Business News Digest
Business News at 1:30 p.m.
Hyundai Motor's 2Q profit dips due to strong South Korean won
Hyundai Motor Co. says its second-quarter profit fell 7 percent as the appreciation of South Korean diluted its overseas earnings.
Documents show General Motors delayed recall in another ignition switch case
General Motors knew of ignition switch problems with 6.7 million midsize and large cars for 11 years, yet it failed to warn customers with a recall until last month, according to documents posted by federal safety regulators.
Senate hearing investigating recalls targets GM's legal staff
A Senate subcommittee chairwoman says General Motors should have fired its chief lawyer in the wake of a long-delayed recall of millions of small cars.
Environmental groups seek immediate ban of oil shipments in older railroad tank cars
Two environmental groups are asking the U.S. Department of Transportation to immediately ban shipments of volatile crude oil in older railroad tank cars, citing recent explosive oil train wrecks and the department's own findings that those accidents pose an "imminent hazard." The petition filed Tuesday by the Sierra Club and ForestEthics seeks an emergency order within 30 days to prohibit crude from the Northern Plains' Bakken region and elsewhere from being carried in the older tank cars, known as DOT-111s.
INFLUENCE GAME: Train crashes trigger high-stakes campaign to shape safety rules for railroads
A string of fiery train derailments across the country has triggered a high-stakes but behind-the-scenes campaign to shape how the government responds to calls for tighter safety rules.
INFLUENCE GAME: Train crashes trigger high-stakes campaign to shape safety rules
A string of fiery train derailments across the country has triggered a high-stakes but behind-the-scenes campaign to shape how the government responds to calls for tighter safety rules.
Volkswagen May Hire Ex-FBI Chief Louis Freeh to Aid Emissions Response
Volkswagen is reportedly planning to hire former FBI Director Louis Freeh to help guide the German automaker through an emissions scandal.
DOJ Files Civil Complaint Against Volkswagen
The U.S. Justice Department on Monday filed a civil suit against Volkswagen AG for allegedly violating the Clean Air Act by installing illegal devices to impair emission control systems in 600,000 vehicles.
Emissions Scandal Rocks Volkswagen, Diesel Sales Halted
German automaker Volkswagen told its U.S. dealers to stop selling certain 2015 diesel-powered cars.
Fiat Chrysler Faces Record $105 Million Fine for Lapses in Recalls
Federal regulators are reportedly close to hitting Fiat Chrysler with a record $105 million fine for recall lapses covering millions of vehicles.
Critics say Senate committee chairman's bill will would weaken rental car and rail safety
Safety advocates say that a Senate transportation bill would allow car rental companies to rent recalled vehicles that haven't been repaired.
Nissan to be ready with autonomous driving by 2020, up to regulators if it gets on roads
The CEO of Nissan Motor Co. says the automaker will have vehicles packed with autonomous driving technology by 2020 but whether people will be able to drive them on roads is up to government regulators.
Apple reportedly has team of hundreds working on secret project to create an electric car
Apple is reportedly working on an electric vehicle that would resemble a minivan.
California regulators puzzle over how to know that (driverless) cars of the future are safe
California's Department of Motor Vehicles will miss a year-end deadline to adopt rules governing the self-driving cars of the future.
Nevada governor orders extra session for $1.3B deal to land Tesla electric car battery plant
Gov. Brian Sandoval has ordered the Nevada Legislature into a special session to consider $1.3 billion in tax breaks and other incentives for electric car-maker Tesla Motors.
Chinese anti-monopoly panel fires adviser who worked on report for Qualcomm
Chinese state media say a panel that advises the Cabinet on anti-monopoly policy has fired a researcher who helped to prepare a report for Qualcomm, a U.S. company that is the target of an anti-monopoly investigation.
App to Hail Taxis, Limos Launches in Vegas as Rideshare Companies Remain Out
Las Vegas visitors can now hail a ride from a taxi or limo company using their smartphone.
China Probes Automakers, Tech Firms
Chinese regulators have launched a series of anti-monopoly investigations of foreign automakers and technology providers, stepping up pressure on foreign companies that feel increasingly unwelcome in China.





