Monday, May 22, 2017

US probes whether Hyundai, Kia recalled engines fast enough

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US probes whether Hyundai, Kia recalled engines fast enough

US probes whether Hyundai, Kia recalled engines fast enoughDETROIT (AP) — The U.S. government is investigating whether Hyundai and Kia moved quickly enough to recall more than 1.6 million cars and SUVs because the engines can stall, increasing the risk of a crash.


Ford names Hackett as CEO to tackle car rivals, Silicon Valley

Ford names Hackett as CEO to tackle car rivals, Silicon ValleyBy David Shepardson and Joseph White WASHINGTON/DEARBORN, Mich. (Reuters) - Ford Motor Co abruptly named James Hackett as chief executive on Monday, responding to investors' growing unease about the U.S. automaker's slumping stock price and its ability to counter threats from longtime rivals and Silicon Valley. Hackett, 62, a turnaround expert who for the past year has led the Ford unit developing self-driving cars and related projects, replaces Mark Fields, 56, who spent less than three years as CEO. Ford Chairman Bill Ford Jr. said he wanted Hackett to speed up decision-making and cut costs, but did not offer specifics on how the new CEO should change operations at the U.S. No. 2 automaker.


Flynn will reportedly invoke the Fifth Amendment, not comply with Senate intelligence committee subpoena

Flynn will reportedly invoke the Fifth Amendment, not comply with Senate intelligence committee subpoenaFormer national security adviser Michael Flynn will invoke the Fifth Amendment and not comply with a subpoena from the Senate intelligence committee, a source told AP. Flynn had previously sought immunity from Congress. Campaigning last September, then-presidential candidate Donald Trump made claims about the Fifth Amendment and Hillary Clinton, saying, “the Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?”


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