Dodge Ram recalls

Posted: July 28, 2015 in News
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Fiat Chrysler must buy back from customers more than 500,000 Ram pickup trucks and other vehicles in the biggest such action in U.S. history as part of a expensive deal with safety regulators to settle legal problems in about two dozen recalls.

Dodge Ram

Doge Ram

The Italian-American automaker also faces a record civil fine of up to $105 million. In addition, owners of more than a million older Jeeps with vulnerable rear-mounted gas tanks(which fuel tanks located behind the rear axle, with little to shield them in a rear crash. They can rupture and spill gasoline, causing a fire. At least 75 people have died in crash-related fires) will be able to exchange them or be paid by Chrysler to have the vehicles repaired according to NHTSA.

The Ram trucks, which are the company’s top-selling vehicle, have faulty steering parts that can cause drivers to lose control. Some previous repairs have been unsuccessful, so Fiat Chrysler agreed to the buyback (Under the agreement, Fiat Chrysler has to buy back the Ram trucks for the purchase price, minus depreciation),

As to Kelly Blue Book puts it, “a 2010 Dodge Ram 1500 — one of the smaller, less-expensive trucks involved in the recalls — could fetch $20,000 in a dealer trade-in, assuming the truck has 60,000 miles on it and is in “good” condition. At that rate, if Chrysler had to buy back even a quarter of the trucks at issue, it could spend $2.5 billion” Hmmm…

Dodge Ram Steering Snap

Dodge Ram Steering Snap

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