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Hyundai Motor America said it will pay a $17.4 million civil penalty and comply with the National Highway Traffic Safety Administration’s oversight requirements for failing to report in a timely manner a braking system defect that affected Hyundai Genesis vehicle model years 2009 to 2012.August 8, 2014 10 a.m. Share
Hyundai Motor America Inc. in Fountain Valley plans to recall about 470,000 Sonatas over a condition that might cause engines to stall, according to the U.S. National Highway Traffic Safety Administration.
San Clemente-based ICU Medical Inc. said today that it was buying Excelsior Medical Corp. in Neptune, N.J. for $59.5 million.
Allergan PLC, whose eye drug hub is located in Irvine, said today that it will collaborate with Louisville, Ky.-based insurer Humana Inc. on research that will include glaucoma and other eye diseases.
The University of California-Irvine is part of a team that will study water use and energy production under a $50 million grant.
Aston Martin Lagonda Ltd., a British automaker that has its Americas region headquarters in Irvine, hired Laura Schwab to run its operations here.
Two of the four Orange County-based automakers beat the national sales pace for new vehicles in September, according to New Jersey-based market researcher Autodata Corp.
Unisplendour Corp. Ltd. will invest about $3.8 billion in Western Digital Corp., taking a 15% stake in the Irvine-based storage products maker.A Beijing-based company will invest about $3.8 billion in Western Digital Corp., taking a 15% stake in the Irvine-based storage products maker.
The former Fisker Automotive and Technology Group is now Karma Automotive.
TTM Technologies Inc. will shutter three manufacturing plants and lay off 550 workers as part of a global integration plan following its $927 million June acquisition of Viasystems Group Inc., the Costa Mesa-based printed circuit maker announced today.
Laguna Beach-based startup NextVR will stream the Democratic presidential debate next month in Las Vegas on CNN, adding to its list of firsts in the developing virtual reality segment.
Irvine-based Masimo Corp. said today it will donate $5 million worth of its patient monitoring devices to Jordanian hospitals to assist them in providing healthcare to more than 1 million Syrian and Iraqi refugees.
Irvine-based PhageTech Inc. said it closed on $2.4 million in Series A financing to complete development and U.S. Food and Drug Administration approval for disease sensor technology and to commercialize a blood and urine test for bladder cancer.
TECHNOLOGY: Chipmaker to put $15M or more into plant on Jamboree
Israel-based Tower Semiconductor Ltd. is investing $15 million to $20 million to upgrade its Newport Beach manufacturing plant to meet growing demand for new generations of chips for smartphones and other wireless devices.
ENGINEERING: Link to Bay Area test station runs through Irvine
Orange County has become a key pit stop in the race to develop a fully autonomous car.
About 415 people celebrated innovation and the people who create it at the Business Journal’s inaugural Innovator of the Year awards last week at the Hotel Irvine.