Automaker admits failures and agrees to federal oversight, buy backs and record penalty
WASHINGTON – (ENEWSPF)—July 27, 2015. U.S. Transportation Secretary Anthony Foxx announced today 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 $105 million civil penalty, the largest ever imposed by the Department’s National…
