After this morning’s announcement that Fiat Chrysler Automobiles would be subject to one of the largest civil penalties for an automaker, reports that the automaker could be on the hook for $2.5 billion in cars aren’t true, the automaker said today.
“While such amounts may exceed the $20 million, contrary to certain reports, FCA US does not expect that the net cost of providing these additional alternatives will be material to its financial position, liquidity or results of operations,” the automaker said in a statement.
In other words, expect to find some screaming deals on Ram trucks in the next few months.
In an order detailing the largest civil penalty for an automaker so far, the National Highway Traffic Safety Administration said Monday that Fiat Chrysler Automobiles could have to buy back 500,000 defective trucks and accept trade-in above market value for 1 million defective Jeeps .
The automaker’s record $105 million fine includes a $70 million penalty, $20 million set aside for meeting safety standards dictated by the federal bureau and an additional $15 million in penalties if an independent monitor discovers further safety violations.
The Chevrolet Silverado has outsold the Ford F-150 so far this year, but sales of Ford’s Super Duty trucks have boosted the company’s truck business past its competition, PickupTrucks.com is reporting.
All three truck makers are selling more pickups than they were a year ago, but flagging F-150 sales and depleted inventory could be keeping Ford’s perennial half-ton leader back.
Ford announced Tuesday its new range-topping truck, the F-150 Limited, which will go on sale this winter. The Limited replaces the Platinum as the most you can pay for an F-150, and while the automaker didn’t specify how much the Limited may cost, it’s clear it will be knocking on the door of $60,000 — if not kicking it down.
Limited only in name, not in price, Ford’s newest F-150 is aiming to push average transaction prices higher and further than they’ve ever gone before. According to Reuters, the average price paid for a pickup was $42,429 so far this year.
The Limited model sports 22-inch wheels, a 3.5-liter EcoBoost turbocharged V6, 360-degree cameras and massaging seats.
Fiat Chrysler Automobiles earned the top spot overall in an annual survey of new car quality.
Strategic Vision, a San Diego-based research firm, ranked FCA No. 1 for the first time since the company began measuring customer satisfaction in 1995. Last year, Kia earned top honors.
FCA had six cars that topped their respective segments, including the Fiat 500 and 500e; Dodge Charger, Challenger and Durango; and, the Jeep Wrangler Unlimited.
Today’s most alliterative award may go to truck maker Ram registering rear ramps recently.
The folks at Allpar detail the filing, which was reportedly made by engineers at Ram. The patent was awarded June 30 and details a system for bed-mounted sliding ramps.
The system, which could be called Ram Ramps, could complement other monosyllabic options such as Ram Box and Ram Dams (our suggestion for their active grille shutters).
FCA, looking a 4.1 million unit recall in the face thanks to defective Takata airbag inflators, will source replacements from a rival, ZF-owned TRW Automotive.
The Chrysler/Dodge/Jeep/Ram parent will be the first company to refuse to toe the line.
FCA isn’t content with taking the horsepower crown with the Dodge Charger Hellcat. They also want to win the torque war amongst the heavy-duty pickups and grab a first place towing trophy in the process.
There are few traditions at TTAC as hallowed as that of the “low-quality point-and-shoot photo used as centerpiece of article”. The undisputed master of this genre, the Mapplethorpe of the grainy tree-growing-mysteriously-out-of-a-car’s-trunk-just-above-the-glowing-date-stamped-on-the-shot, was TrueDelta’s Michael “TrueDelta” Karesh, of TrueDelta. Some of his work was so bad it approached the status of art. If I had space on my walls at home, I’d enlarge and frame some of the shots, and give them names, like Silver Hump On Equally Silver Car, In Shadow. Then I would sell them to wealthy Russian immigrants and become rich enough to fund my long-awaited Lifetime autobiographical movie in which Colin Farrell would get fat just so he could play me in my forties.
So as you look at the Zaxxon-esque pixelation of the above photo, try to think of it less as “Jack doesn’t own an actual camera” and more like “Jack is honoring the spirits of all who have gone before under the red-and-white masthead”. Or something like that. And before you waste too much time trying to figure out what the photo actually shows, I’ll tell you: it’s the door hinge on a nearly new RAM ProMaster cargo van, and it is rusting.
Suppliers close to FCA and its plans say production for a dozen new and redesigned models have been delayed, including key Jeep and Ram offerings.