A Japanese car manufacturer has temporarily shut down production after admitting to decades of fraudulent safety test results.  "We recognize the extreme gravity of these irregularities, their causes, and the recommendations to prevent their recurrence identified during the Independent Third-Party Committee’s investigations," automaker Daihatsu wrote in a statement on the company’s website."We will not only review and revise certification application operations, but we will also make sweeping reforms to our ...

A federal judge said Johnson & Johnson shareholders may pursue as a class action their lawsuit accusing the company of fraudulently concealing how its talc products were contaminated by cancer-causing asbestos. U.S. District Judge Zahid Quraishi in Trenton, New Jersey, on Friday allowed shareholders from Feb. 22, 2013, to Dec. 13, 2018, to pursue their securities fraud claims as a group.He rejected J&J's argument that any class period be at least a year shorter because some events that allegedly caused its ...

Aircraft manufacturer Boeing is urging airlines to inspect 737 MAX airliners for a possible loose bolt in the jet’s rudder control system, the Federal Aviation Administration (FAA) said on Thursday. The FAA said that it is "closely monitoring targeted inspections" of Boeing 737 MAX airplanes after Boeing notified operators of newer single-aisle airplanes to look at specific tie rods that control rudder movement to see if there is any loose hardware.Boeing recommended the inspections after an international o ...

Amazon sent an email to millions of Prime Video users on Wednesday to notify them that more ads will appear on the streaming platform starting next month unless they pay an additional subscription fee. Amazon’s Prime Video will start including "limited advertisements" on its movies and TV shows beginning on January 29. In September, Amazon made the initial announcement about the decision to include ads on the platform in 2024, though a date wasn't specified at the time."This will allow us to continue invest ...

Ford announced Thursday that its F-Series trucks achieved a historic milestone, having held the title of America’s best-selling truck and best-selling vehicle for over four decades. Ford said 2023 will mark the 47th consecutive year that it made the best-selling truck in the U.S., while it will also be the 42nd consecutive year with the best-selling vehicle in America. "It’s a streak that spans four generations (and started when I was only four) and has lasted longer than the entire lifespan of many other p ...

Tesla is planning to release an updated version of its popular Model Y SUV from its plant in Shanghai, China, according to a report from Bloomberg. The electric vehicle maker led by CEO Elon Musk is in the process of preparing the Shanghai factory for mass production of the new Model Y, which could begin as early as mid-2024 according to the Bloomberg report, which cited people familiar with the matter.The changes on tap for the 2024 Model Y will reportedly be more noticeable than the most recent changes Te ...

A federal appeals court granted Apple’s request to temporarily pause a federal trade commission’s ban on some of its Apple smartwatches amid an ongoing patent dispute with medical technology firm Masimo. Apple on Tuesday filed an emergency request with the U.S. Court of Appeals for the Federal Circuit to halt the ban, which bars the import and sale of the Apple Watch Series 9 and Ultra 2 because of the U.S. International Trade Commission’s decision that the smartwatches infringed on Masimo’s patented blood ...

Apple filed an appeal Tuesday in an effort to overturn a ruling banning imports of Apple Watches because the tech giant infringed the patent rights of medical monitoring technology firm Masimo. The U.S. International Trade Commission (ITC) issued an order that takes effect on Dec. 26 blocking imports and sales of Apple Watches that use blood oxygen-sensing technology covered by patents belonging to Masimo, which has also accused Apple of hiring away its employees. Apple has used the technology in smart watc ...

General Motors announced Friday that it’s temporarily pausing sales of its new Chevrolet Blazer EV to address a software problem affecting some vehicles. GM began accepting requests for the 2024 Chevrolet Blazer electric SUV in September and the Blazer is expected to play a key role in the company’s EV push to be all-electric by 2035. The Blazer uses GM’s Ultium battery platform, which is designed for use in many of the company’s EVs."We are aware that a limited number of Blazer EV owners have experienced s ...

Bristol Myers Squibb said on Tuesday it would buy RayzeBio for about $4.1 billion to bolster its cancer drug business, marking the second large deal struck by the drugmaker in less than a week. With the deal, Bristol will gain access to RayzeBio's late-stage targeted cancer therapy, RYZ101, which works by combining radioactive particles that kill cells with molecules that attach themselves to the tumors.The U.S. drugmaker is turning to deals at a time when two of its top drugs, blood cancer treatment Revlim ...