Midtown Blogger/Manhattan Valley Follies: Die Welt- Fiat-Chrylser Recall

Monday, July 27, 2015

Die Welt- Fiat-Chrylser Recall

The auto giant Fiat Chrysler needs due to errors in recall pay a record fine of vehicles to the US government. The Italian-based company agreed on Sunday with the Transportation Security Administration (NHTSA) on a number of sanctions. The agreement also contains an unprecedented repurchase tender offer to hundreds of thousands of car owners.

Fiat Chrysler had more than half a million vehicles because of defective components that can result in loss of control of the vehicle, to repurchase. Those concern vans of model Ram, one of the top sellers of Fiat Chrysler. In addition, Fiat Chrysler lets his recall practice control over three years by an independent body.

Transportation Security Administration increased pressure

Repentance will help to make the callbacks throughout the car industry to improve, said NHTSA CEO Mark Rose child. After fatal accidents due to defective airbags by the Japanese supplier Takata and defective ignition locks of General Motors (GM), the Authority has increased the pressure on the industry.

The previous record fine was 70 million dollars. It was imposed in January against the Japanese manufacturers Honda, because these deaths and injuries had not been published. Last year, GM had 35 million pay because Opel's mother had her Zündschlossprobleme that are associated with more than 120 deaths, reported delayed ten years.

Fiat Chrysler must pay penance $ 70 million in cash. In addition, the Group commits itself, at least 20 million dollars to invest in order to meet the quality requirements, as well as additional 15 million, the auditors should detect further irregularities.