Ford EU sales rise in May fuels recovery in Europe
Ford reports a 1.5 percent May gain in Western Europe with 99,900 vehicles sold, lifting year to date growth to 9.3 percent. Mondeo, EcoSport, Transit lines lead the rise as commercial vehicles surge 16 percent in May and 36 percent year to date, aided by new models like the S-Max Galaxy and C-Max.
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Honda Adds 363 Million to Air Bag Recall Costs
Honda Motor Co reports a further 363 million dollars set aside to fund the expanding Takata air bag inflator recall. The charge will appear in revised earnings for the year ended March 31 and will not affect dividends or earnings guidance. Takata doubled the recall to 33.8 million inflators, linked to deaths and injuries. Honda, Takata’s largest customer, has recalled about 20 million inflators worldwide and other automakers are expanding their recalls.
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Defect linked to 7th death in Takata air bag case
Regulators confirm Takata air bag involvement in a Louisiana fatality, linking the defect to a seventh death. The NHTSA reviewed the crash of a Honda equipped vehicle and related police and medical records. Takata offered no comment as Honda reported the inflator ruptured during the crash.
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Twitter sale speculation swirls after Costolo plans exit
Analysts debate a possible Twitter acquisition as Dick Costolo announces he will step down on July 1. Previously rejected bids from Google and Facebook reappear in discussions as potential buyers weigh ad revenue, user growth, and strategic fit amid Twitter’s leadership transition.
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Net neutrality rules take effect despite industry suit
The FCC net neutrality rules, treating Internet access as a public utility, take effect now. Industry groups seek to block them, but a federal appeals court did not halt the rollout as litigation continues. The rules enable FCC investigations into “unreasonable” practices not outright banned. Consumers should not expect major immediate changes in usage.
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Jeni's Splendid Ice Creams Re closes facilities over Listeria finding
Jeni's Splendid Ice Creams again suspends production after listeria contamination detected at its Columbus production kitchen. CEO John Lowe said testing found the bacteria during routine swabs and production remains halted while the company investigates.
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