Fiat Chrysler must offer to 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 costly deal with safety regulators to settle legal problems in about two dozen recalls.A deal whose financial burden will ultimately be borne by consumers in the form of higher prices for 'perfect' automobiles (as defined by some noble bureaucrats).
The Ram pickups, which are the company's top-selling vehicle, have defective steering parts that can cause drivers to lose control. Some previous repairs have been unsuccessful, so Fiat Chrysler agreed to the buyback, according to the National Highway Traffic Safety Administration. Owners also have the option of getting them repaired, the agency said in documents released Sunday.They also have the option of buying of those spiffy new Ford trucks too. Which is the way capitalists are punished in free societies. It's a brave new world.