U.S. announces July hearing on Fiat Chrysler recalls

[Yahoo! News]

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The Obama administration on Monday escalated its running regulatory battle with Fiat Chrysler Automobiles NV by announcing a public hearing to scrutinize how the automaker has handled 20 recalls affecting more than 10 million vehicles. As part of a broader effort to get automakers to speed up the repair of recalled cars and trucks, the National Highway Traffic Safety Administration said FCA could face up to $700 million in fines and be required to buy back or replace vehicles if regulators find evidence that it failed in its legal recall obligations. The proceedings would be the broadest public hearing the agency had held to date and follows what NHTSA Administrator Mark Rosekind described as frustrated attempts by the agency to get Fiat Chrysler's U.S. unit, FCA US LLC, to move more aggressively to correct defects tied to fires, loss of control, unintended air bag deployments and fuel leaks.

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