Tesla recalls 285,000 cars in China over cruise control safety issues

  • The electric car maker Tesla is recalling over 285,000 cars in China over potential safety issues with cruise control. Tesla says the issues are with the Tesla Model 3 and Tesla Model Y vehicles. The majority of those affected were built in Tesla's Shanghai factory. Tesla says affected customers are required to update their in-car software.
  • Honda recently revealed the name of the first of two electric SUVs it plans to sell in North America. The Honda Prologue will go on sale in the United States and Canada starting in 2024. The SUVs are meant to be an introduction to Honda's efforts to have an all-electric lineup by 2040.
  • UBS will allow most of its employees to adopt a hybrid working model, instead of returning to the office entirely. UBS is not entirely alone as Citi Group made a similar announcement recently to its employees.