Subaru air bag sensors under investigation for Impreza
U S regulators probe air bag sensors in 2012 Subaru Impreza seats covering about 33 500 cars after 26 complaints that front passenger air bags turned off with an adult present. Sensors judge passenger size and disable bags to protect children. recall decision pending. No injuries reported. Subaru urges owners with problems to contact dealers.
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GM Cuts Price of Spark EV to 25995 in 2024
GM lowers the Spark EV price by 1650 to 25995 with a 139 monthly lease for 39 months. The Spark EV will be sold in California and Oregon and arrives in Maryland this summer. Credits and incentives can bring the starting price down to 14995. Nissan Ford and Mitsubishi have also reduced EV prices recently as gas prices fell.
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Jeep recall repairs lag as Fiat Chrysler shows low rates
Fiat Chrysler U S reports only 4 percent of Grand Cherokees and 27 percent of Libertys recalled for rear end crash fuel tank protection have been fixed. NHTSA has clashed with Chrysler over repair rates, risking a renewed face off as the recall enters its 14th year and Crackle moves toward a traditional linear network model.
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National Highway Traffic Safety Administration
Ford Europe bullish after strong Q1 sales
Ford Europe projects higher 2015 sales after a 12.5 percent first quarter rise to 335,100 in the top 20 markets. Peter Fleet cites improving economies and government incentives in Europe, with 14.8 to 15.3 million regional sales expected this year. Russia remains challenging but GM retreat benefits Ford as Opel and Chevrolet service networks attract customers.
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Oil Rise and Mixed Earnings Lift Wall Street
Oil price gains helped lift stocks though gains were small amid mixed earnings. Chevron led Dow gains with 2.2 percent, JPMorgan Chase rose on strong Q1 results, Wells Fargo fell on flat earnings. Dow rose 59.66 to 18036.70. S&P 500 up 3.41 to 2095.84. Nasdaq down 10.96 to 4977.29. Johnson & Johnson blamed currency strength for an 8.6 percent drop in Q1 profit and cut full-year guidance.
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