makes, but nowadays you either buy from Government Motors, you buy from FIAT, or you can buy from Ford who didn't take a bailout and can actually make money on their own.

If I had my choice of a new truck, it would be a Nissan Titan or Toyota Tundra.

**BigMeatballDave** · 07-27-2015, 11:24 AM

The new Colorados are really nice.

**Donger** · 07-27-2015, 11:35 AM

No guts, no glory.

displacedinMN · 07-27-2015, 11:35 AM

Quote:

Originally Posted by BigMeatballDave

If I had my choice of a new truck, it would be a Nissan Titan or Toyota Tundra.

BIL does not like his new Nissan as well as his 2005. Less pad in seats, does not ride as well, lesser steel, light weight.

**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

**notorious** · 07-27-2015, 12:00 PM

Your cars last as long as how you treat them.

Current Work Suburban 67k
Secondary Work Yukon 281k
Previous Work Suburban 275k
Previous Work Chevy Pickup 260k

Every one of the vehicles listed above pull/pulled a 16' Carhauler loaded with up to 7k of wood floor and equipment. Every one of them ran great and didn't burn oil when I sold them.

Take care of your shit and it lasts, well at least in my personal experience, anyway.

kepp · 07-27-2015, 12:01 PM

Quote:

Originally Posted by BigMeatballDave

If I had my choice of a new truck, it would be a Nissan Titan or Toyota Tundra.

I was warned away from the Titan BY A NISSAN SALESMAN. He said the Tundra was put together much better. Of course, he was trying to sell me a Frontier Pro-4x at the time. Maybe he was trying to gain my trust.

**HemiEd** · 07-27-2015, 12:13 PM

Quote:

Originally Posted by Cochise

Growing up I never thought I would favor Ford among the domestic makes, but nowadays you either buy from Government Motors, you buy from FIAT, or you can buy from Ford who didn't take a bailout and can actually make money on their own.

That is a very popular bull shit story and has been turned into legend.

Does that mean that Ford did not get any money from the governement? Hardly. Congress decided that the best alternative for Ford was to get funds from the Term Asset-Backed Securities Loan Facility (TALF), which is a government program for auto, student, and other consumer loans. These were very low-cost government loans to the tune of $5.9 billion that helped Ford tip-toe past bankruptcy and overhaul their factories to bring out more fuel-efficient technology. The Obama administration’s plans of having a million electric cars on the road by 2015 were being funneled through Ford and two other companies (Nissan and Tesla), and Ford fans had the audacity to call GM “Government Motors.”

Yeah, you can question the source, but it is true. http://www.chevyhardcore.com/news/ed...-yes-they-did/

Reerun_KC · 07-27-2015, 01:39 PM

Quote:

Originally Posted by Baconeater

Relax sport, you'll have the option of getting your bro-dozer fixed.

That is great news Bropablo! I was worried there for a moment.

Pablo · 07-27-2015, 01:46 PM

Quote:

Originally Posted by Reerun_KC

That is great news Bropablo! I was worried there for a moment.

Do you think about me when you're cranking Blake Shelton in that thing?

Carlota69 · 07-27-2015, 01:55 PM

I had 3 Chargers, and ALL 3 were shit. 2 of them starting having major problems at 50k and the dealer kept telling me nothing was under warranty, even though I bought the big daddy warranty package. IN may,I traded my 2012 Charger in for a new Mustang with a "Drive n Go" warranty. **** Chrysler.

Fairplay · 07-27-2015, 01:59 PM

Why did you keep buying Chargers if they were junk?

Carlota69 · 07-27-2015, 02:02 PM

Quote:

Originally Posted by Fairplay

Why did you keep buying Chargers if they were junk?

I did Dodge commercials here in Vegas. I was a spokesperson for them, so I got kick ass deals on the cars. But, at some point, **** that.

PLUS, I llllooovvvve my new Mustang.

Sassy Squatch · 07-27-2015, 02:27 PM

Quote:

Originally Posted by Reerun_KC

Yeah I don't get into all that political bullshit. I buy and drive what I like regardless of government bailouts or political opinions.

Makes me a happy consumer. I have an uncle that's union in KC. He is ****ing ridiculous with his bullshit about what you can oun or not own. So bad that it's hypocritical...

You're treated like a second class citizen if you drive anything but a Ford product in the Claycomo plant. Literally have to park in the back corners of the plant.

07-26-2015, 05:23 PM
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

07-27-2015, 11:24 AM	#33
BigMeatballDave GBM 8-12-15 Join Date: Aug 2000 Location: Dayton, Oh. Casino cash: $10052154	The new Colorados are really nice.
Posts: 59,997

07-27-2015, 11:35 AM	#34
Donger "Think BOOM!" Join Date: Nov 2003 Location: 33.675° N 106.475° W Casino cash: $6819900 VARSITY	No guts, no glory. __________________ I think the young people enjoy it when I "get down," verbally, don't you?
Posts: 191,135

07-27-2015, 12:00 PM	#37
notorious Supporter Join Date: May 2005 Location: Who knows? Casino cash: $-944116	Your cars last as long as how you treat them. Current Work Suburban 67k Secondary Work Yukon 281k Previous Work Suburban 275k Previous Work Chevy Pickup 260k Every one of the vehicles listed above pull/pulled a 16' Carhauler loaded with up to 7k of wood floor and equipment. Every one of them ran great and didn't burn oil when I sold them. Take care of your shit and it lasts, well at least in my personal experience, anyway.
Posts: 88,581

07-27-2015, 01:55 PM	#42
Carlota69 MVP Join Date: Mar 2003 Location: Las Vegas Casino cash: $9925282	I had 3 Chargers, and ALL 3 were shit. 2 of them starting having major problems at 50k and the dealer kept telling me nothing was under warranty, even though I bought the big daddy warranty package. IN may,I traded my 2012 Charger in for a new Mustang with a "Drive n Go" warranty. **** Chrysler. __________________ Women want someone who can make them laugh and protect them. So basically a Clown Ninja.
Posts: 6,592

07-27-2015, 01:59 PM	#43
Fairplay A certain set of skills Join Date: Dec 2003 Location: texas Casino cash: $10026683 VARSITY	Why did you keep buying Chargers if they were junk?
Posts: 25,265

Thread Tools
Show Printable Version Email this Page
Display Modes
Linear Mode Switch to Hybrid Mode Switch to Threaded Mode