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News Summary: Chrysler agrees to recall 2.7M Jeeps

The Associated Press

CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall them. But it says it realizes customers are worried.

THE ISSUE: The recall covers the 1993-2004 model Grand Cherokee and 2002-2007 model Liberty. The vehicles have gas tanks behind the rear axle, which the government says puts them at risk of a fire after a rear-impact crash.

THE FIX: Chrysler will install trailer hitches on vehicles without them for greater protection. The company will start notifying owners of the recall in about a month.