A California state jury Thursday found in favor of Toyota Motor Corp. in the first bellwether trial in unintended acceleration litigation against the company, rejecting claims that a 2006 Camry involved in a fatal crash was defective because it lacked a brake override system, the company said.
Platform Acquisition Holdings Ltd. will buy specialty chemical maker and oil driller MacDermid Inc. for $1.8 billion, then take the merged company public before the year ends, Platform told investors on Thursday.
Japanese auto parts maker Takata Corp. agreed Thursday to pay a $71.3 million fine as part of a plea agreement for its role in an alleged conspiracy to fix prices on seat belts sold to car manufacturers.
A New Jersey federal judge on Wednesday trimmed a proposed class action alleging Jaguar Land Rover Automotive PLC manufactured and sold defective electronic air suspension systems in some Range Rover sport utility vehicles that could dangerously unbalance the suspensions.
The European Union on Thursday asked the World Trade Organization to convene a dispute settlement panel to hear its complaint against Russia over fees that the country charges on imported cars, formally abandoning its efforts to settle the issue without litigation.
A California judge overseeing the first bellwether trial in the Toyota Motor Corp. unintended acceleration litigation declined Wednesday to dismiss a juror on the third day of deliberations, saying another juror's allegations that he was intoxicated were "unsubstantiated."
The U.S. Supreme Court's decision to pass on a Toyota Motor Corp. appeal means that companies not party to a contract between a consumer and another business will continue to face a steep uphill climb in convincing judges that a dispute belongs in arbitration, a rare advantage for plaintiffs in a post-Concepcion world.
A Delaware bankruptcy judge gave the preliminary nod Wednesday to a settlement defunct electric carmaker Coda Holdings Inc. reached with former employees suing it for allegedly improper layoffs, but a fight over final approval may be brewing with the debtor's private equity buyer, a unit of Fortress Investment Group LLC.
Apollo Tyres' $2.5 billion Cooper Tire purchase could be in jeopardy amid lenders' concerns over the proposed purchase price, while AT&T is closing in on a major deal that would pump up its reserves ahead of a multibillion-dollar upgrade plan.
Toyota Motor Corp. was hit Tuesday with a proposed class action alleging the company markets its “pre-collision system” in its Priuses and other vehicles as an accident mitigation system when it actually provides no real safety benefit.
Continuing its battle with creditors, Revstone Industries LLC on Tuesday urged a Delaware bankruptcy judge to reject Womble Carlyle Sandridge & Rice LLC's latest bill, saying the firm isn't entitled to payments for work on the bankruptcy proceedings of the auto parts conglomerate's affiliates and subsidiaries.
A New York State Supreme Court judge on Tuesday shut down New York City’s plan for an all-Nissan taxi fleet, saying the city’s Taxi & Limousine Commission exceeded its authority when it awarded a $1 billion contract to Nissan Motor Co.
The European Investment Bank has agreed to provide French automaker PSA Peugeot Citroen SA with €300 million ($407 million) in financing for the development of low carbon technologies, the EIB’s vice president announced Tuesday.
A California appeals court on Monday limited insurers' exposure to bad faith claims by holding that carriers are not required to proactively settle a claim just because it's clear that the stakes are higher than what their policy offers in coverage.
Volkswagen AG on Tuesday won a bid to shut down Kruse Technology Partnership's infringement claims when the Federal Circuit found a lower court hadn't misconstrued the engine maker's claims.
Toyota Motor Corp. convinced a California federal judge Monday to keep some of the plaintiff’s experts’ testimony out of an upcoming trial in a personal injury suit in the California multidistrict litigation over unintended acceleration in Toyota vehicles.
An attorney for New Jersey Manufacturers Insurance Co. on Monday urged the New Jersey Supreme Court against retroactively applying a legislative amendment prohibiting the use of “step-down” provisions in commercial auto policies, rebutting a justice’s implication that insurance companies are “gaming the system.”
The U.S. Environmental Protection Agency is poised to reveal the findings of an audit of fuel economy claims made by major automobile manufacturers in the wake of several lawsuits accusing the companies of exaggerating the efficiency of their vehicles, according to reports Thursday.
A California appeals court on Friday excused a Zurich Insurance Group Ltd. unit from covering eight car dealerships against a wage-and-hour class action in federal court, refusing to interpret broadly a “poorly” worded coverage provision.
The putative class of former employees suing defunct electric carmaker Coda Holdings Inc. for alleged improper layoffs balked late Friday at the company’s Chapter 11 liquidation plan, which they argue locks them out of taking action against the private equity firm that has since bought the debtor.