The Volkswagen luxury brand said in U.S. government documents that pumps can become blocked with cooling system debris, or moisture in the pump can cause an electrical short. An Audi spokesman in the United States said there have been reports of fires.
Dealers will replace the pumps at no cost to owners. The spokesman said Tuesday that redesigned parts won’t be ready until November, but dealers will install a new version of the current pump until the redesigned ones are available.
Audi recalled the same vehicles last year, and dealers did a software update. But the company said in documents posted Tuesday by the U.S. National Highway Traffic Safety Administration that pump problems continued.
— Associated Press
Wells Fargo investors vote to raise executive pay
Wells Fargo’s leaders deserve fatter paychecks after a tough year, according to investors.
Shareholders voted 92.4 percent in favor Tuesday of the bank’s executive compensation decisions — a sign of support for management at the firm’s annual meeting in Des Moines.
This year’s result is down from 96 percent last year. Some critics of the bank expressed outrage last month after the firm awarded chief executive Tim Sloan a $17.4 million package for 2017, a 36 percent raise.
Shareholders also approved the election of directors, with every candidate receiving at least 89.9 percent support, based on the preliminary vote released by the company.
— Bloomberg News
Alaska Air tightens policy on animals
Alaska Airlines has updated its policy on emotional support animals following an increase in incidents involving them on planes and in airports, including some in which customers and employees suffered bites.
Starting May 1, customers flying with psychiatric service animals must provide animal health and behavioral papers and a signed document from a medical professional at least 48 hours before departure.
The airline also will ban amphibians, goats and animals with hoofs, tusks or horns. Alaska Airlines spokesman Tim Thompson said there will be an exception for trained miniature horses, which are recognized as service animals under the Americans With Disabilities Act.
— Associated Press
Also in Business
Several unions in Puerto Rico are suing a federal control board overseeing the U.S. territory’s finances and demanding that it be declared unconstitutional. The lawsuit filed Tuesday in federal court also names the U.S. government and Puerto Rico’s governor and wants a fiscal plan the board approved last week to be suspended until the island’s debt is audited. The plan contains several austerity measures the local government has refused to implement. In addition, the lawsuit states that two of the board’s seven members should be removed because of an alleged conflict of interest. It also asks that the board and Puerto Rican government be temporarily barred from selling the island’s power company.
Earnings: Boeing, Chipotle, Facebook, Ford, Twitter, Visa.