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FCA just issued a recall of almost 5 million cars because they could get stuck in cruise control

2 monthes ago   |   By

Benjamin Zhang/Business Insider
FCA said on Friday it is recalling 4.8 million U.S. vehicles over a defect that could prevent drivers from deactivating cruise control.
The company said owners should not use the function until after updating the vehicle's software.
Most of the vehicles being recalled cover 2014-2018 model years.
Fiat Chrysler Automobiles NV said on Friday it is recalling 4.8 million U.S. vehicles over a defect that could prevent drivers from deactivating cruise control and warned owners not to use the function until they get software upgrades.
The Italian-American automaker...
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Fiat Chrysler Recalls 4.8 Million Cars Because Drivers 'Could Be Unable To Cancel Cruise-Control'

Fiat Chrysler Recalls 4.8 Million Cars Because Drivers 'Could Be Unable To Cancel Cruise-Control'

2 monthes ago   |   By

Fiat Chrysler announced today that it's recalling 4.8 million cars because a short circuit could cause cruise control to accelerate the vehicles without drivers being able to cancel the function. Fiat Chrysler is telling customers to stop using cruise control until the cars are fixed.
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Herbalife sinks after largest shareholder Carl Icahn cashes out a chunk of his holdings

Herbalife sinks after largest shareholder Carl Icahn cashes out a chunk of his holdings

2 monthes ago   |   By

Brendan McDermid/Reuters
Carl Icahn's firm, Icahn Enterprises, said in a filing on Friday that it was tendering up to 11.4 million Herbalife shares.
Herbalife's stock fell as much as 8% on the news, although it's still up 49% for the year.
Follow Herbalife's stock price in real-time here .
Carl Icahn is inching his way out of his Herbalife position.
The activist hedge fund billionaire's firm, Icahn Enterprises, said in a filing on Friday that it was tendering up to 11.4 million of the company's shares. That marks a roughly 25% divestiture of the 45.7 million shares the firm currently owns...
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Herbalife sinks after largest shareholder Carl Icahn cashes out a chunk of his holdings

Herbalife sinks after largest shareholder Carl Icahn cashes out a chunk of his holdings

2 monthes ago   |   By

Brendan McDermid/Reuters
Carl Icahn's firm, Icahn Enterprises, said in a filing on Friday that it was tendering up to 11.4 million Herbalife shares.
Herbalife's stock fell as much as 8% on the news, although it's still up 49% for the year.
Carl Icahn is inching his way out of his Herbalife position.
The activist hedge fund billionaire's firm, Icahn Enterprises, said in a filing on Friday that it was tendering up to 11.4 million of the company's shares. That marks a roughly 25% divestiture of the 45.7 million shares the firm currently owns, although it remains the largest shareholder. See...
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Fiat Chrysler is sliding after announcing it's recalling 4.8 million vehicles

Fiat Chrysler is sliding after announcing it's recalling 4.8 million vehicles

2 monthes ago   |   By

Chrysler
Fiat Chrysler is recalling more than 4 million US vehicles for a software upgrade to fix a problem with cruise-control.
Shares fell as much as 3% on the news.
Watch Fiat Chrysler trade in real time here.
Fiat Chrysler fell as much as 3% in pre-market trading Friday after announcing a recall to upgrade the software in its cars.
Fiat Chrysler is recalling about 4.8 million US vehicles to upgrade the software so that the cruise-control option won't be disrupted. The recalled cars will include several versions of Chrysler sedans and coupes, some Dodge SUVs, and some Ram pickup trucks...
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