Fiat Chrysler hit with $105M fine by NHTSA over failed recalls

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Fiat=Chrysler finedFiat Chrysler was officially hit with a record $105 million penalty by the U.S. Department of Transportation on Sunday over nearly two dozen safety recalls it failed to complete, officials said.

The Dept. of Transportation and National Highway Traffic Safety Administration announced the penalty Sunday, which is part of an agreement that will allow some customers to sell their affected vehicles back to the automaker.

"Today's action holds Fiat Chrysler accountable for its past failures, pushes them to get unsafe vehicles repaired or off the roads and takes concrete steps to keep Americans safer going forward," Transportation Secretary Anthony Foxx said in an official release. "This civil penalty puts manufacturers on notice that the Department will act when they do not take their obligations to repair safety defects seriously."

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