GE study: No need for more dredging at Superfund site
General Electric Co. said Friday a study requested by New York state comptroller Thomas DiNapoli shows no need for it to voluntarily expand dredging already underway in a portion of the upper Hudson River contaminated with PCBs, or polychlorinated biphenyls.
Fairfield, Conn.-based GE said the scientific and legal analysis shows wildlife in the area is healthy, and any concern about the company getting hit with future liabilities for environmental damage is speculative.
Environmentalists have long been pressing for additional dredging of contaminated sections outside the current Superfund cleanup site north of Albany.
Hyundai’s North American operations’ executive resigns
John Krafcik, the president and CEO of Hyundai Motor America, is stepping down next week after five years at the helm, the company announced Friday. He will be replaced by David Zuchowski, the current executive vice president of sales who joined the company in February 2007.
When Krafcik became CEO of American operations in 2008, the South Korean automaker’s cars were ugly and often broke down. During his tenure, he pushed through quality, style and fuel efficiency improvements to help drive up sales. Hyundai Sonata midsize cars and Elantra compacts became top sellers and multiple models garnered the Insurance Institute for Highway Safety’s Top Safety Pick designation.
GM to recall 1.5 million cars in China to replace bracket
General Motors Co. and its main Chinese partner will recall almost 1.5 million cars to replace a bracket that secures a fuel pump, China’s product quality agency said Friday.
The agency said the recall affects 1.2 million Buick Excelles made from 2006 through part of 2012 and 250,000 Chevrolet Sails produced between April 2009 and October 2011 and some made last year.
The bracket to be replaced might crack and in extreme cases cause a fuel leak, the Administration for Quality Supervision, Inspection and Quarantine said in a statement.
Apple CEO’s compensation up slightly from last year
Apple CEO Timothy Cook received a compensation package valued at nearly $4.3 million this year, up slightly from 2012.
But the year’s pay was relatively modest compared with 2011, when he took the company’s helm. That year, Apple’s board set him up with stock now worth $510 million.
– From news service reports