Discussion in 'Dodge Ram Eco Diesels' started by ColdCase, Jan 10, 2019.
In case you haven't seen this:
Remember when they stopped EcoDiesel production for a while in 2016 - 2017 (IIRC)? They got caught.
thanks for posting bud
Thanks for sharing
$800 mil or more, is serious money for FCA. Could impact their ability to replace cams and correct exhaust leaks.
Yep I just got some extra spending money.
The Ram and Jeep EcoDiesel crisis that erupted in early 2017, a year following Volkswagen's own diesel crisis, has finally resulted in a settlement agreement that will mean tens of thousands of vehicles receiving engine software updates, while owners will receive significant cash payments. The settlement agreement filed today still has to be approved by the court overseeing the negotiations, but it will see Jeep and Ram parent company FCA contribute $280 million to a settlement fund, while supplier Bosch will throw in $27.5 million to the same fund used to compensate owners. Civil penalties of $400 million will account for the rest of the estimated $800 million settlement and will be paid to various federal and state bodies.
What does this mean for current and former owners and lessees of Ram 1500 Diesel and Jeep Grand Cherokee vehicles from the 2014-16 model years?
A cash payment of up to $3,075, in addition to a free engine software upgrade for what the settlement terms "eligible owners," who are defined as those who owned the vehicle on Jan. 12, 2017. Cash compensation amounts will vary based on whether the owners are current or former, or whether they are or were lessees of these vehicles. Former owners or lessees who sold their vehicle after the date of Jan 12, 2017 will still get some compensation if the vehicle receives the prescribed technical fix, but those who sell their vehicle after today, Jan. 10, 2019, will not receive monetary compensation. The minimum amount of compensation is believed to be $990.
"FCA US will conduct an emissions recall to update emission control software in an estimated 100,000 model-year 2014-2016 Ram 1500 pickups and Jeep Grand Cherokee SUVs equipped with 3.0-liter EcoDiesel V-6 engines. The software reflash does not affect average fuel economy, drivability, durability or refinement of the vehicles," FCA said in a statement.
"Each current and former owner and lessee of these vehicles will be eligible to receive a payment averaging $2,800 as part of the plaintiff steering committee settlement. The affected vehicles will also qualify for an extended warranty in connection with the software update," the automaker added.
Read more: https://autoweek.com/article/diesel...nclude-cash-compensation-owners#ixzz5cIi1WOBu
To me the more important part of the "proposed" settlement will be the extended warranty on the emission related componets.
Separate names with a comma.