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Car safety regulators fine Fiat Chrysler a record $105m

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The US’s car safety watchdog, toughening its stance against manufacturer defects, has issued a record $105 million in fines against Fiat Chrysler Automobiles NV over lapses in safety recalls involving millions of vehicles. The Italian-US. carmaker’s consent agreement with the National Highway Traffic Safety Administration contains an unprecedented buyback option covering hundreds of thousands of vehicles, including more than 1 million Jeep sport utility vehicles, whose owners can receive a...

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