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On Monday, the Obama Administration announced the largest vehicle buyback program in history, involving 580,000 Fiat Chrysler vehicles.

Mark Rosekind, administrator of the National Highway Traffic Safety Administration, said the sanction was imposed because the car company failed to come up with adequate repairs for Dodge Ram pickups and Dodge sport utility vehicles.

The big vehicles, built from 2008 to 2012, were part of three separate recalls announced by NHTSA in 2013. They’re also the subject of $105 million in civil penalties.



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Bailout, Buybacks, And Fines: Would The Obama Administration's Actions Be Different If Fiat-Chrysler Was Wholly American Owned?

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