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Stock Market & Financial Investment News

News Breaks
July 28, 2014
10:38 EDTFIATYChrysler recalls 643,618 cars due to potential ignition switch defect
Chrysler, a unit of Fiat, announced that it is recalling 643,818 cars due to a potential ignition switch defect. This defect can affect the safe operation of the airbag system. Until this recall is performed, drivers should adjust their seat to allow clearance between the driver's knee and the ignition key, and remove all items from their key ring, leaving only the vehicle key. Chrysler is recalling certain model year 2005-2007 Jeep Grand Cherokee vehicles manufactured February 11, 2004, to July 5, 2007, and 2006-2007 Jeep Commander vehicles manufactured January 31, 2005, to July 5, 2007. In the affected vehicles, the driver may accidentally hit the ignition key with their knee, unintentionally knocking the key out of the run position, turning off the engine. the ignition key inadvertently moves into the "off" or "accessory" position, the engine will turn off, which will then depower various key safety systems including but not limited to air bags, power steering, and power braking. Loss of functionality of these systems may increase the risk of crash and/or increase the risk of injury in the event of a crash. Chrysler will notify owners in September. The remedy for this recall is still under development. Reference Link
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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October 8, 2014
06:37 EDTFIATYFiat head aims to step down from post after 2018, Bloomberg says
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06:34 EDTFIATYFiat boss expects Chrysler deal to make new No.1 vehicle maker, Bloomberg says
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