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German automaker Audi A.G. is recalling nearly 1.3 million cars across the world due to the risk of a fire caused by "thermal overload occurring at the plug connectors of the electrical connections in the auxiliary heater due to friction corrosion," Autocar reported. The recall includes 875,000 cars in Europe, 250,000 in North America and 47,000 in Asia.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
2. Zurich Insurance to stop underwriting new oil and gas projects
3. Bermudan, European reinsurers to suffer major hit from bridge collapse
4. Tycoon gets death sentence for multi-billion-dollar fraud
5. Inflation drives 10% increase in sum insured for windstorms
6. Apple loses bid to throw out $977M lawsuit over app store fees