Toyota tells owners of 50,000 cars not to drive due to Takata air bags
Check out what’s being clicked on FoxBusiness.com Toyota is asking owners of 50,000 cars not to drive their vehicles, citing problems with airbags that can cause “serious injury or death.” The airbags in the affected vehicles are “subject to an emergency airbag safety recall” because they are “involved in the Takata airbag recall,” the automaker […]
Toyota Issues Massive ‘Do Not Drive’ Advisory Over Exploding Function In Certain Models
Toyota issued a “Do Not Drive” advisory Thursday, urging owners of certain models to obtain “urgent” and immediate free safety repairs over fears of explosions. The models under the “Do Not Drive” advisory include the 2003-2004 Corolla, 2003-2004 Corolla Matrix, and model year 2004-2005 RAV4s, according to the advisory. Some 50,000 vehicles are believed to […]
Top US Automaker Reports $1.7 Billion Loss On Electric Vehicles In Fourth Quarter
General Motors reported a $1.7 billion loss on Tuesday in its fourth quarter earnings call in the production and sale of its electric vehicle line, despite having positive net income growth in the quarter. The automaker’s net income for the fourth quarter rose 5.2% year-over-year to $2.1 billion despite a reduction in revenue over that […]
TikTok Is Still Sending American User Data To Chinese Parent Company Despite $1.5 Billion Efforts: REPORT
TikTok continues to distribute data to its Beijing-based parent company ByteDance despite its purported efforts to protect American data, The Wall Street Journal reported on Tuesday. TikTok attempted to address concerns from lawmakers and public officials over its handling of Americans’ data by spending $1.5 billion on establishing an isolated unit to safeguard American data […]
Elon Musk Says Neuralink Successfully Implanted Chip Into Human Brain, Patient Now In Recovery
Elon Musk’s Neuralink has successfully implanted its first brain-chip into a human patient, the billionaire entrepreneur announced Monday on Twitter. Musk announced that the first human received the implant and the patient is making a positive recovery following the procedure. The U.S. Food and Drug Administration (FDA) authorized the company to conduct human trials in […]
GM upbeat on 2024, betting on a ‘resilient’ US economy
Check out what’s being clicked on FoxBusiness.com General Motors on Tuesday reported a decline in fourth-quarter pretax profit, but gave investors a positive outlook for 2024 and suggested more capital could be returned to shareholders. “There is a growing consensus that the U.S. economy, job market and auto sales remain resilient,” GM Chief Executive Officer […]
‘Not A Big Deal’: Rank-And-File Autoworkers Are Bucking UAW Biden Endorsement, Say They Can ‘Think For’ Themselves
Members of the United Auto Workers (UAW) told the Daily Caller News Foundation that the union leadership’s support for President Joe Biden does not factor into their opinions about the 2024 presidential election. UAW President Shawn Fain announced on Wednesday that the union was endorsing Biden in the 2024 presidential election, despite attempts by former […]
Dems’ Energy Permitting Reform Bill Includes Billions For Eco-Activist Groups
A Democrat-backed permitting reform bill unveiled in December would hand out billions in grants for eco-activist nonprofits to conduct environmental reviews on green government projects. Nonprofit organizations, localities and Native American tribes would be able to apply for $500 million in grants each fiscal year starting in 2024 through 2029, as a part of the […]
Walmart boosts compensation for superstore managers
Walter Todd, president and chief investment officer of Greenwood Capital, also joined Morning with Maria to discuss the state of the U.S. economy and mortgage rates as housing inflation continues to rise. The Wall Street Journal reports that Walmart is increasing compensation for its superstore managers with increased bonuses and stock grants, bringing total compensation […]
US Company Forced To Lay Off Hundreds After Regulators Signal Plans To Block Merger
Technology company iRobot is undergoing major layoffs after the Federal Trade Commission (FTC) and European regulators opposed its acquisition by Amazon on Monday, multiple outlets reported. Amazon had planned to acquire iRobot, which is most known for making robot vacuums, but the deal could not go through because of regulatory hurdles, according to a press […]