Hyundai's U.S. EV factory cost grows to $7.59B
Hyundai Motor Group and battery partner LG Energy Solution’s joint venture is increasing the total investment into the electric vehicle and battery complex near Savannah, Ga., to $7.59 billion.
UAW accusations against GM, Stellantis have few precedents
The last known charge of unfair labor practices filed by or against the Detroit 3 was in 1998. The UAW also made such a claim against GM during the 1937 Flint sit-down strike.
Amid ESPN blackout on Spectrum, company says cable TV isn’t working
Amid a battle with Disney over ESPN and other channels, one of the biggest cable companies in the United States has a message for media companies: The traditional cable-TV model is broken, and it needs to be fixed or abandoned.
Cable TV is too expensive for consumers and providers, Charter Communications, which has nearly 15 million pay-TV subscribers, said in an 11-page presentation to investors Friday. It added that cord-cutters and rising fees are contributing to a “vicious video cycle.”
The presentation comes amid negotiations between Charter and The Walt Disney Co., owner of popular cable channels including ESPN and FX, that has spilled into public view.
Those channels and others will not be available to Charter subscribers until both sides agree on how much Charter will pay Disney to carry its channels. These so-called carriage fights are commonplace in the media industry, with channels going dark for days or weeks on cable systems owned by companies like Charter while both sides haggle over how much the channels are worth.
Rivian hires former Porsche exec Kjell Gruner as sales chief
Gruner, the former CEO of Porsche Cars North America, resigned in July after less than three years on the job. His title at Rivian is chief commercial officer and president of business growth.
More than 85,000 highchairs are under recall after two dozen reports of falls
NEW YORK (AP) — More than 85,000 highchairs sold at major retailers across North America are being recalled due to a fall hazard that has resulted in a handful of injuries, according to federal regulators.
Toy and nursey product company TOMY International Inc. is recalling about 83,000 of its Boon Flair and Flair Elite Highchairs sold in the U.S. — and another 2,850 in Canada, the Oak Brook, Illinois-based distributor and the U.S. Consumer Product Safety Commission said.
According to this week’s recall notice, the bolts securing the highchairs’ seats can loosen, allowing the seats to detach. TOMY has received 34 reports to date of the chair separating from the base, the CPSC said Thursday. This has lead to two dozen falls that resulted in 11 injuries, like bruising or scratches.
The highchairs under recall were sold in-person and online through retailers like Bed Bath & Beyond, Target, Toys ‘R’ Us, Amazon and Walmart, TOMY and the CPSC said. The “Flair” highchairs were sold from 2008 to 2009, while the “Flair Elite” models were sold from 2008 to 2017.