Business
Toyota Motor Corp.’s North American chief operating officer criticized U.S. policies promoting speedy adoption of electric vehicles, calling them “de facto mandates†out of sync with consumer demand.
Stellantis is recalling about 207,000 Jeep and Dodge SUVs in the U.S. to fix a problem with the antilock brakes, while General Motors is recalling nearly 462,000 pickup trucks and big SUVs over an issue with the rear wheels.
California
The minor, identified only as male, lost control of the bike and skidded into an intersection, police say, where he was struck by a car that didn’t stop afterward.
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Climate & Environment
Dozens of Californians are part of a class action lawsuit filed in July against Toyota. They claim the carmaker’s salespeople misled them about the state’s unreliable hydrogen refueling infrastructure.
General Motors is laying off about 1,000 workers worldwide, shedding costs as it tries to compete in a crowded global automobile market.
INDUSTRY UPDATES
Syntiant Corp. in Irvine entered into an agreement to acquire the Consumer MEMS Microphones (CMM) business of Knowles Corp. for $150 million on Sept. 18.
The United Auto Workers union is launching simultaneous, public organizing campaigns at more than a dozen automakers, including Toyota, Volkswagen and Tesla.
The UAW has gotten President Biden’s support as it aims to build on its deal with Detroit’s Big Three automakers by organizing workers at Tesla and Toyota.
Velocity One, a newly formed aerospace manufacturing holding company, announced the acquisition of Emcore Corp. for $31.4 million.