The Federal Reserve opted against changing its benchmark rate during its July meeting, attempting to restrict future inflation for consumers but leaving them receiving higher interest rates than they might like on financed purchases like vehicles.
BorgWarner Inc. is aiming to save $100 million over the next couple of years as it cuts its head count and spending for its e-products division in response to weak market demand.
By TOM KRISHER
DETROIT (AP) — U.S. auto safety regulators say they stand by a conclusion that more than 50 million air bag inflators are dangerous and should not be in use, taking another step toward a massive recall.
The decision Wednesday by the National Highway Traffic Safety Administration involves inflators made by ARC Automotive Inc. in Tennessee and another parts manufacturer. It comes despite opposition from automakers.
The inflators in about 49 million vehicles from 13 manufacturers can explode and hurl shrapnel into drivers and passengers.
The agency has said the inflators are responsible for at least seven injuries and two deaths in the United States and Canada since 2009.
NHTSA said seven of the inflators have blown apart in the field in the U.S., each showing evidence of insufficient welds or too much pressure in a canister designed to contain the explosion and fill the air bags in a crash.
In addition, the agency said 23 of the inflators have ruptured in testing with causes common to the inflators that blew apart in the field. Also, four inflators have ruptured outside the U.S., killing at least one person, the agency said.
Starling Automotive Group expanded in a spring acquisition, buying its first non-General Motors dealerships.
Ten Central Florida restaurants shut down the week of July 21-27, according to data from the Florida Department of Business and Professional Regulation.
It marked the most shutdowns in one week so far in 2024 among the six-county region of Orange, Osceola, Seminole, Lake, Volusia and Brevard. Orange County led with four restaurants shuttered temporarily followed by two in Seminole and Volusia counties and one each in Lake and Brevard. No restaurants faced emergency orders in Osceola County last week.
Paradiso Pizzeria Restaurant at 1502 N. Semoran Blvd. in Orlando shut down on July 22. Inspectors found six violations, three of which were a high priority. Those violations include finding five live roaches, a stop sale on ricotta cheese and food held at the wrong temperatures. A second inspection the same day found zero violations. The restaurant complied with the emergency order.
ATL Deli at 7427 W. Colonial Dr. in Orlando shut down on July 23. Inspectors found 16 violations, four of which were a high priority. Those violations included an employee using the bathroom and not washing their hands before washing the dishes, flying insects, rodent activity and rub marks on the ceiling. A second inspection on July 24 found 13 violations. Officials gave a time extension to the employee for not washing their hands. A follow-up inspection is required.