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Stock Market & Financial Investment News

News Breaks
April 2, 2014
09:32 EDTFIATYChrysler recalls 868K SUVs to install brake booster shield
Chrysler Group announced it will recall an estimated 867,795 SUVs to install a shield that protects their brake boosters from corrosion caused by undue water exposure. Chrysler will inspect the brake boosters on certain Jeep Grand Cherokee and Dodge Durango SUVs, model years 2011-2014. The boosters may be replaced if their capability has been reduced.Chrysler launched an investigation after receiving customer feedback about excessive brake-pedal firmness. The investigation discovered certain vehicles have brake boosters with small crimp joints; and these joints may exhibit corrosion when exposed to water. Should water enter the boosters through corroded joints a previously unseen occurrence brake function may be compromised if the water freezes. Chrysler is aware of one related accident and no injuries.
News For FIATY From The Last 14 Days
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September 2, 2014
06:43 EDTFIATYFiat-Chrysler sees New York stock market listing on October 13, Reuters reports
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August 29, 2014
06:07 EDTFIATYFiat says Chrysler merger on schedule to go ahead as intended
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August 26, 2014
06:42 EDTFIATYCCI charges automakers $420M for anti-competitive tendencies, Reuters says
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August 25, 2014
06:35 EDTFIATYFiat-Chrysler merger up against support obstacle, WSJ says
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August 22, 2014
06:54 EDTFIATYChrysler to not replace Ram steel body panels until 2020, Reuters says
Fiat's (FIATY) Chrysler is aiming to redesign its full-size Ram 1500 pickup trucks beginning in three years, but the car manufacturer has no definitive goals to follow competitors GM (GM) and Ford (F) in using aluminum body panels instead of steal until a finalized overhaul happens after 2020, according to Reuters, citing industry sources. Reference Link
August 21, 2014
13:44 EDTFIATYChrysler recalls Cherokees, Rams due to rear shock defect
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07:18 EDTFIATYChina considering new anti-trust rules for auto sector, China Daily says
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