Auto part maker Takata said it would stop supplying the “batwing-shaped propellant wafers” reportedly behind the car massive recall due to defective airbags. Takata air bags, however, will still contain a chemical compound in its propellant that experts say could be dangerous.
US car sales remain strong, however, with 2015 on track to have the highest sales in a decade. General Motors, for example, had its strongest sales pace in May since January 2006 and Fiat Chrysler saw sales hit their highest number since March 2007.
US factory orders took a dive in April by 0.4%. This is the eighth time in 9 months factory orders have slid.
Economic confidence is down, too, according to Gallup. Its Economic Confidence Index fell to an average of -7 last month, a 4-point slide from April.
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