Monday, November 30, 2020

These Are the 10 Worst Cars of 2016

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You may want to avoid these models.

Trying to steer clear of the clunkers lurking at your local wheels dealership? Then you may wish to avoid these autos.

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Out of the all the latest models, these cars ranked lowest in their respective categories, according to Consumer Reports. The product reviewer’s leaderboard—or loser-board, in this case—grades the 10 types of vehicles based on several metrics, including road testing, reliability, owner satisfaction, and safety scores.

Each of the following—sedans, trucks, an

d SUVs ranging from Mitsubishi MSBHY -1.16% to Daimler’s DDAIF -1.81% Mercedes-Benz—weren’t up to sn

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uff, byConsumer Reports measure. The list of “lemons” spans Ford F -2.75% to Fiat Chrysler FCAU -2.49% , and General Motors GM -3.88% to Tata’s TTM -3.63% Land Rovers.

“In other words,” writes Consumer Reports, clarifying its anti-endorsements, “every other model in those categories is a better choice.” Ouch.

For the glass-half-full lot however, consider that these models are at least likely to be sticker price negotiable.

Investors had wiped $14.3 billion off the South Korean giant’s market cap.

Samsung Electronics’ SSNLF 2.46% shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries.




Investors had wiped 15.9 trillion won ($14.3 billion) off the South Korean firm’s market capitalization as of 03:03 GMT, as a series of warnings from regulators and airlines around the world raised fears for the future of the flagship device.

“Some said initially the Galaxy Note 7 could be the best smartphone ever, but now it’s possible the phone will go down as the worst ever,” IBK Securities analyst Lee Seung-woo said, predicting weak sales in the fourth quarter.

Samsung Electronics’ common shares were down 6.3% to 1,476,000 won each after touching their lowest level since July 12, and were on track for their biggest daily percentage drop in more than four years.

Analysts said the recall could torpedo Galaxy Note 7 sales and have a lasting impact on the $211 billion company’s brand image, which could derail a recovery in its smartphone market share against rivals like Apple AAPL -2.12% .

The global smartphone leader on Saturday urged all customers to turn off their Note 7s and return them as soon as possible as part of the recall which it voluntarily initiated on Sept. 2.

Investors had wiped $14.3 billion off the South Korean giant’s market cap.

Samsung Electronics’ SSNLF 2.46% shares fell to their lowest level in nearly two months on Monday after the tech giant told customers to switch off and return their new Galaxy Note 7 smartphones due to fire-prone batteries.

Investors had wiped 15.9 trillion won ($14.3 billion) off the South Korean firm’s market capitalization as of 03:03 GMT, as a series of warnings from regulators and airlines around the world raised fears for the future of the flagship device.

“Some said initially the Galaxy Note 7 could be the best smartphone ever, but now it’s possible the phone will go down as the worst ever,” IBK Securities analyst Lee Seung-woo said, predicting weak sales in the fourth quarter.

Samsung Electronics’ common shares were down 6.3% to 1,476,000 won each after touching their lowest level since July 12, and were on track for their biggest daily percentage drop in more than four years.

Analysts said the recall could torpedo Galaxy Note 7 sales and have a lasting impact on the $211 billion company’s brand image, which could derail a recovery in its smartphone market share against rivals like Apple AAPL -2.12% .




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