Auto industry evolution inspires new direction at seating supplier Adient
It’s no longer about growing market share at all costs, or winning every contract no matter the value proposition, Adient CEO Doug Del Grosso says.
NHTSA opens probe into fatal fire in 2009 Dodge Journey
A possible electrical issue in 2009 Dodge Journey may have resulted in the death of a woman who became trapped in her vehicle while it burned in December.
Lyft concerns Wall Street with margin sacrifice in race with Uber
Lyft gave a disappointing adjusted core earnings forecast for the second quarter on Thursday as efforts to add more riders with price cuts take a toll on profitability.
Lawmakers vote to kill Enterprise Florida agency
TALLAHASSEE — After the Senate made changes, the Florida House on Thursday approved a plan to close the Enterprise Florida business-recruitment agency.
The House unanimously passed the revised bill (HB 5), shortly after the Senate voted 36-1 to approve the measure. Sen. Tracie Davis, D-Jacksonville, cast the dissenting vote.
House Speaker Paul Renner, R-Palm Coast, congratulated House bill sponsor Tiffany Esposito, R-Fort Myers, and noted that he tried to pass similar legislation in the past.
“I didn’t get it done, but you did. So, congratulations on putting our tax dollars in the right place,” Renner said.
The measure, which is ready to go to Gov. Ron DeSantis, would fold more than 20 programs from the public-private Enterprise Florida into the Department of Economic Opportunity, which would be renamed the Department of Commerce.
The Florida Sports Foundation and Visit Florida would become direct-service organizations of the department. The measure also would repeal the Office of Film and Entertainment.
Lucid faces tough Q1 earnings questions after sluggish sales
EV startup Lucid faces lower demand for its sole vehicle, the Air sedan, and its first crossover won’t come until 2024. Meanwhile, Lucid is burning through cash.