Regulators End Inquiry Into Ford Focus Recalls
Government safety regulators closed an investigation into two Ford Focus recalls from 2018 and 2019 after determining Ford Motor Co satisfied concerns. The 2012 to 2018 sedans faced potential power loss due to a malfunctioning canister purge valve and software, with 5 crashes and 2 injuries reported. Ford offered a customer satisfaction program to replace the valve to address hesitation or stalling at low speeds.
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Nordstrom to be acquired by family and Mexican group
Nordstrom will be taken private in a 6.25 billion deal by Nordstrom family members and a Mexican retail group. Shareholders receive 24.25 cash per share, about 4 billion total, with a 42 percent premium. The buyer also assumes over 2 billion in Nordstrom debt amid fierce competition from Walmart Target fast fashion and Amazon.
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