Industry News
Toyota Motor Corp. outlined plans to invest $1 billion to increase vehicle output at its plants in two states, the latest tranche of a broader spending commitment of as much as $10 billion in the U.S. over the next five …
Via: Claims Journal
Berkshire Hathaway Inc. will invest 287.4 billion yen ($1.8 billion) in insurer Tokio Marine Holdings Inc., ramping up the U.S. conglomerate’s exposure to the Japanese market. National Indemnity Company, a subsidiary of Berkshire, will make a 2.49% strategic investment in …
Via: Claims Journal
South Korea’s transport ministry announced on Tuesday the recall of 58,000 Hyundai Motor Palisade hybrid sport utility vehicles nationwide over safety concerns, following a fatal accident in the United States earlier this month. Hyundai stopped sales of some high-end versions …
Via: Claims Journal
DoorDash Inc. is paying delivery couriers in some markets to submit video clips and complete other digital tasks to help improve artificial intelligence and robotics models, following competitors that have found creative new uses for gig workers in the AI …
Via: Claims Journal
The U.S. auto safety regulator on Friday rejected a petition seeking a sweeping recall of about 2.26 million Tesla vehicles, saying it had found no evidence of a safety-related defect. The decision removes the immediate risk of a large-scale recall …
Via: Claims Journal
Environmentalists suffered a setback on Monday when Germany’s top appeals court threw out their cases seeking to ban Mercedes-Benz and BMW from selling new combustion-engine cars from November 2030. The federal court of justice in Karlsruhe upheld lower court rulings …
Via: Claims Journal
The U.S. Supreme Court cleared the way for a multibillion-dollar racketeering lawsuit that accuses Takeda Pharmaceutical Co. and Eli Lilly & Co. of marketing the Actos diabetes drug without disclosing its link to bladder cancer. In a one-line order Monday, …
Via: Claims Journal
Nearly 9.5 million people across the U.S. Southwest face extreme high temperatures, as an ongoing heat wave continues to topple records and raise the risk of wildfires as far away as the Great Plains. Las Vegas reached 96F (36C) Saturday, …
Via: Claims Journal
Florida’s $833 million My Safe Florida Home mitigation program is as popular as ever, providing grants for homeowners to harden their homes and install new roofs. But it’s wasteful, is a tax-dollar giveaway, and has some glaring issues that do …
Via: Claims Journal
A Philadelphia man has been charged for his alleged role in a vehicle title-washing scheme involving dozens of stolen luxury vehicles valued at nearly $4 million, according to state police and prosecutors. Pennsylvania Attorney General Dave Sunday said an investigation …
Via: Claims Journal