The administrator of General Motors Co.'s ignition switch compensation fund has deemed 45 deaths eligible for compensation, as the overall number of claims submitted to the program climbed to more than 2,700 as of Friday.
The certification of a 200-member collective action against Avis Budget Car Rental LLC over its classification of shift managers as overtime-exempt should stand, a New York federal magistrate judge recommended Monday.
Hyundai Motor's chairman and vice chairman are said to be orchestrating an offering of $1.25 billion worth of shares to smooth succession in the family-owned conglomerate, while state-owned oil giant China Petroleum & Chemical may carve out its gas station and convenience store unit in a Hong Kong IPO that could raise $5 billion.
BMW of North America LLC said Friday that a putative class action over defective batteries should remain in New Jersey federal court rather than state court because the plaintiffs are unable to accurately estimate damages and may be forum shopping.
German automotive supplier ZF Friedrichshafen AG said Monday it is issuing a €2.2 billion ($2.6 billion) bonded loan to repay part of the financing for its $13.5 billion acquisition of U.S.-based rival TRW Automotive Holdings Corp. announced last year.
Daimler AG told a Georgia federal court Friday that a putative class’ claims that the company's Mercedes-Benz E-Class vehicles leak fuel are now moot after it agreed to expand the vehicles’ warranties and resolved a National Highway Traffic Safety Administration investigation.
The $70 million fines leveled against American Honda Motor Co. Inc. on Thursday are the highest federal regulators have ever imposed for safety reporting failures, but the automaker’s admissions of “systemic failures” may ultimately pose a larger threat to its bottom line, since plaintiffs will likely use it in the ongoing air bag defect litigation against the company.
The U.S. Environmental Protection Agency on Friday told the D.C. Circuit that several trucking companies had no standing to challenge a 2014 rule that heightened greenhouse gas standards for trucks and other medium and heavy-duty vehicles.
The Federal Circuit on Thursday refused to reconsider its ruling that GPS patents asserted against American Honda Motor Co. are unenforceable because the inventor intentionally withheld information about prior art from the patent office.
A onetime supervisor with Mercedes-Benz USA LLC has launched a discrimination suit in New Jersey against the automaker, contending that he personally suffered anti-Muslim bias and that he was pressured to fire older employees.
AutoZone Inc. on Thursday urged an Arizona federal judge to decertify a collective wage-and-hour action brought by store managers days before heading to trial, saying evidence plaintiffs intend to show is inadequate to support a claim that alleged wage violations were systemic, and would be unfair to the company.
Mercedes-Benz USA LLC's plans to move its U.S. headquarters from New Jersey dealt the state's business retention efforts an early blow this year, but a top official told Law360 before that move that recently revamped economic incentives are bearing fruit and should continue to spur transformative investment in urban areas like Camden.
A Toyota Motor Sales USA Inc. customer filed a putative class action in California federal court on Thursday claiming Toyota gave his information to Sirius XM Holdings Inc., which made a number of unsolicited calls to his cellphone in violation to the Telephone Consumer Protection Act.
Bitauto Holdings Limited, a Chinese e-commerce services provider for the auto industry, has secured $1.55 billion in investments from Internet companies JD.com Inc. and Tencent, an infusion Bitauto said Friday will expand its platform and make it easier for China’s growing number of car buyers to shop online.
Virginia’s Supreme Court on Thursday reversed a $14.1 million jury verdict against Hyundai Motor Co. Ltd., ruling that an expert’s testimony had too much conjecture in a case over a side air bag in a Hyundai Tiburon that failed to deploy.
A pair of Chinese tire companies locked horns with the U.S. government Thursday at the Federal Circuit over a 2012 law giving the U.S. Department of Commerce the right to slap countervailing duties on nonmarket economy imports, alleging that the law flouts the due process clause of the Constitution.
In a split decision Wednesday, the Sixth Circuit found that an employee pension agreement between General Motors LLC, the United Automobile Workers and Delphi Corp. does not qualify as a pension plan under federal law and a lower court properly tossed litigation brought by former employees who say the companies faile to honor the agreement.
The Ninth Circuit on Thursday kept a putative employment class action against trucking company Knight Transportation Inc. in federal court, applying a separate Thursday ruling that defendants trying to establish an amount-in-controversy under the Class Action Fairness Act must use reasonable assumptions.
Polymer products maker Myers Industries Inc., the largest distributor of supplies for tire, wheel and under-vehicle repair in the U.S., said Thursday it has agreed to sell its lawn and garden business for $115 million to an entity controlled by private equity firm Wingate Partners LLP.
The private equity owners of Singapore computer chip company UTAC are resurrecting IPO plans and are mulling a U.S. listing, while buyout firm Cinven is looking to part ways with German truck parts maker Jost Group through either a sale or an IPO.