Click to Enlarge.
Renault Group* said today that its in-depth transformation and turnaround of its activities continued during the first half of 2022. “These first half results are a proof of this: despite all the headwinds related to the stop of the activity in Russia, the semiconductor crisis and cost inflation, the Group continues to improve its operating performance and is beginning to benefit from the success of new launches,” Renault Group said.
Renault Group also “upgraded” its 2022 full-year financial outlook**. In the fall, new mid-term financial outlook and the accelerated roll-out of the so-called Renaulution will be presented during its Capital Market Day. “All our energies are mobilized to transform Renault Group into a competitive, tech and sustainable player,” said Luca de Meo, CEO of Renault Group. Continue reading
Subaru Recalls 2015-2021 WRX Sedans For Backup Lights
Subaru of America, Inc. is recalling 2015-2021 WRX sedans. The backup light switch may corrode and become inoperative, which can result in the backup lights not illuminating and the rearview camera image not displaying when the vehicle is in reverse. About 60,000 WRX sedans may have the safety defect.
In the required NHTSA filing made public today, Subaru said: “The operating environment of the Backup Lamp Switch may expose the internal switch contacts to heated oil. When heated, sulfur in the oil may cause a chemical reaction with the materials used on the switch terminal contact surfaces and plate spring. Continue reading →