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As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

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Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

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The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish

1

As CEO of the $96 billion Sam’s Club, Latriece Watkins is testing her mettle at the warehouse retailer that produced CEOs for Walmart, Target, and Walgreens

2

Jeff Bezos wants the bottom half of earners to pay zero income tax—he says nurses making just $75K should save $12K a year

3

The river that supplies 40 million Americans is down to 23% — and about to make a $25 million bet on one fish
Retail

BMW is recalling nearly 750,000 cars because they could short circuit and catch fire

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The Associated Press
The Associated Press
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By
The Associated Press
The Associated Press
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August 20, 2024, 9:48 AM ET
A BMW X1 car sits in a showroom in Thailand
BMW X1 sDrive 20d xLine displayed during the Thailand International Motor Expo 2022 at Impact Challenger Muang Thong Thani on November 30, 2022, in Nonthaburi, Thailand.Vachira Vachira/NurPhoto—Getty Images

BMW is recalling more than 720,000 vehicles due to an issue with the water pump’s electrical connector that could potentially lead to a fire.

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The National Highway Traffic Safety Administration said that the recall includes some X1, X3 and X5 vehicles as well as some other models.

The impacted vehicles have water pumps with insufficient sealing, according to the NHTSA report, and may be susceptible to fluid ingress at the electrical plug connector over time. There is the possibility that a short circuit could occur, and there’s the potential for a fire, in rare cases.

Water pumps and plug connectors will be inspected and replaced as necessary. A shield will be also installed to divert any fluid that might drop down onto the pump from the positive crankcase ventilation system’s intake air house, the report said.

Vehicle owners are expected to receive a recall notification in October. They will be instructed to take their cars to an authorized BMW center to have the appropriate remedies performed for free.

The Fortune 500 Innovation Forum will convene Fortune 500 executives, U.S. policy officials, top founders, and thought leaders to help define what’s next for the American economy, Nov. 16-17 in Detroit. Apply here.
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