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Stock Market & Financial Investment News

News Breaks
July 22, 2014
16:26 EDTFIATYChrysler recalling older-model SUVs over ignition switch concerns
Chrysler Group announced it will recall an undetermined number of older-model SUVs in connection with an investigation of ignition-switch performance. "Engineers are working to develop a remedy and Chrysler is committing now to conduct a recall out of an abundance of caution. Chrysler Group is unaware of any related injuries. The Company is aware of a single reported accident and a relatively small number of complaints involving 0.015% of the subject vehicle population," the company said. Preliminary investigation suggests an outside force, usually attributed to contact with the driver’s knee, may move ignition keys from the “on” position in certain model-year 2006-2007 Jeep Commander and 2005-2007 Jeep Grand Cherokee SUVs. The precise number of affected vehicles will be determined by the investigation. Approximately 792,300 are implicated – 649,900 in the U.S.; 28,800 in Canada; 12,800 in Mexico and 100,800 outside of the NAFTA region. The Commander is no longer in production and the Grand Cherokee has since been completely redesigned; newer models are not subject to the recall.
News For FIATY From The Last 14 Days
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October 16, 2014
08:06 EDTFIATYAlmunia says political pressure around Google case 'unprecented,' WSJ reports
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06:34 EDTFIATYChina to punish automakers that miss fuel standards, Reuters reports
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October 13, 2014
06:44 EDTFIATYRegulators seeking banks' auto loan data, Reuters reports
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