UN Chief Urges Nations to Close $100 Million UNRWA Funding Gap 
US Stock Futures Hold Steady Ahead of June Jobs Report as Fed Rate Outlook Remains in Focus 
India Manufacturing PMI Slows in June as Demand Weakens Despite Lower Cost Pressures 
Baige Online Shares Soar 333% in Hong Kong IPO Debut as AI Insurance Demand Lifts Chinese Listings 
TSMC CoWoS Capacity Forecast Raised as Mizuho Sees AI Server CPU Demand Surging Through 2027 
Chip Stocks Rally as Samsung and SK Hynix’s $1.3 Trillion Investment Plan Boosts AI Optimism 
Asian Currencies Slip as Dollar Holds Firm, Yen Near Four-Decade Low Ahead of Fed, Jobs Data 
Dollar Slips Ahead of Key U.S. Jobs Data as Fed Rate Outlook, ECB, and Iran Talks Shape Forex Markets 
Asian Stocks End Strong Quarter as Dollar Surges, Yen Hits 40-Year Low Ahead of US Jobs Data 
Central Banks Eye Gold, Reduce Dollar Exposure as AI Adoption Accelerates: OMFIF Survey 
Morgan Stanley Names BAE Systems Top European Defence Stock Despite Lower Price Target 
Australia Trade Balance Swings to Surprise Deficit as Imports Outpace Exports in May 
South Korean Stocks Tumble as AI Chip Selloff Hits Asian Markets 
Nvidia Stock Rises as SemiAnalysis Sees AI Data Center Revenue Beating Wall Street Forecasts 
Apple Eyes Chinese Memory Chips as AI Shortage Pressures iPhone Supply Chain 
South Korea Alleges Google Abused Android App Store Dominance, Eyes Major Fine 
Nissan Motor Co. Ltd. announced it had issued a voluntary recall for about 1,063 Ariya electric sports utility vehicles. The Japanese automaker cited the falling steering wheel as the reason for the recall.
The vehicle brand said the possible issue with the steering wheels could be due to an incorrect update of the affected Ariya SUV units. The recall was issued after the company received reports of loose wheels from two dealers in January and February. Later, Nissan Motor also found that another Ariya in its inventory has the same problem as well.
The latest recall covers the 2023 models of the said SUV line. The drivers were warned that their steering wheels may not be attached properly, or in some cases, it is also possible that they may be completely detached.
As per Fox Business, Nissan Motor shared it replaced the steering wheels of some Ariya SUVs as soon as they arrived at the port in the United States. The company said that this action is an attempt to sort out “potential quality concerns with the steering touch sensor”, but unfortunately, the new steering wheels may have been incorrectly attached.
The reports about loose steering wheels were filed with the U.S. National Highway Traffic Safety Administration (NHTSA) as well. So far, there are no reports of accidents and injuries related to the latest Nissan Motor recall. The company also said that only one percent of its Ariya EVs are affected and require the replacement of bolts to fix the wheel.
“Certain Nissan Ariya vehicles underwent a recent port modification activity to replace the steering wheel due to a quality issue,” the NHTSA stated in its safety recall report. “As part of the activity, a technician may have inadvertently applied the incorrect torque settings to the steering wheel bolt. In certain cases, the steering wheel bolt may not have been installed.”
The agency added, “As a result, the steering wheel may experience some play or potentially separate from the steering column if pulled towards the driver. If this occurs, loss of steering control may increase the risk of a crash.”
Photo by: Tigran Hambardzumyan/Unsplash
