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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.
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December 15, 2014
13:16 EDTFIATYUAW head looking for wage hikes in new contract, Automotive News says
Veteran auto workers should get a wage increase in a new contract, while the compensation of newly hired employees should move closer to that of longer serving workers, UAW President Dennis Williams said today, according to Automotive News. Williams said he is not considering launching a strike when the auto workers' contact ends in September, the website added. Publicly traded companies in the space include Fiat S.p.A. (FIATY), Ford (F), General Motors (GM), Honda (HMC), Nissan (NSANY), Toyota (TM) and Volkswagen (VLKAY).Reference Link
06:55 EDTFIATYTakata tightening restrictions on suppliers, Reuters reports
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