About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
Recent from Bloomberg QuickTake: Now:
Bloomberg Quicktake: Now published this video item, entitled “GM to Recall 6 Million Vehicles Worldwide Due to Defective Takata Airbags” – below is their description.
General Motors Co. is recalling 5.9 million vehicles in the U.S. after losing an appeal of a government-ordered callback related to a massive safety issue affecting more than 60 million air bags and almost every major automaker. The company said Monday it will comply with a ruling by the National Highway Traffic Safety Administration to recall the vehicles after the agency denied its appeal, saying the carmaker had not established the callback was unnecessary. “Based on data generated through independent scientific evaluation conducted over several years, we disagree with NHTSA’s position. However, we will abide by NHTSA’s decision and begin taking the necessary steps,” the company said in a statement. GM had argued the design and integration of Takata air bags into certain of its vehicles made the risk of defective equipment inconsequential, but NHTSA denied that petition and forced the automaker to abide by its recall order. The recall is expected to cost $1.2 billion over a period of several years, including about $400 million in 2021, said Dan Flores, a company spokesman. The recall totals 7 million vehicles globally, with most sold in the U.S. and some 544,000 in Canada, he said. The affected vehicles include certain 2007-2014 Chevrolet Silverado, GMC Sierra, Chevy Tahoe, Chevy Suburban, Chevy Avalanche, GMC Yukon and Cadillac Escalade models. The recall of Takata airbags is the largest and longest safety actions in history, covering 63 million air bags in vehicles from GM, BMW AG, Ford Motor Co., Honda Motor Co., Tesla Inc., Toyota Motor Corp., and 11 others, or one of every five cars on the road in the U.S. Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktakeBloomberg Quicktake: Now YouTube Channel
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In This Story: Canada
Canada is a country in the northern part of North America. It extends from the Atlantic to the Pacific and northward into the Arctic Ocean, covering 9.98 million square kilometres (3.85 million square miles), making it the world’s second-largest country by total area.
Its southern and western border with the United States, stretching 8,891 kilometres (5,525 mi), is the world’s longest bi-national land border. Canada’s capital is Ottawa, and its three largest metropolitan areas are Toronto, Montreal, and Vancouver.
Various Indigenous peoples inhabited what is now Canada for thousands of years before European colonization. The Canada Act 1982, which severed the vestiges of legal dependence on the British Parliament. Canada is a parliamentary democracy and a constitutional monarchy in the Westminster tradition, with a monarch and a prime minister who serves as the chair of the Cabinet and head of government.
As a highly developed country, Canada has the seventeenth-highest nominal per-capita income globally as well as the thirteenth-highest ranking in the Human Development Index. Its advanced economy is the tenth-largest in the world, relying chiefly upon its abundant natural resources and well-developed international trade networks.
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In This Story: Tesla
Tesla (NASDAQ: TSLA) is one of the biggest producers or electronic cars, and other, largely electronic, equipment.