Sunday, July 23

Hall of Shame: Fiat Chrysler Automobiles $105 Million Civil Penalty

The job of the most honest seller is to sell you, not to give you reasons to buy from a competitor. That over-riding reality drives the free-enterprise system, and places a responsibility on you.

FoolProof's Hall of Shame is here to remind you why a healthy dose of skepticism should rule your decisions before dealing with anyone who wants to touch your money or your general welfare.

July 26, 2015

Auto Safety

""Fiat Chrysler's pattern of poor performance put millions of its customers, and the driving public, at risk," NHTSA Administrator Mark Rosekind said..."

Source: www.nhtsa.gov

Automaker admits failures and agrees to federal oversight, buy backs and record penalty.

Fiat Chrysler Automobiles has acknowledged violations of the Motor Vehicle Safety Act's requirements to repair vehicles with safety defects. Fiat Chrysler have agreed to a $105 million civil penalty, the largest ever imposed by the Department's National Highway Traffic Safety Administration (NHTSA).

NHTSA officials outlined problems with Fiat Chrysler's execution of 23-vehicle safety recalls covering more than 11 million defective vehicles. Owners of more than half a million vehicles have the opportunity to sell their vehicle back to Fiat Chrysler.