financetom
Business
financetom
/
Business
/
US seeks records from Tesla in power steering loss probe
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US seeks records from Tesla in power steering loss probe
May 29, 2024 10:04 AM

WASHINGTON, May 29 (Reuters) - The National Highway

Traffic Safety Administration on Wednesday said it is seeking

records from Tesla in its investigation into Model 3

and Model Y vehicles over power steering loss.

The auto safety regulator, which upgraded its investigation

in February, said in a letter dated Tuesday to Tesla posted on

its website that it wants Tesla's records about the component

including the process for identifying field issues and creating

countermeasures for potential defects. The agency also wants to

know if Tesla has made any changes to power steering components

or plans any in the next four months.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Casella Waste Systems Prices $450 Million Equity Offering
Casella Waste Systems Prices $450 Million Equity Offering
Sep 21, 2024
08:51 AM EDT, 09/18/2024 (MT Newswires) -- Casella Waste Systems ( CWST ) said Wednesday it priced a public offering of 4.5 million shares of stock at $100.00 per share, for gross proceeds of about $450 million. Casella said it also granted the underwriters a 30-day option to purchase up to 675,000 additional shares. The offering is expected to close...
MicroStrategy Prices $875 Million Convertible Senior Notes Offering
MicroStrategy Prices $875 Million Convertible Senior Notes Offering
Sep 21, 2024
08:48 AM EDT, 09/18/2024 (MT Newswires) -- MicroStrategy ( MSTR ) said Wednesday it has priced an offering of $875 million worth of 0.625% convertible senior notes due 2028. The Bitcoin development company said the notes will be sold in a private offering to institutional investors, and that the initial investors will have the option to buy up to an...
Sector Update: Consumer
Sector Update: Consumer
Sep 21, 2024
08:48 AM EDT, 09/18/2024 (MT Newswires) -- Consumer stocks were edging higher pre-bell Wednesday as the Consumer Staples Select Sector SPDR Fund (XLP) and Consumer Discretionary Select Sector SPDR Fund (XLY) were up 0.2% recently. General Mills ( GIS ) shares declined by more than 2% after the company reported lower fiscal Q1 adjusted earnings and net sales. ...
BASF to prepare agricultural business for IPO, reports Bloomberg
BASF to prepare agricultural business for IPO, reports Bloomberg
Sep 21, 2024
FRANKFURT, Sept 18 (Reuters) - BASF plans to prepare its agricultural chemicals business for an initial public offering in the next few years as part of restructuring measures set to be announced by the chemicals group this month, Bloomberg News reported on Wednesday. BASF's new CEO, Markus Kamieth, will announce a series of overhaul measures at the capital markets day...
Copyright 2023-2025 - www.financetom.com All Rights Reserved