President Barack Obama on Thursday named National Transportation Safety Board’s acting Chairman Christopher Hart to take on the role permanently, putting him up for a two-year term in the lead seat, the White House said in a statement.
A Minnesota federal judge has ordered two American International Group Inc. insurers to turn over communications with reinsurers, underwriting files and loss reserve information to Donaldson Co. Inc. in an insurance dispute involving claims of faulty air-intake ducts in trucks.
Financial litigation law firm Grant & Eisenhofer PA picked up a former Brown Rudnick LLP creditor-side bankruptcy attorney with experience representing creditors in high-profile bankruptcies, including General Motors Co., for business in the automotive, chemical, energy, entertainment, manufacturing and retail industries among others, the firm said Wednesday.
Graeme Hart, New Zealand's richest man, is sizing up the sale of his U.S. auto parts maker, which he bought for almost $2 billion in 2011, while food retailer TreeHouse Foods is inching closer to inking a deal for Flagstone Foods for up to $900 million.
Kenneth Feinberg, the settlement expert charged with containing the legal fallout from General Motors Co.’s deadly ignition switch defect, will unveil his compensation program for victims on Monday.
State Farm Mutual Automobile Insurance Co. asked a Mississippi federal judge on Thursday to junk an antitrust suit accusing it and other insurers of conspiring to manipulate car repair costs to reduce their repair-shop payments, arguing the complaint contains vague and conclusory allegations.
A California federal judge indicated Thursday that he would soon approve Hyundai Motor America and Kia Motors America’s settlement of multidistrict class action allegations they overstated the fuel efficiency of more than 900,000 vehicles, saying the claims process needed revision but rejecting dissident class members' attack on the deal.
The Fourth Circuit on Thursday upheld the dismissal of claims in a suit alleging Ford Motor Co. imposed unlawful conditions over the sale of a dealership, saying Ford properly exercised its right of first refusal under Virginia law by rejecting the proposed sale.
Mary Barra, the chief executive officer of General Motors Co., said on Thursday that more vehicles could be recalled down the road as the embattled automotive giant continues its investigation into recent safety developments that led to the recall of more than 20 million vehicles.
A Florida federal judge on Wednesday was urged to certify a class of Ford Explorer owners and lessors in a suit accusing the automotive giant of misleading consumers about a defect in the vehicles’ exhaust system that exposes passengers to dangerous levels of carbon monoxide.
Traffic Information LLC launched a slew of lawsuits Wednesday in Texas federal court accusing companies including Hyatt Corp., Michaels Stores Inc. and Kelley Blue Book Co. Inc. of swiping its patented technology for sending real-time vehicular traffic information to smartphones or tablets.
A California appeals court on Wednesday revived discrimination claims brought by a putative class of Toyota Motor North America dealership employees, saying a lower court didn’t have the authority to decide whether the workers had agreed to arbitrate their claims.
A U.S. Patent and Trademark Office appeals board on Thursday upheld a patent examiner's rejection of three claims of a car navigation patent held by Beacon Navigation GmbH following a review initiated by Volkswagen Group of America Inc., saying the claims were obvious and anticipated by prior art.
General Motors Co. kept quiet for more than seven years about design flaws that allowed keys in some Chevrolet and Saturn cars to be removed from the ignition while the engine ran, only telling owners about the problem this April, according to a GM letter to federal regulators.
The Fourth Circuit on Tuesday upheld roughly $383,000 in damages and attorneys' fees against trucking company A.C. Widenhouse Inc. over its alleged discrimination against two black employees, ruling that a new trial was unlikely to change the jury's finding of liability.
A Texas federal judge on Tuesday pared claims against retail giants AutoZone Inc. and J.C. Penney Corp. in a patent infringement suit over a mobile website software patent, saying the claims were improperly asserted under the doctrine of equivalents.
The U.S. Patent and Trademark Office's Patent Trial and Appeal Board on Wednesday reversed an examiner's rejection of General Motors Co.'s patent claim for methods of determining the heating rate and cathode airflow to fuel cell stacks, saying the examiner erred in finding the claims lacked enablement.
Pressed by low interest rates and a constrained lending environment, banks are beginning to increase the credit risk on their books, in particular in the indirect auto and leveraged loan sector, a report released Wednesday by the Office of the Comptroller of the Currency said.
A Delaware bankruptcy judge agreed Wednesday to approve Revstone Industries LLC's $13 million sale of its equity stake in a Canadian unit to private equity firm Zynik Capital Corp after the auto parts conglomerate resolved an issue with General Motors Co. that had threatened the transaction's closing.
The Second Circuit on Wednesday affirmed a judgment in favor of Hyundai Motor America in a suit seeking to block it from terminating a dealer contract over sales fraud allegations, saying a New York law governing the relationship between car manufacturers and franchisees doesn’t circumvent common law pertaining to incurable breaches of contract.