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Friday, July 11, 2014

Chrysler to recall 900,000 SUVs to fix mirror wiring, (NYSE: F)

Chrysler Group LLC will recall about 900,000 sport utility vehicles (SUVs), its largest recall this year, weeks before a shareholder meeting called by its parent Fiat SpA to seek approval for their merger.Chrysler said some 2011-2014 models of Jeep Grand Cherokee and Dodge Durango would be recalled to fix the wiring for vanity mirror lights in sun visors to prevent short circuits and fire. ( including General Motors Co and Ford Motor Co have been struggling with a host of issues in their vehicles, recalling more than 25 million vehicles in the United States this year until June 23.The latest recall is Chrysler's second big recall in two weeks, with the company announcing on June 30 an expanded recall of 695,957 more vehicles over an ignition switch problem in North America.

Ford Motor Company (Ford) is a producer of automobiles. Shares of F traded higher by 0.92% or $0.16/share to $17.46. In the past year, the shares have traded as low as $14.40 and as high as $18.02. On average, 25497000 shares of F exchange hands on a given day and today's volume is recorded at 11183269.