Stephen Washington

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Honda says new Takata air bag death reported in Texas | Reuters

WASHINGTON/DETROIT (Reuters) - A 17-year-old driver of a recalled 2002 Honda Civic was killed last month after a Takata Corp 7312.T air bag ruptured during a rear-end crash, Honda Motor Co (7267.T) and U.S. regulators said on Wednesday, the 10th U.S. death linked to a defect that has prompted …

Instagram Is Now Worth $35 Billion: Analysts

In April 2012, Facebook bought a trendy photo-posting app called Instagram for $1 billion. Today, Instagram is estimated to be worth $35 billion.<p>The new figure comes courtesy of Citi, which attributed the valuation to “faster audience growth as well as continued monetization gains by social media …

Social Media

Scary leap of faith paying off for one of Canada's first Toyota dealers

In 1964, Bill Pasincky took a giant leap of faith. The then-28-year-old, who already owned a service station in Fort Erie, Ontario, signed a deal with a little-known car maker new to Canada to service and then sell its cars.<p>"I had the Toyota representative at my little home and we made a deal for …

Warren Buffett’s favorite electric car company just lost a lot of juice

BYD—which stands for Build Your Dreams—is a Chinese electric-car maker with big ambitions. Warren Buffett likes it a lot, and according to FactSet his firm, Berkshire Hathaway, owns 25% of its Hong Kong-listed shares. Unfortunately for him, neither analysts nor Chinese car buyers are as enamored of …

Electric Vehicles