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Weekly Recap: FCA hit with record fine as NHTSA crackdown continues

The National Highway Traffic Safety Administration slapped Fiat Chrysler Automobiles with a record fine this week that could reach $105 million. The punishment comes after NHTSA found problems with the automaker's execution of 23 recalls that affect more than 11 million vehicles. The consent agreement, announced Sunday, calls for FCA to pay a $70-million cash fine and requires the company to spend at least $20 million over a three-year period on industry outreach programs and to beef up old recall campaigns. Failure to comply will result in another $15-million fine. FCA also agreed to federal oversight, which includes an independent monitor to oversee the company's recalls. The $70-million cash fine equals a penalty NHTSA levied on Honda in January. "Fiat Chrysler's pattern of poor performance put millions of its customers and the driving public at risk," NHTSA administrator Mark Rosekind said in a statement. "This action will provide relief to owners of defective vehicles, will help improve recall performance throughout the auto industry, and gives Fiat Chrysler the opportunity to embrace a proactive safety culture." FCA called the deal a "consensual resolution," but admitted that it "failed to timely provide an effective remedy" during certain recalls. "We are intent on rebuilding our relationship with NHTSA and we embrace the role of public safety advocate," the company said in a statement. The announcement kicked off a busy week for the automaker. NHTSA agreed FCA did not need to recall 4.7 million vehicles after an investigation failed to find defects with a power module used in some Jeep, Dodge, and Ram vehicles. A Georgia judge also reduced a civil verdict involving a death in a Jeep Grand Cherokee crash. Amid all of that, the company reported net profit of about 333 million euros, or $364 million in the second quarter on Thursday. OTHER NEWS & NOTES FCA ramps up Hellcat production Despite a decidedly legal and financial week for FCA, there was still time for the performance side of the business to briefly grab the spotlight. The automaker is more than doubling its production of the Dodge Challenger and Charger SRT Hellcats in response to strong demand. The order bank opens the second week of August and production begins in September. FCA will finish up its scheduled 2015 model-year Hellcat builds, and cancel any "unscheduled" versions, though customers will get discounted pricing for 2016.

Tax The Rich goes slow-mo with a Ferrari F50

What is it about slow-motion video that makes everything so much cooler? Whether it's as simple as slapshot during a hockey game or as complex as a hypercar, filming in slow motion adds a new sense of depth, technicality and beauty to the subject. That's especially true when the video in question includes a rare Ferrari F50 and the team from Tax The Rich.
One Autoblog staffer called it "mesmerizing" the first time he watched it, and we're certainly inclined to agree. The F50 has never been a very pretty car, but in this setting, it's somehow incredibly compelling, as it drifts around a corner and does donuts at an agonizingly slow pace. Scroll down for the entire video, and let us know what you think in Comments.

Ferrari 488 Spider configurator is just in time for summer

The weather is just starting to show signs of being nice enough for open-top driving, which makes it a perfect time to configure a Ferrari 488 Spider. The configurator lets you select every aspect of your future Ferrari, and that means this Prancing Horse will fully let you express your own personality. In this case, you can spec out the 488 Spider as a track monster with a plethora of carbon fiber parts, or if you want more of a grand tourer, there are options like electric seats and the choice to alter practically every part's color. Unfortunately, none of the selections come with a price, so there's no way to know how much the gold metallic paint for the brake calipers adds to the bottom line. It's fun to dream, though. Mechanically, the 488 Spider is identical to its coupe sibling. The engine is a 3.9-liter twin-turbo V8 with 661 horsepower and 560 pound-feet of torque. A seven-speed dual-clutch gearbox sends that muscle to the rear wheels. The droptop can reach 62 miles per hour in 3.2 seconds, just a few tenths off the coupe, and the Spider's top speed is 203 miles per hour. As for the final number for those who love tracking every bit of performance with a stopwatch: the roof hides away in a scant 14 seconds. Related Video: