Ford recall of 3 million vehicles to cost $610 million
NHTSA this week ordered the automaker to issue a recall for the late-model vehicles due to potentially defective Takata airbag inflators. Ford separately disclosed it expects to record a pretax remeasurement loss of $1.5 billion in the fourth quarter.....»»
Hyundai, Kia unit settles U.S. charges it repossessed service members" vehicles
Hyundai's and Kia's American financing arm will pay $334,941 to settle charges it illegally repossessed vehicles belonging to military service members, the U.S. Department of Justice said on Wednesday......»»
U.S. could ban Chinese connected vehicles or impose restrictions, U.S. commerce secretary says
U.S. Commerce Secretary Gina Raimondo said on Wednesday the Biden administration could take an "extreme action" and ban Chinese connected vehicles or opt to impose restrictions but must first review extensive public comments......»»
Hyundai Motor plans to add hybrids to U.S. plant within current investment
Hyundai Motor Co. plans to use the investment it has already lined up for the United States to produce hybrid vehicles at its electric vehicle plant there......»»
Canada"s Steve Marshall Group enters U.S. via Hawaii, buys Ford dealerships
The second-quarter acquisition marks the British Columbia group's first dealerships in the U.S......»»
New 13-inch iPad Air will eat into iPad Pro sales
A new report predicts that sales of the new iPad Pro will be affected both by its higher price than before, and by the appeal for consumers of the lower-cost 13-inch iPad Air.New iPad Pro (source: Apple)Trendforce has previously and rather obviously.....»»
An adjuvant made in yeast could lower vaccine cost and boost availability
Vaccines save lives, as proven during the recent pandemic, but one component of most vaccines—including the Novavax COVID-19 vaccine—goes unheralded: a molecule or other compound that primes the immune system to mount a more robust defense agains.....»»
Researchers map out anatomy of wooden breast syndrome in broiler chickens
Each year, Delaware farms raise more than 240 million broiler chickens, the top agricultural commodity in the state with a $3.5 billion impact on the state's economy......»»
Walking in African cities can be a miserable experience: Study shows planners ignore needs of pedestrians
African cities aren't welcoming places for pedestrians. Yet walking is free and, given the shortage of decent public transport, it's often the only way for people to move around. More than 70% of Africa's urban population of about 609 million walk da.....»»
GM takes new approach, new name with fleet business
GM is seeing significant growth in sales of vehicles and accompanying services by creating a new one-stop fleet unit aimed at helping business customers operate more efficiently......»»
In Tesla Autopilot probe, U.S. prosecutors focus on securities, wire fraud
U.S. prosecutors are examining whether Tesla committed securities or wire fraud by misleading investors and consumers about its electric vehicles’ self-driving capabilities, three people familiar with the matter told Reuters. .....»»
Stella Automotive AI raises VC from Reynolds and Reynolds, dealerships
Stella, which makes automotive artificial intelligence technology for dealerships, secured $19.7 million......»»
Discovery of ancient Glaswegian shrimp fossil reveals new species
A short but robust little shrimp may have died out over 330 million years ago during the Carboniferous period, but the rare Scottish shellfish has been revitalized as a new species to science and as a Glaswegian......»»
Sling TV slips below 2 million subscribers, and it seems OK with that
Sling TV's owners are focusing on getting fewer subscribers to pay more, rather than worrying about growing the streaming TV service......»»
US restorationist solves 60-million-year-old dinosaur fossil "puzzles"
Before a T. rex can tower over museum visitors or a Triceratops can show off its huge horns, dinosaur fossils must first be painstakingly reconstructed—cleaned, fit together and even painted......»»
Forgepoint Capital boosts Nudge Security’s seed round
Nudge Security announced new funding from Forgepoint Capital, which joins Ballistic Ventures in bringing the fast-growing startup’s seed funding to $16.5 million. Forgepoint Co-Founder and Managing Director Alberto Yépez will join the Nudge Securi.....»»
Rivian"s Q1 net loss widens to $1.45B as Illinois plant retools for lower-cost EVs
CEO RJ Scaringe said Rivian had successfully retooled its Normal factory with new robots and new parts suppliers to cut costs and increase line speed. He declined to comment on reported talks with Apple Inc......»»
Rivian"s Q1 net loss widens to $1.45 billion as revenue nearly doubles to $1.2 billion
Rivian's first-quarter deliveries surged 71 percent to 13,588 while production rose 48 percent to 13,980. Rivian expects to build 57,000 vehicles this year, about the same as last year......»»
Register now for the Automotive News Leading Women Conference
The May 21 event features Ford Motor Co.'s Lisa Drake and Hyundai Motor America's Tia Battle as keynote speakers......»»
How suppliers are tackling four challenging legal and regulatory issues
Suppliers, dealing with a bumpy transition to electric vehicles, new regulations and rocky relationships with some of their customers, are turning to their lawyers to help them navigate issues related to contracts with automakers......»»
Why legal changes aimed at preventing frivolous litigation motivate firms to avoid recalling products
Researchers from University of Adelaide and University of Danang have published a new Journal of Marketing study that examines Universal Demand laws and the unintended consequence of firms becoming less likely to recall products......»»