Toy­ota re­calls re­cent ve­hi­cles over air bags

The Detroit News - - Business - Wire re­ports

Toy­ota is re­call­ing nearly 188,000 pick­ups, SUVs and cars world­wide be­cause the air bags may not in­flate in a crash. The re­call cov­ers 2018-19 Tun­dra pick­ups and Se­quoia SUVs as well as 2019 Avalon sedans. Toy­ota says the air bag con­trol com­puter can er­ro­neously de­tect a fault when the ve­hi­cles are started. With a fault, air bags may not de­ploy in a crash. The com­pany wouldn’t say if the prob­lem has caused any in­juries.

China trade sur­plus hits a record $34.1B

Chi­nese ex­ports to the United States have at least tem­po­rar­ily de­fied fore­casts that they would weaken af­ter be­ing hit by puni­tive tar­iffs in a fight over Amer­i­can com­plaints about Bei­jing’s tech­nol­ogy pol­icy. China’s trade sur­plus with the US widened to a record $34.1 bil­lion in Septem­ber as ex­ports to the Amer­i­can mar­ket rose by 13 per­cent over a year ear­lier. Cus­toms data show that ex­ports to the US rose to $46.7 bil­lion, down from Au­gust’s 13.4 per­cent growth.

Cit­i­group’s $4.6 bil­lion profit tops ex­pec­ta­tions

Cit­i­group said Fri­day that its third-quar­ter prof­its rose 12 per­cent from a year ear­lier, as the bank­ing con­glom­er­ate was able to cut ex­penses and ben­e­fited from lower taxes. That was more than enough to make up for a small drop in rev­enue. Most of Citi’s profit growth came be­cause of lower taxes. Like other big com­pa­nies, Citi got a big tax break from the tax law passed last year. The amount of money the bank set aside for in­come taxes last quar­ter was down 21 per­cent from a year ear­lier.

Autos watch­dog urges Hyundai, Kia re­call

A non­profit auto safety group is de­mand­ing Hyundai and Kia re­call 2.9 mil­lion cars and SUVs in the U.S. due to com­plaints they can catch fire. The Cen­ter For Auto Safety said there have been more than 220 com­plaints to the U.S. gov­ern­ment since

2010 about fires and an­other 200 com­plaints about melted wires as well as smoke and burn­ing odors. Com­plaints in­volve the 2011-14 Kia Sorento and Op­tima and Hyundai Sonata and Santa Fe. Also in­cluded is the 2010-15 Kia Soul. The Na­tional High­way Traf­fic Safety Ad­min­is­tra­tion is in­ves­ti­gat­ing as part of a 2017 probe into Hyundai and Kia en­gine fail­ures.

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