Toyota Motor Corp., the world’s largest automaker, expanded a 14-month-old recall of more than 2 million vehicles for faulty air bags after supplier Takata Corp. told customers further fixes may be needed.
Takata Corp., the Japanese auto- parts maker whose air bags led to the recall of more than 3 million vehicles last year, told customers including Honda Motor Co. that the defective components may need to be fixed again.
Global aluminum-sheet use in auto bodies will climb five-fold by 2020 as car manufacturers seek lightweight material to improve fuel economy, said Derek Prichett, a vice president of global recycling at Novelis Inc.
Hertz Global Holdings Inc., the car- and equipment-rental company that’s splitting in two, tumbled the most in seven months after saying it needs to fix three years of accounting and that quarterly results won’t meet consensus estimates on weak car-rental revenue.
General Motors Co. posted its best month of U.S. auto sales since before the collapse of Lehman Brothers, joining other automakers reporting deliveries in May that exceeded analysts’ estimates on demand for pickups and sport-utility vehicles.
Canada’s central bank will probably signal today it’s staying focused on a weak economy that’s restraining price increases for most goods rather than surging energy costs that it regards as transitory.
President Barack Obama’s decision to propose tougher limits on power-plant emissions poses a threat to Democrats amid the coal-rich mountainsides of Kentucky and to his party’s efforts to keep control of the U.S. Senate.