Hyundai is recalling more than 31,000 vehicles due to a fuel pump failure issue, as per an email from the National Highway Traffic Safety Administration. The recall affects certain 2022-2023 Genesis GV70, GV80, G80, and G90 vehicles, with the potential ...
The Supreme Court declined Tesla CEO Elon Musk’s plea to withdraw from a settlement he reached with the Securities and Exchange Commission (SEC) in 2018 regarding a series of tweets about the car manufacturer that regulators deemed deceptive. In his ...
Grocery delivery startup Getir revealed on Monday its decision to exit international markets, including the U.K., Germany, the Netherlands, and the U.S., signaling a significant setback for the once-vaunted online grocery industry. The Istanbul-based company announced its withdrawal from the ...
On Thursday, Ford Motor CEO Jim Farley urged Wall Street to shift its focus away from Tesla and its Full Self-Driving (FSD) systems as the future of the auto industry, advocating instead for attention on Ford’s “Pro” fleet business. Farley ...
On Thursday, Wells Fargo announced that one of its principal regulators has lifted a significant penalty associated with its 2016 fake accounts scandal. The bank revealed in a statement that the Office of the Comptroller of the Currency (OCC) has ...
Late Thursday, Nike announced plans to reduce its current workforce by 2%, equating to over 1,500 jobs, as part of a broader restructuring initiative. The Oregon-based athletic wear giant aims to optimize its capital allocation to bolster investments in key ...
JetBlue Airways confirmed Friday that Carl Icahn succeeded in his bid for seats on the airline’s board of directors, following his recent disclosure of a nearly 10% stake in the New York-based carrier and discussions regarding board representation. The airline ...
Germany’s defense minister asserted on Saturday that the nation’s commitment to allocate 2% of its GDP towards defense expenditures represented merely a starting point, suggesting that additional investments would likely be necessary. Earlier the same day, German Chancellor Olaf Scholz ...
General Motors is revising its product strategy to incorporate plug-in hybrid electric vehicles (PHEVs), CEO Mary Barra announced to investors on Tuesday. While Barra did not provide specific details about the plans, she stated that PHEVs, which combine an internal ...
Gilead shares dropped over 10% on Monday after a key drug from the company failed to significantly extend the lives of patients with a certain type of lung cancer in a late-stage trial. The trial results represent a setback for ...