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☆ Stellantis halts battery plant construction over dispute with Canadian govt
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +1 min

[1/2] A Stellantis assembly worker works on the interior of a Chrysler Pacifica at the Windsor Assembly Plant in Windsor, Ontario, Canada. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. A spokesperson for Canada's Innovation Minister Francois-Philippe Champagne did not immediately respond to a request for comment. The move comes days after the carmaker and South Korea's LG Energy Solution Ltd (373220.KS) (LGES) said they were implementing "contingency plans" related to a more-than C$5 billion ($3.74 billion) battery plant investment in Canada. ($1 = 1.3372 Canadian dollars)Reporting by Ismail Shakil in OttawaOur Standards: The Thomson Reuters Trust Principles.

☆ Stellantis halts battery plant construction over dispute with Canadian government
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: +2 min

Canadian Prime Minister Justin Trudeau wears safety glasses as he attends a tour of the Stellantis Windsor Assembly Plant in Windsor, Ontario, Canada. Automaker Stellantis has stopped all construction at a more-than C$5 billion ($3.74 billion) electric vehicles battery manufacturing plant in Windsor, Canada, over a disagreement with the federal government about subsidies, a spokesperson for the company said on Monday. "Effective immediately, all construction related to the battery module production on the Windsor site has stopped," the spokesperson said. The move comes days after the carmaker and South Korea's LG Energy Solution Ltd (373220.KS) said they were implementing "contingency plans" related to a more-than C$5 billion ($3.74 billion) battery plant investment in Canada. LGES and Stellantis announced their battery plant investment in the country last year, aiming for an annual production capacity in excess of 45 gigawatt hours (GWh) and expected to create an estimated 2,500 new jobs in the Windsor area.

☆ U.S. Regulators Urge Supplier to Recall 67 Million Air-Bag Inflators for Potential Explosions
▼ + stars: | 2023-05-13 | by ( Ryan Felton | ) www.wsj.com time to read: 1 min

General Motors said dealers will replace the front-driver air-bag module. Photo: Mandi Wright, Detroit Free Press/Zuma PressFederal auto-safety regulators are demanding a supplier recall 67 million air-bag inflators linked to exploding incidents that have killed two people and injured others, in what could be one of the largest safety actions on record. In a letter released publicly Friday, the National Highway Traffic Safety Administration said it has tentatively concluded that the inflators made by Tennessee-based ARC Automotive contain a “safety-related defect” and should be recalled.

☆ GM recalling nearly 1 million U.S. vehicles for air bag defect
▼ + stars: | 2023-05-12 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, May 12 (Reuters) - General Motors (GM.N) said on Friday it will recall nearly 1 million sport utility vehicles in the United States because the driver's air-bag inflator may explode during deployment. The recall covers 994,763 Buick Enclave, Chevrolet Traverse, and GMC Acadia vehicles from the 2014 through 2017 model years with modules produced by ARC Automotive Inc. An April 25 inspection confirmed that the front driver airbag inflator ruptured in the vehicle. GM said it was aware of two prior ruptures of ARC-manufactured airbag inflators in 2015 Chevrolet Traverse vehicles, and GM conducted two earlier small recalls of about 3,000 ARC inflators. All three rupture events in Chevrolet Traverse vehicles involved the same inflator variant.

☆ US wants a recall of 67 million airbag inflators, but the manufacturer disagrees
▼ + stars: | 2023-05-12 | by ( Ramishah Maruf | ) edition.cnn.com time to read: +4 min

New York CNN —The National Highway Traffic Safety Administration is calling for an immediate recall of 67 million airbag inflators due to a dangerous defect, the agency said in a letter to ARC Automotive, a major manufacturer of the component. The 67 million airbag inflators that NHTSA wants recalled were all produced in the 18-year period prior to January 2018, when ARC installed equipment to help inspect inflators, according to the company. The airbag inflators are used by at least 12 vehicle manufacturers, but NHTSA did not specify which ones. “Airbag inflators that project metal fragments into vehicle occupants, rather than properly inflating the attached airbag, create an unreasonable risk of death and injury,” the agency said in the letter. “None of the 918 inflators ruptured in the tests,” Gold wrote in response to NHTSA’s request for a recall.

☆ SpaceX partner aims to launch commercial space station
▼ + stars: | 2023-05-10 | by ( Jackie Wattles | ) edition.cnn.com time to read: +4 min

Nor is it clear how much a trip to the proposed space station would cost visitors, which could include professional astronauts or tourists. NASA, along with its global partners, is seeking to use a privately developed space station to replace the aging International Space Station, which has been continuously inhabited in low-Earth orbit since 2000. But the other key partner on the International Space Station, Russia, has said it will only guarantee participation through 2028. “The Dragon team and the team and leadership (at SpaceX) really want to build a Falcon 9-based space station,” said Max Haot, Vast’s president. Later, the company plans to attach the spacecraft as a module to a larger space station.

☆ Watch the moment a cosmonaut tossed a bag of parts into space but NASA said the space litter is harmless
▼ + stars: | 2023-05-10 | by ( Jessica Orwig | Morgan Mcfall-Johnsen | ) www.businessinsider.com time to read: +4 min

Technically, it's space littering. About 6.5 hours into the spacewalk, Prokopyev tossed an 11-pound bag of leftover equipment into space. Basically, space littering is like if someone came along after the electrician, burned the bag, and discarded the ashes. —International Space Station (@Space_Station) May 4, 2023We're not saying that space junk, in general, isn't a problem. In fact, multiple times a year the space station fires its booster to push itself out of the path of incoming orbital debris — and for good reason.

☆ $144 billion investment firm Man Group is supercharging non-tech workers with Python and data-science skills. Here's a look inside the popular program helping employees save time.
▼ + stars: | 2023-05-08 | by ( Bianca Chan | ) www.businessinsider.com time to read: +6 min

Man Group's <develop> program is growing in popularity among non-tech workers. That's the thinking behind Man Group's technology upskilling program, <develop>, which has served as the $144 billion investment firm's answer to a tight tech-labor market. "The level of demand for software engineers outstripped the number of qualified engineers entering the workforce each year," Lara Carty, Man Group's chief people officer, told Insider. It's also spanned a variety of backgrounds, from workers on the trading desk to communications and public-relations employees, Carty said. There's classroom-based learning led by about a dozen of Man Group's top engineers with a mentorship aspect.

☆ After 35 years in flight, the US military says it's done buying one of its most unique and controversial aircraft
▼ + stars: | 2023-05-05 | by ( Stavros Atlamazoglou | ) www.businessinsider.com time to read: +8 min

Since its first flight in 1989, the V-22 Osprey has provided a unique capability to the US military. One of them is the V-22 Osprey, a unique and controversial aircraft that has carried conventional troops and special operators around the world for two decades. US Navy/Vernon PughIn the three decades since its first flight, the V-22 Osprey has brought a distinct capability to the US military's aviation fleet, despite its troubled development. Conventional and special-ops missionsUS Air Force special tactics operators fast rope from a CV-22B during an exercise in the UK in April 2021. In August 2022, Air Force Special Operations Command grounded its CV-22s over issues with its clutch, which had caused several "safety incidents."

☆ Etihad Airways signs deal to allow bookings using AI within chat app BOTIM
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +2 min

DUBAI, May 2 (Reuters) - Etihad Airways, Abu Dhabi's state carrier, on Tuesday signed an agreement with technology firm Astra Tech that allows customers to make flight bookings using artificial intelligence within chat app BOTIM, Astra Tech said. Astra Tech has said its GPT is the first that works in the Arabic language. "Through the BOTIM GPT module developed by Astra Tech, flights and other travel-related services are integrated into the Botim app, offering a convenient and innovative way for customers to book Etihad flights," Astra Tech said. Astra Tech bought BOTIM last year for an undisclosed sum from about 12 investors, Astra Tech founder and BOTIM CEO Abdallah Abu Sheikh told Reuters last month. BOTIM is one of the top three digital remittance providers in the UAE, one of the other services the app provides, Sheikh said.

☆ Ukrainian soldiers are using a handheld video game console to operate machine gun mounts, per reports. The US Navy has also utilized Xbox controllers in the past.
▼ + stars: | 2023-05-02 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Photos show Ukrainian soldiers using a Steam Deck to operate the Sabre weapon system. The US Navy has used Xbox controllers in some submarines since 2018. Valve, the maker of Steam Deck, did not immediately respond to Insider's request for comment. It's not the first time a military has utilized video game hardware. In 2017, the US Navy announced it would begin using Xbox 360 controllers to operate the photonics masts, which replaced periscopes, on submarines.

☆ Electric Cars: What It Takes to Convince People to Ditch Gasoline
▼ + stars: | 2023-04-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Men make up most early adopters of electric cars, while women account for most EV skeptics. Here is who they are and what they're looking for. The adopters' top three prioritized vehicle features include addressing concerns about CO2 emissions and air pollution, vehicles that are unique, and a vehicle that keeps its value. They're also the most flexible of buyers regarding the range they're looking for in an EV. Given that, "I think we'll potentially start to see a shift in terms of what the range of features within electric vehicles is."

☆ Want to cash in on 'clean' hydrogen? HSBC shares its stock picks — giving one over 110% upside
▼ + stars: | 2023-04-25 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

Analysts have been very bullish about investing in an area of clean energy: hydrogen. "Clean" hydrogen remains a "more compelling" decarbonization option than batteries when it comes to trucks, ships, trains and planes, HSBC said in an April 20 note. Clean energy has been gaining impetus with the U.S. Inflation Reduction Act, and some regard hydrogen as a renewable power source. It gave the stock a price target of 80.30 yuan ($11.60), or potential upside of 114%. HSBC gave the stock a price target of 21 euros ($23), or potential upside of 32%.

☆ Citi downgrades this solar name, says shares could fall more than 10% as margin risks grow
▼ + stars: | 2023-04-24 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

The run-up in shares of First Solar may have finally reached its limit, according to Citi. Analyst Vikram Bagri downgraded the solar stock to sell from neutral, citing a challenging long-term growth trajectory and concerns that Inflation Reduction Act tailwinds may already be priced in. FSLR YTD mountain Shares have gained nearly 45% this year Shares lost more than 2% before the bell. Along with the downgrade, Bagri trimmed the firm's price target to $194 from $220 a share, reflecting a near 11% downside from Friday's close. Along with the downgrade, Bagri opened a 90-day positive catalyst watch on Enphase Energy ahead of first-quarter earnings, citing a strong backlog and expectations for solid results.

☆ Here are Monday's biggest analyst calls: Apple, Amazon, Chipotle, Ford, Disney, Nvidia, Sunrun & more
▼ + stars: | 2023-04-24 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

"We upgrade ALLY to Neutral (from Underperform) and raise our PO to $28 from $24, implying ~8% upside potential." Goldman Sachs reiterates Apple as buy Goldman said in its Apple earnings preview note that "solid iPhone demand to offset Mac weakness." Wells Fargo names Disney a top pick in media Wells said in a note on Monday that Disney is the "best opportunity in media." JPMorgan reiterates Ford & General Motors as overweight JPMorgan said in an earnings preview note that it's standing by both automakers heading into earnings tomorrow for GM and next week for Ford . Mizuho initiates Tencent Music Entertainment as buy Mizuho said in its initiation of the China music company that the stock has upside potential. "

☆ Russian jets are dropping bombs rejigged with guidance systems that are delivering 'devastating hits' upon Ukrainian lines, report says
▼ + stars: | 2023-04-22 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Russia is modifying regular bombs to have guidance systems, a report says. The regular bombs appear to be being converted to smart ones using UMPK (unified module for gliding and guidance) systems, according to Illia Ponomarenko of the Kyiv Independent. Ponomarenko wrote that the upgraded guided or gliding bombs pose "an especially serious threat to Ukraine" that can "deliver devastating hits upon Ukrainian lines and the rear front." In order to combat the Russian bombardment, Ukraine needs to defend against the jets using air defense systems such as the S-300. Germany this week approved Poland's request to transfer five MiG-29 fighter jets to Ukraine.

April 21 (Reuters) - Computer-memory company Netlist Inc (NLST.PK) convinced a federal jury in Texas on Friday to award it more than $303 million for Samsung Electronics Co's (005930.KS) infringement of several patents related to improvements in data processing. Irvine, California-based Netlist sued Samsung in 2021, alleging Samsung memory products used in cloud-computing servers and other data-intensive technology infringe its patents. A Netlist attorney told the jury that Samsung took its patented module technology after the companies had collaborated on another project, according to a court transcript. Samsung had argued that the patents were invalid and that its technology worked in a different way than Netlist's inventions. The case is Netlist Inc v. Samsung Electronics Co, U.S. District Court for the Eastern District of Texas, No.

☆ Stellantis recalls 131,700 Ram trucks over powertrain software issue - NHTSA
▼ + stars: | 2023-04-19 | by ( ) www.reuters.com time to read: +1 min

Companies Stellantis NV FollowApril 19 (Reuters) - Stellantis will recall 131,700 Ram 1500 pickup trucks manufactured in 2021 due to a powertrain software issue, the National Highway Traffic Safety Administration's (NHTSA) website showed on Wednesday. The issue may cause the pickup trucks with 5.7L eTorque engines to stall due to an incorrect fuel mixture condition, according to the NHTSA. "The company is unaware of any related injuries," Stellantis said in an emailed statement, adding that there was only one report of a vehicle crash potentially related to this condition. Dealers will update the powertrain control module software on the impacted vehicles for free, according to the NHTSA. Stellantis in February recalled 340,000 diesel Ram trucks to replace an electrical connector after reports of six fires.

☆ Russia is equipping simple bombs with guidance systems, turning them into cheap substitutes for expensive cruise missiles
▼ + stars: | 2023-04-16 | by ( Alia Shoaib | ) www.businessinsider.com time to read: +3 min

Russia is modifying regular bombs to have guidance systems, a report says. They are a cheap and effective substitute for expensive guided missiles, which Russia's stock of is low. The regular bombs appear to be being converted to smart ones using UMPK (unified module for gliding and guidance) systems, according to Illia Ponomarenko of the Kyiv Independent. By comparison, a single Kalibr cruise missile, which Russia had been using widely in its invasion of Ukraine, is worth nearly $6.5 million. In order to combat the Russian bombardment, Ukraine needs to defend against the jets using air defense systems such as the S-300.

Deal Samsung Galaxy S23 Ultra (256GB) Amazon’s $200 deal on the Galaxy S23 Ultra is an all-time low price for Samsung’s most powerful smartphone to date. Samsung Galaxy S23 Plus vs. Galaxy S23 Ultra: Performance and battery lifeBoth the Galaxy S23 Plus (left) and Galaxy S23 Ultra (right) have the same performance, but the Galaxy S23 Plus surprisingly has better battery life. Samsung Galaxy S23 Plus vs. Galaxy S23 Ultra: CamerasOne of the Galaxy S23 Ultra's main differentiating factors is its camera system. Galaxy S23 Plus Galaxy S23 Ultra 256GB $999.99 $1,199.99 512GB $1,119.99 $1,379.99 1TB N/A $1,619.99To be sure, Samsung and carriers (especially carriers) offer tempting trade-in deals for your old phone to offset the cost of a new Galaxy S23 Plus and Galaxy S23 Ultra. Samsung Galaxy S23 Plus vs. Galaxy S23 Ultra: Which should you buy?

☆ Tesla recalled some of its electric semi trucks just months after they hit the road
▼ + stars: | 2023-04-01 | by ( Grace Kay | ) www.businessinsider.com time to read: +3 min

It is unclear how many Tesla Semis have been delivered. The recall impacts 35 trucks, but it's unclear what percentage of the total number of Tesla Semis on the road that represents. The electric-car maker began delivering the semi trucks in December. In January, Tesla issued an end-of-quarter delivery report, but it did not specify the delivery number for the Tesla Semi. The Tesla Semi recall is one of several hiccups the electric-car maker has dealt with in recent months.

☆ Tesla recalls semi trucks for faulty parking brakes
▼ + stars: | 2023-03-31 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +2 min

CNN —Tesla has issued a recall for 35 of its new electric Semi trucks because the parking brake might not engage when applied by the driver. A Tesla Semi prototype seen durings its 2017 unveiling. PepsiCo also did not immediately respond to a request for information about its Tesla Semi truck fleet. There have been numerous reports of Tesla Semi trucks apparently breaking down on the road. Besides being fully electric, the Tesla Semi also has an unusual design in which the driver sits in the center of the cab rather on one side.

☆ Tesla issues recall on Semi over defective brake module, rollaway risk
▼ + stars: | 2023-03-31 | by ( Lora Kolodny | ) www.cnbc.com time to read: +1 min

Tesla has issued a voluntary recall on the Semi, a first since the company began deliveries of the heavy-duty electric trucks to customers in December 2022. According to recall filings posted on the website of the National Highway Traffic Safety Administration (NHTSA), 35 Semi trucks were affected. The trucks were built with an electronic parking brake valve module found to contain a defect by supplier Bendix in February 2023. According to a recall notice, the defective modules may "fail to move into the park position when the parking brake is activated" leaving drivers unaware their Semi could roll away. The parking brake component defect has not resulted in a crash or any damages, according to the filings.

☆ Investing in Space: Boeing's got to get going
▼ + stars: | 2023-03-30 | by ( Michael Sheetz | ) www.cnbc.com time to read: +3 min

The Starliner spacecraft for the Crew Flight Test is seen in the company's processing facility at NASA's Kennedy Space Center. CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Even then, each company had faced its share of delays, but NASA estimated flight tests were months apart. I'm not advocating for anything akin to "go fever" for Boeing's upcoming Starliner crewed flight test (CFT), which just got delayed from mid-April to late July. Assuming the test flight goes according to plan, then there are the redesigns of Starliner's propulsion valves and module separation system – and potentially batteries – that are underway for missions after CFT.

☆ Hyundai, Kia warn 570,000 U.S. owners to park outside until recalls completed
▼ + stars: | 2023-03-23 | by ( David Shepardson | ) www.reuters.com time to read: +1 min

WASHINGTON, March 23 (Reuters) - Hyundai (005380.KS) and Kia (000270.KS) are recalling just over 570,000 U.S. vehicles over fire risks and urged owners to park outside and away until getting repairs. The automakers said some vehicles with a tow hitch harness could catch fire due to a short circuit. The models covered are 2022-2023 model year Hyundai Santa Cruz, 2019-2023 Santa Fe, 2021-2023 Santa Fe Hybrid, 2022-2023 Santa Fe Plug-in Hybrid, and 2022-2023 Kia Carnival. Hyundai and Kia dealers will install new fuse and wire extension kits to address the issue. Hyundai said as an interim repair, dealers will inspect the tow hitch module and remove the fuse as necessary.

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