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By Tom Krisher, AP Auto Writer
1 hour ago

DETROIT (AP) -- Fiat Chrysler will buy back about 300,000 Ram pickup trucks in the biggest such action in U.S. history as part of a deal with U.S. safety regulators to settle legal problems in about two-dozen recalls, two people briefed on the matter say.

Some of the trucks, which are the company's top-selling vehicle, have steering problems that have lingered without proper repairs for more than two years, according to documents filed with the National Highway Traffic Safety Administration.

The sources say the buyback is part of a larger settlement between the government and the automaker that includes a record $105 million fine and the appointment of an independent recall monitor. Both people asked not to be identified because terms of the deal haven't been released.

NHTSA has been involved in vehicle buybacks in the past, but never with anywhere near this many vehicles. A buyback usually happens when a problem is so serious that it can't be fixed and the vehicles need to be taken off the road, and one of this size likely will cost the company hundreds of millions of dollars or more.

It was unclear Sunday exactly what Ram models are covered by the buyback, but documents filed by Fiat Chrysler with the safety agency show a litany of problems in two recalls of the trucks dating as far back as 2011. Some of the problems have yet to be resolved. Trucks in the two recalls include certain 2008 to 2012 Ram 2500 4 by 4 and 3500 4 by 4, the 2012 Ram 3500 4 by 2 Chassis Cab and the 2008 Ram 1500 Mega Cab 4 by 4. Also covered are the Ram 4500 and 5500 from the 2008.

Details of the buybacks are expected to be released shortly by NHTSA.
 

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up to 500K now

Fiat Chrysler to buy back 500,000 pickups in recall deal
 

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I'm sure many are smiling about being able to upgrade
 

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From 5 to 8 years ago?? Wow.. Should he person that bought them NEW get some of their money back - they most likely took a huge hit on initial ReSale Value if they had known problems. By now many of them are in the hands of their second or third owners.. What a mess that would be..

Sad indeed.
 

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Fiat Chrysler Recalls: Here Are The Ram, Dodge, Chrysler Trucks And SUVs FCA Will Buy Back

The NHTSA gave the company a “reasonable allowance for depreciation” on the price they’re willing to pay for nearly 579,000 affected vehicles. The following vehicles are eligible for the buyback program:

* 2008 to 2012 model-year Ram pickup trucks that have either steering problems or axle problems, or both.
* 2008 to 2012 Ram 4500 and 5500 super duty pickup trucks, for steering problems;
* 2009 to 2011 Dodge Dakota trucks, for axle problems;
* 2009 Dodge Durango and Chrysler Aspen SUVs, for axle problem.

Fiat Chrysler will also offer $1,000 on trade-ins of 1993 to 1998 model-year Jeep Grand Cherokees. Owners can also apply the money to service on other FCA vehicles they might own. FCA says more than 1 million Jeeps need to be fixed for a fire risk linked to the position of the vehicle’s gas tank. NHTSA and Fiat Chrysler have clashed for years over the gas-tank issue affecting 2.7 million Jeeps.
 
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