Latest news with #corrosion
Zawya
15-07-2025
- Business
- Zawya
Oman: Key forum to spotlight corrosion and materials innovation
MUSCAT - The AMPP Oman Chapter, in collaboration with Petroleum Development Oman (PDO) and the Oman Society for Engineering (OSE), is proud to announce the return of the Oman Corrosion & Materials Innovation Summit, taking place September 15–17, 2025, at the Oman Convention & Exhibition Centre, Muscat. Now in its third edition, the summit is set to welcome over 1,000 professionals from around the world to explore the latest advancements in corrosion prevention, materials science, and asset integrity. With the global cost of corrosion estimated at over $2.5 trillion annually, the event will spotlight innovative strategies to extend infrastructure lifespan, improve safety, and reduce operational risks. 'It was one of the most professionally run and well-attended events we've participated in,' said Arin Shahmoradian, Technical Manager at SPI Coatings, reflecting on the 2024 summit. The 2025 edition will feature keynote addresses, panel discussions, technical presentations, and live demonstrations across sectors including oil & gas, utilities, marine, and infrastructure. Topics include AI-driven integrity management, corrosion under insulation (CUI), smart coatings, and advanced NDT technologies. Alongside the three-day programme addressing Corrosion & Materials, the conference agenda includes a focused track devoted to 'AI in Corrosion Prevention.' This cutting-edge theme will explore how artificial intelligence is reshaping corrosion and integrity management strategies, enabling smarter decision-making, cost efficiency, and real-time insights across industrial operations. The AI track will be structured around five major themes. First, AI for Corrosion Monitoring in Oil & Gas, which explores how AI enables real-time monitoring of pipelines and storage tanks, with a focus on detecting internal corrosion using machine learning and advanced data analytics. Second, Materials Design & Optimization, highlighting how AI is accelerating the development of corrosion-resistant materials and optimizing alloy compositions and protective coatings through predictive modeling. Third, AI-Driven Predictive Maintenance, where participants will learn how integrating AI with IoT sensors helps predict corrosion in critical systems, minimize unplanned downtime, and reduce maintenance costs through proactive intervention. Fourth, AI in Corrosion Inhibition will demonstrate how AI is being used to optimize the selection and dosage of corrosion inhibitors, including predictive models that assess inhibitor effectiveness across various environments. And fifth, AI in Integrity, which focuses on how AI enhances integrity assessment processes—supporting lifecycle asset management, automating risk profiling, and helping asset owners make better-informed decisions. This year's summit takes on added urgency as Oman expands investments in energy, infrastructure, and industrial development. While corrosion is often seen as a background issue, its economic impact is substantial—accounting for an estimated 3–5% of national GDP, based on AMPP figures. For Oman, this translates into hundreds of millions of rials lost annually. Experts believe that with the right strategies in place, Oman could recover up to 30% of these losses by improving corrosion prevention, localizing testing capabilities, and accelerating the adoption of advanced materials and coatings. 'We are proud to host a global platform that fosters scientific collaboration and positions Oman as a center of excellence for corrosion and materials science,' said Amjad al Kharusi, Chairperson of the AMPP Oman Chapter and Conference Chair. Registration is now open. Professionals from across Oman, the GCC, and beyond are invited to join this high-impact platform to exchange ideas, explore new technologies, and forge strategic partnerships in corrosion mitigation and materials innovation. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Yahoo
10-07-2025
- Business
- Yahoo
Northern Technologies International Corporation Reports Financial Results for Third Quarter Fiscal 2025
MINNEAPOLIS, July 10, 2025 (GLOBE NEWSWIRE) -- Northern Technologies International Corporation (NASDAQ: NTIC), a leading developer of corrosion inhibiting products and services, as well as bio-based and biodegradable polymer resin compounds, today reported its financial results for the third quarter of fiscal 2025. Third-quarter fiscal 2025 financial and operating highlights include (with growth rates on a fiscal quarter year-over-year basis): Consolidated net sales increased 4.0% to $21,509,000 ZERUST® industrial net sales increased 7.1% to $14,441,000 ZERUST® oil and gas net sales decreased 5.3% to $1,288,000 Natur-Tec® product net sales decreased 1.2% to $5,780,000 NTIC China net sales increased 27.4% to $4,510,000 Gross profit, as a percent of net sales, increased 20 basis points to 38.4% Joint venture operating income decreased 12.9% to $2,273,000 Operating expenses increased 7.6% to $9,665,000 Net income attributable to NTIC was $122,000, compared to $977,000 Net income per diluted share attributable to NTIC was $0.01, compared to $0.10 Cash provided by operating activities was $3,808,000 for the nine months ended May 31, 2025 'In third quarter, we delivered sequential and year-over-year growth in consolidated net sales supported by top-line improvements across many parts of our business, despite mercurial global trade and geopolitical tensions. This performance reflects the dedication of our team and our focus on supporting existing customers, expanding global customer relationships, and scaling opportunities in higher-growth markets,' said G. Patrick Lynch, President and CEO of NTIC. 'We continue to invest in our ZERUST® oil and gas business, including the addition of new salespeople and other resources to support foreseeable future growth. While ZERUST® oil and gas sales have varied from quarter-to-quarter, sales have produced consistently higher gross margins than our core industrial business and remained over $1.2 million for 13 consecutive quarters, generating cumulative sales of $24 million over this period. Similar to last fiscal year, a number of customers shifted certain larger orders to our fourth quarter. As a result, we expect to see ZERUST® oil and gas sales and profitability improve sequentially in the fourth quarter and into our fiscal 2026,' continued Mr. Lynch. 'We are also closely monitoring Europe as governments begin to implement targeted economic stimulus packages. We expect that any economic recovery these stimulus packages may lead to, especially in Germany, will have a positive impact on our joint venture operating income. While we have faced several macro related challenges in fiscal 2025 to date, we believe we are well positioned for growth and profitability across many of our markets in fiscal 2026 and beyond,' concluded Mr. Lynch. NTIC's consolidated net sales increased 4.0% to $21,509,000 during the three months ended May 31, 2025, compared to $20,686,000 for the three months ended May 31, 2024. The year-over-year increase in consolidated net sales for the third quarter was primarily a result of increased demand for ZERUST® industrial products, partially offset by lower sales in ZERUST® oil and gas and Natur-Tec® product categories. For the nine months ended May 31, 2025, consolidated net sales increased 0.3% to $61,919,000, compared to $61,710,000 for the same period last year. The following tables set forth NTIC's net sales by product category for the three and nine months ended May 31, 2025, and May 31, 2024, by segment: Three Months Ended May 31,2025 % of Net Sales May 31,2024 % of Net Sales % Change ZERUST® industrial net sales $ 14,440,591 67.1 % $ 13,477,181 65.1 % 7.1 % ZERUST® oil & gas net sales 1,288,046 6.0 % 1,360,054 6.6 % (5.3 %) Total ZERUST® net sales $ 15,728,637 73.1 % $ 14,837,235 71.7 % 6.0 % Total Natur-Tec® net sales 5,779,926 26.9 % 5,848,962 28.3 % (1.2 %) Total net sales $ 21,508,563 100.0 % $ 20,686,197 100.0 % 4.0 % Nine Months Ended May 31,2025 % of Net Sales May 31,2024 % of Net Sales % Change ZERUST® industrial net sales $ 40,965,696 66.2 % $ 40,431,379 65.5 % 1.3 % ZERUST® oil & gas net sales 4,350,761 7.0 % 5,029,696 8.2 % (13.5 %) Total ZERUST® net sales $ 45,316,457 73.2 % $ 45,461,075 73.7 % (0.3 %) Total Natur-Tec® net sales 16,602,565 26.8 % 16,249,335 26.3 % 2.2 % Total net sales $ 61,919,022 100.0 % $ 61,710,410 100.0 % 0.3 % NTIC's joint venture operating income decreased 12.9% to $2,273,000 during the three months ended May 31, 2025, compared to joint venture operating income of $2,609,000 during the three months ended May 31, 2024. The $336,000 decrease in joint venture operating income was primarily due to lower sales and a reduction in equity in income from NTIC's joint ventures. Net sales of NTIC's joint ventures, which are not consolidated with NTIC's financial results, decreased 9.3% to $23,212,000 during the three months ended May 31, 2025, compared to $25,602,000 for the three months ended May 31, 2024. Year-to-date, NTIC's joint venture operating income was $6,378,000, compared to joint venture operating income of $7,441,000 during the nine months ended May 31, 2024. Net sales of NTIC's joint ventures were $66,848,000 for the nine months ended May 31, 2025, compared to $72,643,000 for the nine months ended May 31, 2024. Operating expenses, as a percent of net sales, for the third quarter of fiscal 2025 were 44.9%, compared to 43.4% for the same period last fiscal year. Year-to-date, operating expenses, as a percent of net sales, were 45.1%, compared to 42.0% for the same period last fiscal year. Higher operating expenses for the three and nine months ended May 31, 2025, were primarily due to strategic investments in ZERUST® oil and gas sales infrastructure and increased personnel expenses, including new hires, benefits, and higher travel and professional fees. NTIC recognized $1,140,000 in other income during the nine months ended May 31, 2025, due to the receipt of a cash ERC payment. No other income was recognized during the prior year period. Net income attributable to NTIC for the third quarter of fiscal 2025 was $122,000, or $0.01 per diluted share, compared to net income of $977,000, or $0.10 per diluted share, for the same period last fiscal year. Year-to-date, net income attributable to NTIC was $1,117,000, or $0.12 per diluted share, compared to net income of $3,573,000, or $0.36 per diluted share, for the same period last fiscal year. NTIC's non-GAAP adjusted net income, as set forth in the GAAP reconciliation at the end of this release, was $228,000, or $0.02 per diluted share, for the third quarter of fiscal 2025, compared to $1,082,000, or $0.11 per diluted share, for the same quarter last fiscal year. Year-to-date, non-GAAP adjusted net income was $595,000, or $0.06 per diluted share, compared to net income of $3,891,000, or $0.39 per diluted share, for the same period last fiscal year. NTIC had working capital of $21,662,000 as of May 31, 2025, including $6,773,000 in cash and cash equivalents and an outstanding revolving line of credit and term loan balance of $10,148,000, compared to $23,682,000 of working capital as of August 31, 2024, including $4,952,000 in cash and cash equivalents and an outstanding revolving line of credit and term loan balance of $7,112,000. At May 31, 2025, the Company had $27,139,000 of investments in joint ventures, of which $13,500,000, or 49.7%, is cash, with the remaining balance mostly made up of other working capital. Conference Call and Webcast NTIC will host a conference call today at 8:00 a.m. Central Time to review its results of operations for the third quarter of fiscal year 2025 and its outlook, followed by a question-and-answer session. The conference call will be available to interested parties through a webcast. To join the live call and ask a question, a participant must register using the URL below. Once registered, the participant will receive a dial-in number and unique PIN number to access the call. The audio-only webcast can be accessed at the following link: A link to the webcast is also available on the Investor Relations section of NTIC's webpage. Participants are advised to go to the website at least 15 minutes early to register, download and install any necessary audio software. For those unable to participate in the live webcast, a replay of the webcast will be archived and accessible for approximately one year on the Investor Relations section of NTIC's webpage. About Northern Technologies International Corporation Northern Technologies International Corporation develops and markets proprietary, environmentally beneficial products and services in over 65 countries either directly or via a network of subsidiaries, joint ventures, independent distributors and agents. NTIC's primary business is corrosion prevention marketed mainly under the ZERUST® brand. NTIC has been selling its proprietary ZERUST® rust and corrosion inhibiting products and services to the automotive, electronics, electrical, mechanical, military and retail consumer markets for over 50 years and more recently has also targeted and expanded into the oil and gas industry. NTIC offers worldwide on-site technical consulting for rust and corrosion prevention issues. NTIC's technical service consultants work directly with the end users of NTIC's products to analyze their specific needs and develop systems to meet their technical requirements. NTIC also markets and sells a portfolio of bio-based and biodegradable polymer resin compounds and finished products marketed under the Natur-Tec® brand. Forward-Looking Statements Statements contained in this release that are not historical information are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include NTIC's beliefs that ZERUST® oil and gas sales and profitability will improve sequentially in the fourth quarter and into NTIC's fiscal 2026, European economic stimulus packages will have a positive impact on NTIC's joint venture operating income, NTIC is well positioned for growth and profitability across many of its markets in fiscal 2026 and beyond, and other statements that can be identified by words such as 'believes,' 'continues,' 'expects,' 'anticipates,' 'intends,' 'potential,' 'outlook,' 'will,' 'may,' 'would,' 'should,' 'guidance' or words of similar meaning, and the use of future dates. Such forward-looking statements are based upon the current beliefs and expectations of NTIC's management and are inherently subject to risks and uncertainties that could cause actual results to differ materially from those projected or implied. Such potential risks and uncertainties include, but are not limited to, in no particular order: the health of the U.S. and worldwide economies, including in particular the U.S. automotive industry and its evolution towards electric vehicles; the effect of economic uncertainty, recessionary indicators, inflation, increased interest rates and turmoil in the global credit, financial and banking markets or perception thereof; effect of supply chain disruptions; dependence on joint ventures, relationships with joint venture partners and their success, including fees and dividend distributions; risks associated with international operations, including NTIC China, exposure to exchange rate fluctuations, tariffs, trade disputes and changes to trade regulation; effect of economic slowdown and political unrest, including the wars between Russia and Ukraine and Israel and Hamas; the level of growth in NTIC's markets; NTIC's investments in research and development efforts; acceptance of existing and new products; timing of purchase orders under supply contracts; variability in sales to oil and gas customers and effect on quarterly financial results; increased competition; costs and effects of complying with changes in tax, fiscal, government and other regulatory policies, and rules relating to environmental, health and safety matters; and NTIC's reliance on its intellectual property rights and the absence of infringement of the intellectual property rights of others. More detailed information on these and additional factors which could affect NTIC's operating and financial results is described in NTIC's filings with the Securities and Exchange Commission, including its annual report on Form 10-K for the fiscal year ended August 31, 2024 and subsequent quarterly reports on Form 10-Q. NTIC urges all interested parties to read these reports to gain a better understanding of the many business and other risks that it faces. Additionally, NTIC undertakes no obligation to publicly release the results of any revisions to these forward-looking statements, which may be made to reflect events or circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Use of Non-GAAP Financial Measures In addition to the financial measures prepared in accordance with U.S. generally accepted accounting principles (GAAP), this release contains non-GAAP financial measures, including adjusted net income attributable to NTIC and adjusted net income attributable to NTIC per diluted share. NTIC's reasons for use of these measures, reconciliations of these non-GAAP financial measures to the most directly comparable GAAP measures and other information are included at the end of this release. Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as a substitute for NTIC's financial results prepared in accordance with GAAP. NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION AND SUBSIDIARIES CONSOLIDATED BALANCE SHEETS AS OF MAY 31, 2025 (UNAUDITED) AND AUGUST 31, 2024 (AUDITED) May 31, 2025 August 31, 2024 ASSETS CURRENT ASSETS: Cash and cash equivalents $ 6,773,401 $ 4,952,184 Receivables: Trade, less allowance for credit losses of $310,000 as of May 31, 2025 and August 31, 2024 16,611,517 19,187,079 Fees for services provided to joint ventures 1,113,346 1,235,016 Income taxes 993,317 392,293 Inventories, net 14,922,885 14,390,844 Prepaid expenses 2,185,920 1,421,803 Total current assets $ 42,600,386 $ 41,579,219 PROPERTY AND EQUIPMENT, NET $ 15,459,229 $ 16,265,653 OTHER ASSETS: Investments in joint ventures 27,139,197 25,397,287 Deferred income tax, net 491,566 544,464 Intangible assets, net 8,464,861 5,682,945 Goodwill 4,782,376 4,782,376 Operating lease right of use assets 365,766 424,558 Total other assets 41,243,766 36,831,630 Total assets $ 99,303,381 $ 94,676,502 LIABILITIES AND EQUITY CURRENT LIABILITIES: Line of credit $ 7,369,949 $ 4,291,608 Term loan 2,778,125 2,820,835 Accounts payable 7,230,630 6,393,355 Income taxes payable 319,941 327,781 Accrued liabilities: Payroll and related benefits 1,970,408 3,163,372 Other 1,187,271 574,876 Current portion of operating leases 82,347 325,116 Total current liabilities $ 20,938,671 $ 17,896,943 LONG-TERM LIABILITIES: Deferred income tax, net 1,504,796 1,504,796 Operating leases, less current portion 283,419 99,442 Total long-term liabilities $ 1,788,215 $ 1,604,238 COMMITMENTS AND CONTINGENCIES EQUITY: Preferred stock, no par value; authorized 10,000 shares; none issued and outstanding — — Common stock, $0.02 par value per share; authorized 15,000,000 shares as of May 31, 2025 and August 31, 2024; issued and outstanding 9,474,363 and 9,466,980, respectively 189,487 189,340 Additional paid-in capital 24,715,123 23,615,564 Retained earnings 53,467,780 53,771,211 Accumulated other comprehensive loss (6,017,390 ) (6,382,124 ) Stockholders' equity 72,355,000 71,193,991 Non-controlling interests 4,221,495 3,981,330 Total equity 76,576,495 75,175,321 Total liabilities and equity $ 99,303,381 $ 94,676,502 NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) FOR THE THREE AND NINE MONTHS ENDED MAY 31, 2025 AND 2024 Three Months Ended Nine Months Ended May 31, 2025 May 31, 2024 May 31, 2025 May 31, 2024 NET SALES: Net sales $ 21,508,563 $ 20,686,197 $ 61,919,022 $ 61,710,410 Cost of goods sold 13,249,123 12,793,103 38,701,045 38,143,878 Gross profit 8,259,440 7,893,094 23,217,977 23,566,532 JOINT VENTURE OPERATIONS: Equity in income from joint ventures 970,314 1,396,731 2,720,637 3,676,962 Fees for services provided to joint ventures 1,302,598 1,212,497 3,656,980 3,764,514 Total joint venture operations 2,272,912 2,609,228 6,377,617 7,441,476 OPERATING EXPENSES: Selling expenses 4,375,956 4,232,887 12,515,638 12,053,839 General and administrative expenses 4,150,966 3,500,113 11,668,492 10,253,966 Research and development expenses 1,138,243 1,245,405 3,770,539 3,593,582 Total operating expenses 9,665,165 8,978,405 27,954,669 25,901,387 OPERATING INCOME 867,187 1,523,917 1,640,925 5,106,621 INTEREST INCOME 37,821 23,744 273,544 99,396 INTEREST EXPENSE (162,096 ) (59,939 ) (421,471 ) (248,835 ) OTHER INCOME — — 1,139,756 — INCOME BEFORE INCOME TAX EXPENSE 742,912 1,487,722 2,632,754 4,957,182 INCOME TAX EXPENSE 410,461 332,400 903,529 848,391 NET INCOME 332,451 1,155,322 1,729,225 4,108,791 NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS 210,676 178,718 612,040 535,497 NET INCOME ATTRIBUTABLE TO NTIC $ 121,775 $ 976,604 $ 1,117,185 $ 3,573,294 NET INCOME ATTRIBUTABLE TO NTIC PER COMMON SHARE: Basic $ 0.01 $ 0.10 $ 0.12 $ 0.38 Diluted $ 0.01 $ 0.10 $ 0.12 $ 0.36 WEIGHTED AVERAGE COMMON SHARES ASSUMED OUTSTANDING: Basic 9,474,363 9,431,134 9,475,967 9,432,684 Diluted 9,539,766 10,015,674 9,686,646 9,819,220 CASH DIVIDENDS DECLARED PER COMMON SHARE $ 0.01 $ 0.07 $ 0.15 $ 0.21 NORTHERN TECHNOLOGIES INTERNATIONAL CORPORATION AND SUBSIDIARIESRECONCILIATION OF GAAP TO NON-GAAP MEASURES(UNAUDITED, IN THOUSANDS, EXCEPT SHARE AND PER SHARE AMOUNTS) The accompanying press release contains certain non-GAAP financial measures, including adjusted net income attributable to NTIC and adjusted net income attributable to NTIC per diluted share, which are not calculated or presented in accordance with accounting principles generally accepted in the United States (GAAP). These non-GAAP financial measures are supplemental information and in addition to the financial measures presented in the accompanying release that are calculated and presented in accordance with GAAP. NTIC uses non-GAAP financial measures as supplemental measures of performance and believes these measures facilitate operating performance comparisons from period to period and company to company by factoring out potential differences caused by non-recurring, unusual or infrequent charges not related to NTIC's regular, ongoing business. NTIC also believes that the presentation of certain non-GAAP financial measures provides useful information to investors in evaluating the company's operations, period over period. Such non-GAAP financial measures should not be considered superior to, as a substitute for, or as an alternative to, and should be considered in conjunction with, the GAAP financial measures presented in the release. The non-GAAP financial measures in the accompanying release may differ from similar measures used by other companies. The following is a reconciliation of NTIC's reported net income attributable to NTIC and reported net income attributable to NTIC per diluted common share to adjusted net income attributable to NTIC and adjusted net income attributable to NTIC per diluted common share, in each case, as adjusted to exclude the contribution from the receipt of an ERC payment and amortization expense. Three Months Ended Nine Months Ended May 31, May 31, May 31, May 31, 2025 2024 2025 2024 Net income attributable to NTIC, as reported $ 121,775 $ 976,604 $ 1,117,185 $ 3,573,294 Adjustments for adjusted net income: Other income from ERC — — (1,139,757 ) — Bonus expense impact from ERC — — 300,000 — Amortization expense 105,783 105,783 317,349 317,349 Non-GAAP adjusted net income $ 227,558 $ 1,082,387 $ 594,777 $ 3,890,643 Weighted average shares outstanding (diluted) 9,539,766 10,015,674 9,686,646 9,816,220 Diluted net income per share, as reported 0.01 0.10 0.12 0.36 Adjustments for adjusted net income, net of tax impact, per diluted share 1 0.01 0.01 (0.06 ) 0.03 Non-GAAP diluted adjusted net income per share $ 0.02 $ 0.11 $ 0.06 $ 0.39 1 Includes adjustments related to the items noted above, net of tax Investor and Media Contact:Matthew Wolsfeld, CFONTIC(763) 225-6600Sign in to access your portfolio
CBS News
03-07-2025
- Automotive
- CBS News
"Vital" Ross Township bridge closed after crews find corroded steel in pier
A bridge that's a "vital link" for drivers in Ross Township has closed after crews found corroded steel in the only pier, Allegheny County Public Works announced on Thursday. Jacks Run Road Bridge No. 3, which carries the road over I-279 between Bellevue Road/Bellpark Drive and Kane Lane in Ross Township, will be closed for an undetermined time after an inspection. Inspectors find corroded steel in bridge's only pier Public Works said inspectors found corroded steel within the bridge's only pier, making it impossible for engineers to determine how much weight the bridge can safely hold. In 2021, Public Works hired a consultant to start designing a replacement for the bridge, which was built in 1986 and is used by an average of about 4,600 drivers a day. Construction on a new bridge was expected to happen in 2027. However, Public Works said plans changed when a consultant, hired to address concrete deterioration, was asked to look closer at the pier. During the inspection, Public Works said the consultant learned the steel reinforcement bars that provide strength to the pier were corroded, and some were completely broken. A bridge that's a "vital link" for drivers in Ross Township has closed after crews found corroded steel in the only pier, Allegheny County Public Works announced on July 3, 2025. (Photo: Allegheny County) Public Works trying to figure out fix Now Public Works is trying to decide if it's feasible to move up the replacement project's schedule. If not, Public Works said it will try to reopen the bridge as quickly as possible by shoring up the pier. There's no timetable for how long that will take, though. "Out of an abundance of caution and to ensure the safety of drivers using the bridge and those driving underneath it on I-279, we made the difficult decision to close the bridge today," Public Works Director Stephen Shanley said in a news release. "This is not a decision we took lightly. We know this is a vital link for drivers in Ross, and we will do everything possible to get the bridge reopened as soon as possible. Thank you to those impacted by this closure for your patience and understanding."
Yahoo
18-06-2025
- Automotive
- Yahoo
NHTSA closes engineering analysis on more than 2 million Nissan vehicles
(Reuters) -The National Highway Traffic Safety Administration said on Wednesday it had closed an engineering analysis on 2,038,307 Nissan Motor vehicles over issues related to rear suspension control arm failure. The investigation, which covered 2013-2018 Nissan Altima and 2016-2018 Nissan Maxima vehicles, looked into whether the lower control arm of the rear suspension system may separate from the chassis due to corrosion, NHTSA said. "Nissan acknowledges that a crack can develop in affected control arms due to stress loading from normal use and that salts commonly used for roadway snow and ice treatment may result in corrosion that exacerbates the progression of the crack," the agency added. The U.S. auto safety regulator said Nissan implemented a design change in January 2018 to improve the durability of the lower control arm. Some affected vehicles have been repaired with the countermeasure part under a customer satisfaction campaign, while some were provided a warranty extension to 10 years or unlimited mileage from three years or 36,000 miles. "With a declining trend of reports and Nissan's actions to implement a countermeasure and extended warranty coverage, further investigation of the issue does not appear to be warranted at this time," NHTSA said.
CTV News
28-05-2025
- General
- CTV News
Closure of Louise Bridge extended
A Winnipeg bridge will remain closed longer than originally planned, according to the city. The Louise Bridge shut down on Friday and was expected to open yesterday. However, the bridge is still closed, and information on the city's website notes it will stay closed until June 1. A spokesperson for the city said during a bridge inspection crews found 'some accelerated corrosion.' 'We are inspecting additional locations this week and developing a plan to repair the affected areas. Repairs to signals at the south end of the bridge are also underway and will be completed this week during the bridge closure,' they said. The closure impacts both directions of the bridge as well as the west and east side sidewalks.
