(CBS NEWS) Fiat Chrysler is preparing to pay a record fine of $105 million, the largest ever imposed by the National Highway Traffic Safety Administration, for mishandling safety recalls on millions of vehicles.
The settlement also forces the car maker to repurchase more than half a million Ram pickup trucks built between 2008 and 2012 because defective steering parts can cause them to lose control. It's one of their best-selling vehicles, reports CBS News' Kris Van Cleave.
Transportation Secretary Anthony Foxx said the penalty should push Fiat Chrysler to getting the vehicles off the road.
Advertisement - story continues below