Wonder if this will bankrupt them?
500,000 eligible vehicles
100,000 - guesstimated number of owners who are financially able to take advantage of the buy back. (1)
$10,000 - guresstimated cost to Chrysler per vehicle to resell to wholesalers to sell in other countries.
100,000 * $10,000 = $1,000,000,000. Treated as an expense, so Chrysler gets to reduce taxable income by this amount, reducing the total amount substantially.
Not going to bankrupt the company.
(1) If tens of thousands of RAM owners are suddenly out buying new or late model used trucks, the price of all brands of trucks will go up. With heavy demand, discounts might be hard to come by. Of course this won't be factored into the depreciated value of the old truck.
I doubt that 100,000 owners will take advantage of the offer once they find out how much they get for their truck, and how much a replacement will cost, and how hard it will be to even find a replacement.
But if you're thinking about buying a truck, now might be the time to do so, before prices go up and selection goes down.
What is it that is wrong with the suspension? Does it cause incorrect wear on the fronts?
Summary: Chrysler Group LLC (Chrysler) is recalling certain model year 2008-2012 RAM 2500 4X4 and 3500 4X4 trucks, 2008-2012 Dodge RAM 3500 4x2 Cab Chassis, and model year 2008 Dodge RAM 1500 Mega Cab 4x4. The left tie rod assembly may break.
Consequence: A failure of the tie rod assembly may result in a loss of steering control, increasing the risk of a crash.
Fix: Chrysler notified owners in January 2014. On or about February 27, 2014, Chrysler ceased its recall remedy program due to parts quality concerns, and then re-initiated it on or about April 14, 2014. Vehicles will be inspected to determine if they require repair. The repair involves replacement of the steering linkage assembly. Owners may contact Chrysler at 1-800-247-9753. Chrysler's recall campaign number is N49
Its a tie rod end design problem.
My 2004 Ram 3500 was listed as being on the previous recall, and I had gone to the independent tire store with front end pulling, and was told the problem was the tie rod end. I immediately drove to the nearby Dodge dealer, and a service writer crawled under the front end of my truck and told me that my truck was not on the recall. It turns out Chrysler had 2 designs for this part - 1 all 1 piece with the ball joint pressed in; and 1 - 2 part with the ball joint connected to the rest of the rod with a few U-clamps (like muffler clamps). The U clamp type tie rod end is the recalled part (Guess why). I went back to the tire shop, and they got a new tie rod end from NAPA for about $125 (as I remember).
I am still waiting for parts to be made for the air bag recall.
500,000 eligible vehicles
100,000 - guesstimated number of owners who are financially able to take advantage of the buy back. (1)
$10,000 - guresstimated cost to Chrysler per vehicle to resell to wholesalers to sell in other countries.
100,000 * $10,000 = $1,000,000,000. Treated as an expense, so Chrysler gets to reduce taxable income by this amount, reducing the total amount substantially.
Not going to bankrupt the company.
(1) If tens of thousands of RAM owners are suddenly out buying new or late model used trucks, the price of all brands of trucks will go up. With heavy demand, discounts might be hard to come by. Of course this won't be factored into the depreciated value of the old truck.
I doubt that 100,000 owners will take advantage of the offer once they find out how much they get for their truck, and how much a replacement will cost, and how hard it will be to even find a replacement.
But if you're thinking about buying a truck, now might be the time to do so, before prices go up and selection goes down.
500,000 eligible vehicles
100,000 - guesstimated number of owners who are financially able to take advantage of the buy back. (1)
$10,000 - guresstimated cost to Chrysler per vehicle to resell to wholesalers to sell in other countries.
100,000 * $10,000 = $1,000,000,000. Treated as an expense, so Chrysler gets to reduce taxable income by this amount, reducing the total amount substantially.
Not going to bankrupt the company.
(1) If tens of thousands of RAM owners are suddenly out buying new or late model used trucks, the price of all brands of trucks will go up. With heavy demand, discounts might be hard to come by. Of course this won't be factored into the depreciated value of the old truck.
I doubt that 100,000 owners will take advantage of the offer once they find out how much they get for their truck, and how much a replacement will cost, and how hard it will be to even find a replacement.
But if you're thinking about buying a truck, now might be the time to do so, before prices go up and selection goes down.