Business Briefs: Wal-Mart gives cupcakes for free Sunday afternoon

Business Briefs: Wal-Mart gives cupcakes for free Sunday afternoon

March 11th, 2017 by Dave Flessner in Business Around the Region

Wal-Mart gives cupcakes for free Sunday afternoon

Whether it is your birthday or not, Wal-Mart Supercenters in Chattanooga will be giving everyone free birthday cupcakes Sunday from noon to 4 p.m.

Wal-Mart expects to give away 3 million free cupcakes nationwide, including 99,120 in Tennessee.

All Wal-Mart Supercenters will give away one free chocolate or vanilla cupcake per customer to anyone who wants one, regardless of when their birthdays are. This is the first time Wal-Mart has ever done a cupcake giveaway on this scale.

Photo by Contributed Photo /Times Free Press.

Chattanooga Auto Square names Sconzo as manager

Steven Sconzo has been named executive general manager of Chattanooga Auto Square, which comprises four luxury automotive brands: Jaguar, Porsche, Land Rover and Infiniti.

Sconzo comes to Chattanooga from Hilton Head Island, S.C., where he was luxury platform manager for Coastal States Automotive Group. He has more than 25 years of experience working in the luxury automotive space, including with three of the brands he will manage at Chattanooga Auto Square: Jaguar, Porsche and Land Rover. Sconzo says he is excited to work with the Infiniti brand.

"I learned a long time ago to treat every customer like they are a guest in your home," he said. "We are excited to be in a city with a strong culture and a history of innovation."

Chattanooga Auto Square, located on Lee Highway near the I-75 Bonny Oaks Drive exit, is a division of Furrow Automotive, which has served the luxury automotive needs of East Tennesseans for more than 100 years.

BMW recalls 34,000 SUVs over driveshafts

BMW is adding nearly 134,000 SUVs to a 2016 recall to fix driveshaft joints that can fail and could cause the vehicles to stop moving.

The expanded recall covers certain X5 and X6 SUVs from the 2011 to 2014 model years in the U.S. and Canada.

The company recalled about 21,000 of the vehicles last year. It decided to expand the recall after getting more warranty claims.

BMW says some front universal joint seals were manufactured wrong and can let water and dirt into the joint. That can cause faster wear and potential failure. The company says in government documents that it has no reports of crashes or injuries.

BMW will replace the front driveshaft at no cost to owners starting on April 24.

Caterpillar refutes challenges that it skirted tax laws

Caterpillar, a week after its headquarters and other facilities were raided by a number of federal agencies including the Internal Revenue Service, denied that it had broken any federal tax laws.

"The IRS has challenged Caterpillar's taxes for years 2007-2012," the company said Friday. "We disagree with the IRS' position, have cooperated for requests for information and believe that we are compliant with tax laws and stand by our financial reporting."

Caterpillar has been challenged for some time by federal agencies in regard to its accounting practices, and last week the company said that the raids may have been related to a Swiss business called CSARL.

In a filing with the Securities and Exchange Commission last month, Caterpillar said that the IRS had informed the company that it owed $2 billion in additional taxes for the years 2010 to 2012 because of profits from that Swiss unit.

"Caterpillar takes very seriously its obligation to follow tax law and pay what it owes," the company said Friday.