The Latest Breaking News from Wikimedia Commons

Hyundai Motor Co (OTC:HYMTF) will recall 281,000 vehicles in North America over fears of seat-belt pretensioners exploding, Reuters reported. The report noted that there were three injury reports caused by the explosion of seat-belt pretensioners, projecting the metal fragments. The recall will include some 2019-2022 Accent, 2021-2023 Elantra, and 2021-2022 Elantra hybrid vehicles. …

A regulatory filing shows that Nelson Peltz is considering a potential takeover bid for Wendy's Co (NASDAQ:WEN). Peltz' firm, Trian Fund Management, said it will explore a transaction on its own or with third parties that could include an acquisition, merger, or other transaction. Trian, along with its partners, owns a 19.4% stake in…

Nike Inc (NYSE:NKE) has not renewed agreements with its largest franchisee in Russia, Reuters reported, quoting Vedomosti daily newspaper. The U.S. sportswear maker suspended its Russia operations temporarily in March due to Russia's invasion of Ukraine. The head of Inventive Retail Group (IRG), which operates Nike-branded stores in Russia, reportedly said Nike…

Bolthouse Farms has signed a definitive agreement to acquire the Evolution Fresh brand and business from Starbucks Corp (NASDAQ:SBUX) for an undisclosed amount. Evolution Fresh is a producer of primarily organic, cold-pressed, premium juice products. Bolthouse Farms, a portfolio company of private equity firm Butterfly, aligns powerhouse juice brands to propel Evolution Fresh forward.…

Stellantis NV (NYSE:STLA) and Samsung SDI have signed a binding, definitive agreement to establish an electric-vehicle battery manufacturing facility in Kokomo, Indiana. The joint venture will invest more than $2.5 billion (€2.3 billion) and create 1,400 new jobs in Kokomo and the surrounding areas. The investment could gradually increase up to $3.1 billion (€2.9…

Toyota Motor Corp (NYSE:TM) plans to cut global production by about tens of thousands of units to roughly 850,000 vehicles in June due to the semiconductor shortage. The auto major expects to produce 9.7 million units for the full period of the fiscal year 2023. The average global production plan from June through…

Samsung Electronics Co, Ltd (OTC:SSNLF) looks to invest 450 trillion won ($356 billion) in the next five years to accelerate growth in semiconductors, biopharmaceuticals, and other next-generation technologies, Reuters reports. The investments through 2026 will likely help Samsung drive long-term growth in strategic areas like the chip sector while pledging aggressive investments…

Volkswagen AG (OTC:VWAGY) CEO Herbert Diess said Volkswagen can overtake Tesla, Inc. (NASDAQ:TSLA) as the world’s largest seller of electric vehicles by 2025, CNBC reported. Stabilizing supply chain woes would help the German carmaker to increase production in the coming months, the CEO said. He expects some relief from the semiconductor supply market to…

Starbucks Corp (NASDAQ:SBUX) is shutting down its business in Russia, the Wall Street Journal reported. The coffee giant has decided to permanently close operations in its 130 stores and would no longer have an operation in Russia. The company had suspended its licensee's Russian business on March 8. The report noted the company…

Drought is driving an unlikely pest out of the desert — and Charlotte's community is in the firing line.

China is holding military exercises in the disputed South China Sea coinciding with US President Joe Biden’s visits to South Korea and Japan.