S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68
S&P 500   3,901.36
DOW   31,261.90
QQQ   288.68

Nissan recalls 793K Rogues; wiring trouble raises fire risk

Wednesday, January 26, 2022 | The Associated Press


In this Wednesday, Feb. 8, 2012, file photo, the logo of the Nissan Motors Co. is shown a showroom in Tokyo's Ginza shopping district. Nissan is recalling more than 793,000 small SUVs in the U.S. and Canada, Wednesday, Jan. 26, 2022, because water can get into wiring and in rare cases could start a fire. The recall covers Nissan Rogue SUVs from the 2014 through 2016 model years. (AP Photo/Shizuo Kambayashi, File)

DETROIT (AP) — Nissan is recalling more than 793,000 small SUVs in the U.S. and Canada because water can get into wiring which, in rare cases, could start a fire.

The recall covers Nissan Rogue SUVs from the 2014 through 2016 model years. The Rogue is Nissan’s top-selling vehicle in the U.S.

The U.S. National Highway Traffic Safety Administration says in a documents that water and salt can enter a wiring connector in the driver’s foot well, causing corrosion.

The corrosion can disable the driver’s power window or power seat, cause the all-wheel-drive warning light to come on, or drain the battery. Government documents posted Wednesday say Nissan has seven reports of fires or “thermal incidents.” The company says it has no reports of injuries.

Nissan says owners whose vehicles have the symptoms, smell a burning odor or see smoke should park outdoors and call Nissan Roadside Assistance to have the vehicles towed to a dealer.

The recall came after Canadian safety regulators opened an investigation in July of 2020.

Nissan says it’s working on a fix and expects to have one in the spring. Owners will get an interim notification letter in March and will be told later when to take their Rogues to a dealer for service.


7 Transportation Stocks That Can Keep Your Portfolio Moving Forward

The supply chain disruptions due to the unprecedented supply and demand imbalance brought on by the Covid-19 pandemic.  Transportation and logistics stocks have been in the news. This sector includes a variety of companies ranging from trucking and railroad companies to companies involved in last-mile delivery to airlines and rental cars that allow for travel and leisure.

This sector has been highly volatile. But if you've been invested in transportation stocks, you've done pretty well. The Dow Transportation Average (DTA) is up 5% in the last 12 months. However, as recently as November, the index was up more than 14%. And you would have done even better with a selection of individual stocks.

We expect that this section will continue to be volatile in 2022. However, as is the case with many sectors, some companies are better positioned than others. And that's the focus of this special presentation. We give you seven transportation stocks that are likely to outperform the sector in 2022.



View the "7 Transportation Stocks That Can Keep Your Portfolio Moving Forward".


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