Of the 23 Fiat Chrysler recalls that U.S. regulators investigated, three were so dangerous that the government invoked its most potent power: requiring the company to buy back the vehicles.
Fiat Chrysler's recall of about 1.4 million cars and trucks equipped with radios that are vulnerable to hacking is the first formal safety campaign in response to a cybersecurity threat.
Private U.S. property/casualty insurers overall profitability grew from 8.4% to 10.8%. Net income rose from $13.9 billion in the first quarter of 2014 to $18.2 billion in the first quarter of 2015.
U.S. safety investigators, who are already probing suspected flaws in automobile air bags made by Takata Corp., have opened a similar inquiry of those made by another company.
The U.S. government is determining whether charges will be brought against General Motors Co. or its employees over the handling of a faulty ignition switch, a person familiar with the investigation said.
An investigation into how Fiat Chryslers U.S. unit has been handling the recall of millions of vehicles intensified Monday as federal officials requested more documents from the automaker and scheduled a rare public hearing.
Putting technology that prevents drunk drivers from starting a vehicle into every car and truck in the U.S. could save 59,000 lives and $343 million over 15 years.