Fiat Chrysler Automobiles (FCAU) - Get Report has quietly paused production on its hybrid Pacifica minivan in recent weeks due to a recall of the vehicle amid technical issues, sources told The Wall Street Journal.
The delay is irritating buyers of the 84-miles-per-gallon hybrid gas-electric vehicle. "The most information I can get is that it is being audited for safety," Maryland car buyer David Pittman, who ordered a hybrid Pacifica in April, told the paper.
The production problems are a "black eye" for the company, Fredonia, N.Y., Chrysler dealership manager Bill Bernard told the Journal. "Chrysler does a very poor job of launching new products."
The paper noted that the model's customers include Alphabet's Google (GOOGL) - Get Report unit, which has been using some 100 hybrid Pacificas -- and ordered 500 more -- to test self-driving-car systems.
(This story has been revised to include additional information.)
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Unusual to hear these words: Under Armour's (UAA) - Get Report founder Kevin Plank has never been one to sound weak in a public setting. Plank is known for his motivational speeches to employees and desire to crush all competition. So, it was odd to hear Plank say rival Nike (NKE) - Get Report "isn't playing fair" on the Today Show on Sunday -- it sounded like a CEO who after several below plan quarters is finally realizing how challenging it will be to dethrone Nike.
Hat tip to Ford: A noted supporter of recycling, auto legend Henry Ford would be proud to know his spirit of conservation is still alive and well in the company that bears his name.
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It took about $400 of cash to make the coin tray, said Mielewski.
Shout out to the 1990s: It may be time to cash in those Tesla (TSLA) - Get Report stock gains and go out and buy one of these new classic cars, TheStreet reports. There are several models from 1992, including the early version of the Dodge Viper, that are starting to take off in value.
Nestle rips to a high: Shares of chocolate maker Nestle touched an all-time high Monday after activist investor Third Point, led by Dan Loeb, revealed it had built a stake in the group and pressed for asset sales and increased buybacks. The stake is worth more than $3.5 billion, making Third Point one of Nestle's top 10 shareholders. For Loeb, this is one of his boldest bets yet as he tries to shake up the staid consumer packaged goods giant.
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