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Chrysler announces minivan recall for bearing and hub problem

The Chrysler Group is voluntarily recalling a small number of 2012 Chrysler Town & Country and Dodge Caravan minivans. The company says that some vehicles might be equipped with hub and bearing assemblies that were not fully machined, which could make them less durable. If the parts fail wheel separation could occur, possibly leading to a crash.

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.

Chrysler recalls minivans for airbag fix

The Chrysler Group is recalling about 300,000 Chrysler Town & Country and Dodge Grand Caravan minivans to fix airbags that might deploy without warning. The recall covers vans built for the 2008 model year. Chrysler says water could leak into the airbag controller from a faulty drain grommet in the ventilation system.