Business News - part 5
BUSINESS May 21, 2015 | 12:48 PM
- Many people think they can use their phones safely
- Distracted driving causes 10% of fatal crashes
- AT&T to expand “It Can Wait” campaign
Research conducted by AT&T shows 70% of smartphone owners use their device while driving and 62% keep their phone within arm’s reach.
The majority of users were texting or reading emails while the rest were on the Internet, posting on social media, taking selfies, shooting videos or in a video chat. Twenty-seven percent believed they could engage in these activities safely.Read more »
BUSINESS May 20, 2015 | 1:48 PM
- Takata bends to safety regulators pressure and recalls 34 million vehicles
- Company has been fined $1.2 million to date
- Takata may find it difficult to raise more funds in the future
Japanese airbag manufacturer Takata Corp. has given into pressure and recalled airbags used in 34 million vehicles sold in the U.S. and admitted there is a glitch in the airbags’ propulsion systems.
There have been six deaths and 100 injuries, 10 serious, related to the glitch which causes airbags to deploy too forcefully, sending shrapnel into the passenger compartment. Takata said moisture seeping into inflators, which were improperly sealed, was to blame.Read more »
BUSINESS May 19, 2015 | 1:13 PM
- Deal expected to close in third quarter
- Elektrobit cancels plans to demerge electronics unit
- New auto technology increasing activity in the market
German auto-part supplier Continental AG, Europe’s second-largest tires and car-parts manufacturer, has agreed to purchase German-based Elektrobit Automotive GmbH, a division of Finland’s Elektrobit Corp., for $677.5 million in cash as part of a strategy to increase annual revenue by 45% in five years.
Elektrobit manufactures car software and radio systems.Read more »
BUSINESS May 18, 2015 | 2:43 PM
- Pilot, the car’s inventor, not seriously injured in crash
- Many companies say first flying car will be ready in 2017
- Flying-car companies face many obstacles
The AeroMobil 3.0 prototype flying car crashed in Slovakia, illustrating the issues facing flying-car companies.
Stefan Klein, the flying car’s inventor and its pilot, parachuted from the vehicle and was not seriously injured.Read more »
BUSINESS May 14, 2015 | 1:13 PM
- 59-year-old facility will be repaired
- 2,600 new jobs will be added
- Honda expands Takata airbag recall
General Motors Co. plans to invest $1 billion to update its aging technology center in Warren, Michigan, outside Detroit, as part of the company’s plan to invest in product programs and facility upgrades.
The 59-year-old center, called the GM Tech Center, is the location of many GM design and engineering jobs. It is located on 710 acres and includes 38 buildings.Read more »
BUSINESS May 13, 2015 | 12:50 PM
- Toyota and Nissan recall dozens of models
- Honda likely to also issue a recall
- Test being conducted on Takata airbags
Japanese automakers Toyota Motor Corp. and Nissan Motor Co. are recalling 6.5 million more vehicles, manufactured between March 2003 and November 2007, equipped with airbags manufactured by Japan’s Takata Corp.
The airbags have inflators that might not work in a crash. The inflators are affected by moisture because they were not properly sealed. There have been no injuries and the recall is a precaution.Read more »
BUSINESS May 12, 2015 | 12:44 PM
- Test simulates collision with object
- Dodge Journey had worst rating
- Automakers use crash tests to improve safety features
Many drivers have the perception that SUVs are safer than passenger cars. However, a test of seven crossovers by the Insurance Institute for Highway Safety, a nonprofit funded by the auto insurance industry, proves that larger may not be better.
The test simulates what happens when more than a quarter of a vehicle’s front corner hits a 5- foot-tall object at 40 miles per hour. This type of crash has the highest rate of fatalities or serious injury at 25%.Read more »
BUSINESS May 11, 2015 | 12:16 PM
- Plant to help Volvo reach production goals
- Company must restore wetlands
- South Caroline incentives helped Volvo make a decision
Swedish automaker Volvo is investing $500 million to build a plant in South Carolina, its first U.S. factory.
The plant will be built this fall and will eventually reach a 100,000-vehicle capacity. Vehicles will be produced for export and U.S. sales. The first vehicles to roll off the line are expected in 2018.Read more »
BUSINESS May 7, 2015 | 2:39 PM
- Truck granted Nevada license plate
- Autonomous systems would cut down on common driver issues
- Public, industry have concerns over autonomous vehicles
Daimler Trucks North America is testing an autonomous big rig truck in Los Vegas called the Freight-liner Inspiration.
Nevada issued the truck a license plate, and it was debuted at a Las Vegas Motor Speedway event.Read more »
BUSINESS May 6, 2015 | 1:27 PM
- Companies produce tie rods for six-ton vehicles
- Approval means only two companies will compete in tie-rod market
- Companies must agree to certain terms
The U.S. Federal Trade Commission has approved the $12.4 billion merger between auto-parts companies, ZF Friedrichshafen AG and TRW Automotive Holdings Corp.
Once the merger is complete, the combined company will become the world's second-largest auto-parts manufacturer behind Robert Bosch GmbH. It also will be one of two remaining companies in North America that manufacture tie rods for vehicles weighing more than six tons.Read more »