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Update: truck buyback and more

by David Zatz on

Earlier, FCA released a statement saying they would buy back trucks due to suspension defects. Not all vehicles in these lists are being bought back — in same cases it affects only certain runs or option groups.

  • 2009 Chrysler Aspen / Dodge Durango (made 1/3/08 to 12/18/08)
  • 2009-12 Dodge Ram 1500 (made 2/27/08 to 6/30/09)
  • 2009-11 Dodge Dakota (made 2/27/07 to 6/30/09)

This group of 278,229 trucks is covered under recall 13V-038; their axle may lock due to the use of an undersized pinion flange, resulting in the loss of steering power.

  • 2008 Dodge Ram 1500 MegaCab 4×4
  • 2008-12 Dodge Ram 2500 and 3500 4×4
  • 2008-12 Dodge Ram 3500 RWD chassis cab

This group of 265,057 trucks is covered under recall 13V-529, to replace tie rods that can cause loss of control.

  • 2008-12 Dodge Ram 4500 and Dodge Ram 5500 chassis-cabs (made 2/20/07 to 12/22/12)

This relatively minor recall, 13V-527, also covers loss of steering due to the left tie rod breaking.

The number of vehicles actually bought back is likely to be much smaller.  Updated with details thanks to Larry V.

The company clarified later today:

FCA US will offer to owners whose vehicles have not yet been remedied, as an alternative remedy [emphasis ours], to repurchase those vehicles at a price equal to the original purchase price less a reasonable allowance for depreciation plus ten percent. However, customers responding to the recall may continue to keep their vehicles and have them repaired in accordance with the original recall.

… repairs have been completed on well over 60% of the subject vehicles, leaving less than two hundred thousand eligible vehicles. … FCA intends that any vehicles repurchased will be remedied and resold.

In addition, FCA US is offering consumer incentives to encourage owners of vehicles subject to the structural reinforcement campaign to participate in the campaign. With respect to the 1993 through 1998 Jeep Grand Cherokee ZJs, FCA US is also offering to increase the trade-in allowance to be applied to the purchase of another FCA product, service or parts for those owners of these very old vehicles who would prefer this alternative over the installation of a trailer hitch.

All premiums paid to repurchase vehicles in the three recall campaigns and customer incentives will be applied as credits to the $20 million that FCA US has agreed to spend on industry outreach amounts…

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