FIAT CHRYSLER RE­CALLS 50,000 SMALL SUVS OVER EN­GINE SEN­SORS

The Denver Post - - BUSINESS -

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

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.