FCA Says RAM Pickup Buybacks Might Total $20 Million

After this morning’s announcement that Fiat Chrysler Automobiles would be subject to one of the largest civil penalties for an automaker, reports that the automaker could be on the hook for $2.5 billion in cars aren’t true, the automaker said today.

“While such amounts may exceed the $20 million, contrary to certain reports, FCA US does not expect that the net cost of providing these additional alternatives will be material to its financial position, liquidity or results of operations,” the automaker said in a statement.

In other words, expect to find some screaming deals on Ram trucks in the next few months.

MDarringer - 7/28/2015 7:18:26 PM

0 Boost

For a company like FCA $20m isn't huge. They pay that much to keep the lights on each day.