Ultra-fab Chock & Lock Xl 21-001080 on 2040-parts.com

Tesla recalls Roadster for short in power cable, fire risk

Tesla Motors is recalling its electric Roadster 2.0 and 2.5 models because a power cable may short and catch fire. The 12-volt cable, located behind the right-front headlight, could rub against the carbon-fiber paneling causing the cable to short, begin smoking and possibly catch fire, Tesla said. The cable is part of a backup system that powers the headlights, taillights, turn signals and airbags if the primary 12-volt cable fails.

Chrysler CEO vows never to repeat mistakes from Cherokee launch

Chrysler Group CEO Sergio Marchionne acknowledged mistakes in the way the company developed and launched the 2014 Jeep Cherokee, and vowed to never repeat them. "What we've learned is that we'll never repeat it. We're never going to take a plant down and be out of the market for over a year," Marchionne told analysts in a conference call today.

Some secured lenders object to quick sale of Chrysler

A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.