Industry News
Cyber analytics firm CyberCube said losses from the Amazon Web Services outage could eclipse $580 million. CyberCube late last week put out a preliminary global insured loss estimate of between $38 million and $581 million for the AWS event, which …
Via: Claims Journal
The National Highway Traffic Safety Administration is expanding its probe into 286,000 General Motors vehicles in the U.S. over a possible engine failure issue, the safety regulator said on Monday, following several complaints, despite a recall. The NHTSA said the …
Via: Claims Journal
American companies led by Alphabet Inc.’s Waymo have drawn much of the limelight with driverless cars deployed almost entirely on home soil. Now that some are beginning to look abroad, they’ll have to share roads with Chinese companies quietly making …
Via: Claims Journal
Hurricane Melissa plowed toward Jamaica as a powerful Category 5 storm, threatening to bring widespread destruction to the island.
Via: Claims Journal
The National Highway Traffic Safety Administration said on Friday it is seeking information from Tesla about a new driver assistance mode dubbed “Mad Max” that operates at higher speeds than other versions. Some drivers on social media report that Tesla …
Via: Claims Journal
Europe’s auto industry is working around the clock to prevent the conflict with China over chipmaker Nexperia from triggering production outages. Task forces at Volkswagen AG and ZF Friedrichshafen AG are scouring for replacement supplies and boosting semiconductor stockpiles. While …
Via: Claims Journal
U.S. carrier Alaska Airlines said early on Friday it had restored operations following a technology outage that grounded flights across all airports and led to the cancellation of more than 229 flights. Shares of the airline fell 5.4% in morning …
Via: Claims Journal
Rivian Automotive Inc. agreed to pay $250 million to settle an investor lawsuit, against the electric vehicle maker, saying it's eager to put the legal wrangling behind it.
Via: Claims Journal
When the Winton Motor Carriage Company introduced the inaugural trailer truck model in 1899, it marked the inception of the United States trucking industry by transforming a car into a tractor through the addition of a small trailer. In the …
Via: Claims Journal
Ford Motor Co. expects a profit hit of as much as $2 billion after a devastating fire at a key supplier of aluminum for its top-selling F-150 pickup truck, overshadowing financial results that exceeded expectations. The automaker now expects full-year …
Via: Claims Journal