Fiat Chrysler Ordered to Buy Back Vehicles
Automobile manufacturers in the United States are required to ensure the safety of the vehicles they release to consumers. Unfortunately, numerous safety issues have been discovered in a number of different makes and models in recent years, which has prompted safety regulators to take stern action against automobile companies that produce a defective product.
Take the cases against Fiat Chrysler as a prime example. A report indicates the company will have to buy back or repair as many as 500,000 vehicles that were involved in dozens of recent recalls.
A settlement reached with safety regulators will force Fiat Chrysler to purchase back as many as half a million Dodge Ram pickup trucks that have been the subject of recalls involving faulty steering parts. Furthermore, the company will be required to repair or allow trade-ins on more than 1 million older model Jeeps that are equipped with rear-mounted gas tanks that can be a fire hazard in the event of a crash. The company also faces as much as $105 million in fines as part of the settlement.
An article from WAVY 10 News outlines a list of the makes and models of vehicles that are being affected by the buy backs.
Our team at Lowell Stanley Injury Lawyers believes in protecting the safety of consumers and motorists in Virginia. That’s why our Norfolk personal injury attorneys are hopeful this settlement will provide consumers with more reliable vehicles that perform as they were intended to.