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Toyota is recalling 342,000 Tacoma midsize pickup trucks to fix a problem with the seat belts. The recall affects the company’s Access Cab models made from 2004 to 2011. The company will notify owners of the pickups by mail, and dealers will fix them free of charge. Owners can call Toyota at 800-331-4331.
No GM dividend
General Motors Co. Chief Executive Officer Dan Akerson said the automaker doesn’t plan to pay a dividend in 2013. “I don’t think that’s going to happen this year,” Akerson said Wednesday, referring to the dividend, during an interview on Bloomberg Radio.
Advanced battery technology from Johnson Controls that saves fuel by shutting down a car’s engine when stopped at a traffic light has taken Europe by storm. Now it’s making greater inroads state-side. General Motors Co. will incorporate start-stop batteries in the 2014 Chevrolet Malibu, which goes on sale this fall, Johnson Controls announced.
Aramark Corp., the provider of institutional food and facilities services in 22 countries, is planning an initial public offering, according to a regulatory filing. The Philadelphia-based company didn’t specify how many shares it would offer or at what price, according to the filing.
Consumer borrowing climbs
Consumer borrowing in the U.S. climbed in June after the biggest gain in three months as lenders responded to a pickup in auto sales. The $13.8 billion increase in credit followed a revised $17.5 billion advance in the previous month that was smaller than initially reported, Federal Reserve figures showed Wednesday. Non-revolving borrowing, which includes auto financing and school loans, increased by the most in four months.
Android phones maintain lead
Research firm IDC says Apple’s iPhone continued to lose market share to Android phones in the second quarter. IDC says the iPhone remains No. 2 behind Android. In the quarter, Android phones accounted for 79 percent of worldwide shipments, up from 69 percent a year ago. Shipments of iPhones also grew, but their market share fell to 13 percent from nearly 17 percent. Microsoft’s Windows Phone was third with a nearly 4 percent share, followed by BlackBerry at almost 3 percent.
Bum baby apps?
A consumer advocacy group says parents are getting duped into thinking mobile apps can make their babies and toddlers smarter. The Campaign for a Commercial-Free Childhood says mobile apps by Fisher-Price and Open Solutions violate truth-in-advertising laws in claiming their apps can teach babies the alphabet or logic skills. The group filed a complaint Wednesday with the Federal Trade Commission.
The Star’s news services