The NHTSA is investigating Tesla’s “Full Self-Driving” system for safety concerns in poor visibility conditions following incidents of collisions, including a fatal pedestrian accident. The probe will assess the system’s ability to detect and respond to reduced visibility, as well as the impact of software updates on safety. Tesla faces scrutiny for offering FSD as a premium option on millions of vehicles, while CEO Elon Musk aims to launch “unsupervised FSD” in the near future.
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Troubled Wood Group taps Rothschild for refinancing talks
Wood Group, a struggling oil services and engineering company, is in talks with advisers to refinance its heavy debt load while facing a takeover bid from Dubai-based Sidara. The company's share price has plummeted, and despite previous failed buyout attempts, Wood is working on both debt refinancing and takeover negotiations simultaneously. Analysts have expressed concerns about Wood's financial situation, with the company disclosing governance weaknesses and aiming to achieve positive free cash flow by 2026....
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