Fiat Chrysler was recently issued a huge blow. That blow is a $70 million fine for failing to submit safety data to the NHTSA. They require companies to send them that information. It was said by Anthony Foxx, a US Transportation Secretary, that when companies fail to do this, they will be punished.
FIAT CHRYSLER FAILS TO SUBMIT SAFETY DATA
The interesting thing about this revelation is the fact that a few months ago Chrysler admitted their fault. They said that they had not been providing any data for warranty claims, injuries, deaths, reports, and owner complaints for years. This is shocking especially considering Foxx stated that they require companies to do this. Foxx said that this is a legal requirement to protect the safety of people. As mentioned earlier, Foxx said any company to fail to do so will receive the necessary punishment.
FIAT CHRYSLER RECALLED A RECORD AMOUNT OF VEHICLES
Fiat Chrysler has recalled many vehicles this year. They have done so on around 11 million cars, which is a ridiculous amount. It is understandable that companies need to recall their products, but 11 million is just too high. Not only that, but the NHTSA has announced that Fiat Chrysler’s new penalty is $175 million. Even for a company as big as Fiat Chrysler, $175 million is a lot of money and losing that wouldn’t make anybody happy.
FIAT CHRYSLER STATES CONCERN
The company has issued a statement saying that they do take this situation extremely seriously. They mention how they are continuing to talk with the NHTSA to make sure this does not happen again. One thing for them is they better hope they get the memo. Hopefully, they do because if they do not and they continue to do this, they could be damaged for a long time.
