FIAT CHRYSLER RECALLS 50,000 SMALL SUVS OVER ENGINE SENSORS
Fiat Chrysler is recalling nearly 50,000 small SUVs worldwide because the engines could stall while being driven.
The recall covers the Dodge Journey and Jeep Compass and Patriot from the 2016 model year. All have 2-liter or 2.4liter four-cylinder engines. The company says a sensor connector in the engine can malfunction. That can cause the SUVs to either stall or fail to start.
Fiat Chrysler says it doesn’t know of any crashes due to the problem.
Deutsche and Credit Suisse to compensate consumers post-crisis.
Two European banks have agreed to offer American homeowners and borrowers billions of dollars’ worth of help under a settlement related to the sale of risky securities that helped spark the 2008 financial crisis.
Deutsche Bank and Credit Suisse said Friday they agreed to the tentative settlements with the U.S. Justice Department over their dealings in mortgagebacked bonds.
Deutsche Bank, Germany’s biggest, agreed to pay $7.2 billion — $3.1 billion in fines and $4.1 billion in consumer relief. That relief could include easier terms on loan repayments for homeowners and borrowers. Credit Suisse agreed to a similar settlement under which it would pay $5.3 billion, including $2.8 billion in consumer relief.
Another Trump tweet jab, again in the defense sector. Shares of Boeing
and Lockheed Martin slipped in early trading Friday after a tweet from president-elect Donald Trump appeared to pit the two giants in the defense industry against each other to lower prices for government contracts. Lockheed Martin’s stock declined 1.3 percent to close at $249.59. The Associated Press