U.S. NHTSA mandates USD 105 million penalty and buybacks for FCA  [ USA ]

U.S. Transportation Secretary Anthony Foxx announced on July 26 that Fiat Chrysler Automobiles has acknowledged violations of the Motor Vehicle Safety Act's requirements to repair vehicles with safety defects, and will submit to rigorous federal oversight, buy back some defective vehicles from owners, and agreed to a USD 105 million civil penalty, the largest ever imposed by NHTSA.The enforceme...