Latest Online Edition  Read Here

Daimler Vans USA LLC (DVUSA) is recalling two 2016 Mercedes-Benz Sprinter 2500 and 3500 vehicles. The label on the B-pillar may state a higher maximum vehicle load capacity than the vehicle is designed for. As such, these vehicles fail to comply with the requirements of 49 CFR Part 567, "Certification."DVUSA will notify owners, and dealers will check the label and replace it if necessary, free of charge. The manufacturer has not yet provided a notification schedule.
Published in Compliance News
Chrysler is recalling 414,134 2012 Jeep Liberty and 2012-2013 Chrysler 200 and Dodge Avenger vehicles. A component within the occupant restraint controller (ORC) may fail and prevent the active headrests from deploying in the event of a rear-end crash.Chrysler will notify owners, and dealers will replace the ORC as necessary, free of charge. Interim notices informing owners of the safety risk are expected to be mailed Nov. 29. Owners will receive a second notice when remedy parts become available. Chrysler’s number for this recall is T56.
Published in Compliance News
Chrysler is recalling 646,394 2011-2014 Dodge Durango and Jeep Grand Cherokee vehicles. The affected vehicles had brake booster shields installed under a previous recall campaign to prevent water from entering the brake booster and limiting braking ability. This recall is to verify that the brake booster shield installation was performed properly.Chrysler will notify owners, and dealers will inspect the brake booster shield, correcting the installation as necessary, free of charge. The recall is expected to begin Nov. 7. Chrysler's number for this recall is T59.
Published in Compliance News
Santander Consumer USA Holdings Inc. announced net income for the second quarter of $265 million.Total auto originations rose 1 percent to $5.5 billion.Core retail auto loan originations rose 36 percent to $2.3 billion.Chrysler Capital nonprime loan originations rose 11 percent to $948 million. Chrysler Capital prime loan originations were down 30 percent to $854 million.Provision for credit losses increased to $521 million in the second quarter, from $512 million in 2016.
Published in Finance
Tuesday, 20 June 2017 01:40

Chrysler Recalls Caravans for Air Bags

Chrysler is recalling 209,135 2011-12 Dodge Grand Caravan vehicles. In the affected vehicles, the driver's frontal air bag may unexpectedly deploy if the air bag wiring harness gets chafed within the steering wheel and short circuits.Chrysler will notify owners, and dealers will inspect the air bag wiring within the steering wheel, replacing it if necessary. A protective cover will also be installed. These repairs will be made free of charge.The recall is expected to begin July 28. Chrysler's number for this recall is T33.    
Published in Compliance News
Chrysler is recalling more than 1 million trucks because of issues with their seatbelts and side airbags.Chrysler is recalling 1,021,279 model year 2013-16 Ram 1500, Ram 2500, and 2014-16 Ram 3500 vehicles. Certain driving conditions, such as driving off-road or debris striking the vehicle may cause the roll rate sensor to trigger a fault within the occupant restraint controller (ORC). If this fault occurs, the rollover side curtain air bag and the seat belt pretensioner will be disabled from deploying.Chrysler will notify owners, and dealers will update the ORC software, free of charge. The recall is expected to begin June 23. Chrysler's number for this recall is T25.
Published in Compliance News
Chrysler is recalling 25,593 2014 Fiat 500L vehicles. The powertrain control module (PCM) software calibration may be incorrect, limiting the engine to idle speed and torque even when the accelerator pedal is fully pressed. Chrysler will notify owners, and dealers will update the PCM software, free of charge. The recall is expected to begin May 5. Chrysler's number for this recall is T19.    
Published in Compliance News
Wednesday, 25 January 2017 23:32

Santander Finances Fewer Chrysler Vehicles

Santander Consumer USA Holdings Inc. announced net income for the fourth quarter 2016 of $61 million.Full year 2016 net income was $766 million.Total auto originations were $4.5 billion, down 24 percent.Core retail auto originations were $2 billion, up 1 percentTotal Chrysler Capital originations were $2.5 billion, down 36 percent.
Published in Finance
Monday, 09 January 2017 20:31

Chevy, Honda, Chrysler Win Awards

The 2017 Chevrolet Bolt electric car, Honda Ridgeline pickup and Chrysler Pacifica minivan were named 2017 North American Car, Truck and Utility Vehicle of the Year, respectively.The announcement was made at the North American International Auto Show in Detroit.The Bolt electric car received 364 points from the jury of automotive journalists from across the U.S. and Canada. The Genesis G90 sedan from Hyundai's new luxury brand was second with 105, followed by the Volvo S90 sedan with 101.The Honda Ridgeline midsize pickup received 364 points to beat the Ford F-series Super Duty, 193, and Nissan Titan, 72.The Chrysler Pacifica minivan got 300 points to top the Mazda CX-9, 135, and Jaguar F-Pace, 125. The award for utility vehicle of the year is new for 2017. It includes sport utility vehicles and minivans. It was added due to surging consumer interest in SUVs, many of which compete with minivans as kid-friendly family transportation.The jury and designer Ed Welburn also presented a check for $5,000 to the Children's Hospital Foundation of Michigan. Welburn is a former design director of General Motors.
Published in Dealers
Santander Consumer USA Holdings Inc. announced net income for the third quarter of $214 million.Auto originations totaled $5.2 billion. Chrysler Capital lease originations were $1.3 billion, down 17 percent. Chrysler Capital retail originations were $1.9 billion, down 39 percent.Net finance and other interest income was $1.2 billion, down 3 percent
Published in Finance
Page 1 of 2