Porsche picks new r&d chief as suspended Hatz quits

UPDATED: 5/3/16 10:15 am ET - adds statement

Porsche AG's supervisory board has appointed Michael Steiner as new head of r&d, replacing Wolfgang Hatz who will leave the sports-car maker at his own request.

Nissan will recall 3.53 million vehicles because airbags may not deploy
UPDATED: 4/29/16 3:04 pm ET - adds details

Nissan said it is recalling 3.53 million vehicles worldwide because passenger-side airbags may not work properly because vehicle sensors may

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