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Fiat Chrysler’s record $105M fine shows trust eroding in carmakers

A record penalty that could reach $105 million isnt the only imposition U.S. auto-safety regulators are making on Fiat Chrysler: Its also getting a house guest.

By Mark Clothier, Jeff Plungis, Bloomberg, David Welch, Bloomberg | Updated on July 27, 2015
An agreement with Fiat Chrysler represents the largest penalty ever imposed by NHTSA, which regulates the auto industry and investigates safety defects. (Image: Shutterstock)

(Bloomberg) — A record penalty that could reach $105 million isn’t the only imposition U.S. auto-safety regulators are making on Fiat Chrysler: It’s also getting a house guest.

The maker of Dodge pickups and Jeep sport utility vehicles on Sunday, like Toyota before it, agreed to hire an independent monitor to ensure it will no longer delay safety recalls. Including GM and Honda, which have agreed to additional oversight, companies representing more than half of all vehicles sold in the U.S. will be under the yoke of extraordinary regulatory scrutiny.

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