Tesla Recalls Again — Except This Time, It's 35 Semi-Trucks
EV giant Tesla Inc (NASDAQ: TSLA) is recalling thirty-five 2023 semi-trucks, citing trouble with the parking brake. The company said in a filing with the National Highway Traffic Safety Administration that the parking brake might not engage as expected when the driver releases the brakes. This may allow the vehicle to roll away and increase the crash risk. Tesla said it would replace the parking brake valve module in affected vehicles without cost to the customer.
Ford Slams Brakes On Self-Driving Dreams By Pulling NHTSA Exemption Plea
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Ford Motor Co (NYSE: F) withdrew its petition to the National Highway Traffic Safety Administration requesting exemptions to deploy a self-driving vehicle. Ford wrote to the National Highway Traffic Safety Administration withdrawing its petition for temporary exemptions to deploy an automated driving system-equipped vehicle. Though dated February 13, NHTSA made the letter public on Thursday. In July 2021, Ford requested NHTSA for a two-year exemption from various Federal Motor Vehicle Safety Standards requirements to deploy its Level-4 automated driving system feature-equipped vehicle.
Taipei's EVA Air Orders Five Additional Boeing 787-9 Dreamliners
Boeing Co (NYSE: BA) has received an additional order for five 787-9 Dreamliners from EVA Air. The financial terms were not disclosed. Taipei-based airline EVA Air's subsequent investment in the 787 will allow the airline to reduce carbon emissions while growing its fleet sustainably. The 787-9 will provide the five-star airline with increased capacity, greater range, and 25% better fuel efficiency than earlier jets.
US Consumer Watchdog Lays Down Rules On Small Business Loan Data
The U.S. government agency for consumer financial protection, Consumer Financial Protection Bureau (CFPB), has finalized a rule regarding data collection on loans to small businesses. The CFPB said the rule would increase transparency in small business lending, promote economic development, and combat unlawful discrimination. According to the rule, lenders must collect and report information about the small business credit applications they receive, including geographic and demographic data, lending decisions, and the price of credit