KUALA LUMPUR, Nov 19 (Bernama) -- Bursa Malaysia gave up earlier gains to end mixed today, amid a higher regional market showing, as property, construction, and healthcare counters attracted buying interests, while plantation, banking, and telecommunication stocks saw some profit-taking, an analyst said. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 1.70 points to close at 1,602.34 from yesterday’s close of 1,604.04. The benchmark index, which opened 0.86 of-a-point lower at 1,603.18, moved between 1,601.02 and 1,608.88 during the trading session. However, the broader market was mixed to higher, with gainers leading decliners by 565 to 438 while 502 counters remained unchanged, 961 untraded, and 14 suspended. Turnover narrowed to 2.83 billion units valued at RM2.08 billion versus 2.96 billion units valued at RM2.23 billion yesterday. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng said the benchmark index remained range-bound and it required a dec
Tesla is recalling over 1.8 million vehicles in the US due to a software failure that may not detect an unlatched hood, according to the National Highway Traffic Safety Administration (NHTSA). An unlatched hood could fully open and obstruct the driver's view, increasing the risk of a crash.
Tesla has begun rolling out an over-the-air software update to address the issue, which will detect an open hood and alert drivers. The recall affects certain 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y vehicles, all equipped with a hood latch produced in China by Magna Closures Co Ltd.
The company started investigating customer complaints of unprompted hood openings in certain Model 3 and Model Y vehicles in China in March. Although fewer incidents were reported in Europe and North America, Tesla initiated engineering studies in these regions last month and decided to issue a recall.
This recall is Tesla's largest since December last year, when it recalled 2.03 million US vehicles to install new safeguards in its Autopilot system. Following reports of 20 crashes involving vehicles with the new Autopilot update, the NHTSA has opened a probe citing "several concerns."
Tesla recently posted its worst quarterly profit margin in over five years, highlighting the company's struggle to boost auto sales amid slowing demand.
Key Takeaways:
- Tesla is recalling over 1.8 million vehicles in the US due to an unlatched hood issue.
- An unlatched hood can obstruct the driver's view, increasing crash risk.
- Affected models include 2021-2024 Model 3, Model S, Model X, and 2020-2024 Model Y.
- Tesla is rolling out a software update to fix the detection issue.
- The recall follows previous large-scale recalls, including a significant Autopilot system update last year.
- The NHTSA is probing Tesla's Autopilot system following crash reports.
- Tesla recently reported its lowest quarterly profit margin in over five years.
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