It's been a tumultuous week for Fiat Chrysler Automobiles. Just days after the automaker recalled 1.4 million cars over a hacking threat, the National Highway Traffic Safety Administration announced FCA will have to pay civil penalties of up to $105 million in response to a federal government probe on 23 separate recalls covering more than 11 million cars.
The automaker will also have to buy back thousands of FCA vehicles with defective suspension parts as part of the fine, as well as give owners of "more than a million" fire-prone Jeeps above-market-value trade-ins or some sort of financial incentive to get their car repaired, according to a NHTSA statement. We're still sifting through NHTSA's order and will have more details later today.
This comes after revelations in April that less than 25 percent of the 1.56 million older Jeeps that FCA recalled for fire risks had been repaired, even two years after being recalled. That's far less than the auto industry's reported 72 percent average for repairs completed within two years after a recall is issued.
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