Automotive

  • October 7, 2013

    Berkshire Insurer Pays $22M To Settle Ford Coverage Row

    Ford Motor Co. has scored a $22.1 million settlement of its accusations that a Berkshire Hathaway Inc. unit seized control of several stop-loss insurance policies and tortiously obstructed $20 million in payouts for product liability claims, Ford's counsel said on Monday.

  • October 7, 2013

    Apollo Tyres, Cooper Tire Spar Over $2.5B Tie-Up Price

    A $2.5 billion tie-up that would fold Cooper Tire & Rubber Co. into Apollo Tyres Ltd. is in flux after the buyer proposed a significant price cut amid ongoing labor disputes weighing down the approval process in the U.S. and China, the target said Monday.

  • October 4, 2013

    Jury Hits Continental Tire With $11M Verdict Over Blowout

    A Florida jury on Wednesday ordered Continental Tire North America Inc. to pay nearly $11 million to a woman who was seriously injured in a 2009 car accident she says was caused by faulty tires.

  • October 4, 2013

    OSHA Orders Clean Emissions Co. Pay $1.9M For Firing CFO

    The Occupational Safety and Health Administration has ordered a California emission control systems distributor to pay $1.9 million to its former chief financial officer, who was allegedly fired for raising concerns about the potentially illegal consequences of a proposed merger.

  • October 4, 2013

    Hitachi Hit With Price-Fixing Class Action After $195M Fine

    A putative class of disgruntled consumers sued Hitachi Automotive Systems Ltd. in Michigan on Thursday over its alleged role in an international price-fixing conspiracy, just one week after the company agreed to shell out $195 million in a U.S. government suit over related allegations.

  • October 4, 2013

    Solera Pays $289M For 50% Of Welsh Carson Auto Service Co.

    Solera Holdings Inc. said Friday it would pay $289 million to purchase half of an automotive service solutions company from private equity firm Welsh Carson Anderson & Stowe, giving the insurance software and services company a deeper reach in the automotive service industry at the consumer level.

  • October 2, 2013

    Spyker Seeks To Revive $3B Suit Against GM Over Saab Sale

    Dutch carmaker Spyker NV urged the Sixth Circuit on Tuesday to revive its $3 billion lawsuit alleging General Motors Co. pushed Saab Automobile AB into bankruptcy by interfering with Spyker’s bid to sell the Swedish automaker to Chinese investors, claiming a district court judge erred in tossing the suit.

  • October 1, 2013

    Ill. Court Revives Quarles & Brady Malpractice Suit

    An Illinois appeals court on Monday revived a malpractice suit accusing Quarles & Brady LLP of negligently representing a car dealership owner in another action over a former business partner's stock sales, ruling the allegations went beyond mere errors of judgment by the firm.

  • October 1, 2013

    Dealership Allowed To Sue Firm Over Pursuit Of Asbestos Suit

    A California appeals court ruled Monday that a car dealership can pursue litigation alleging Keller Fishback & Jackson LLP persisted with an asbestos lawsuit after it was apparent the dealership was not liable for a man's death.

  • October 1, 2013

    MSD Performance Gets Nod For Ch. 11 Sale Plan, Funding

    A Delaware bankruptcy judge on Tuesday approved MSD Performance Inc.'s proposed bid-procedure and cash-collateral motions, allowing the high-performance auto parts maker to pursue a going-concern sale and fund the Chapter 11 process.

  • September 30, 2013

    Lack Of Brake Override Caused Fatal Toyota Crash, Atty Says

    A woman who was killed when her Toyota Camry slammed into a tree would have lived if the car had been equipped with a “cheap and safe” brake override system, her family argued Monday in California's first bellwether trial in the Toyota Motor Corp. unintended acceleration litigation.

  • September 30, 2013

    Mercedes Says Class Lacks Standing In Defective-Engine Suit

    Mercedes-Benz USA urged a California federal judge on Monday to toss a putative class action alleging the company made and sold defective engines in some cars that risked consumers' safety and required costly fixes, arguing the plaintiffs are wrongly bringing claims on cars they did not purchase.

  • September 30, 2013

    GM Not Liable For Pre-Bankruptcy Settlement

    General Motors LLC is not liable for a settlement its pre-bankruptcy predecessor reached in a consumer class action over faulty transmissions, a New York federal judge ruled Monday.

  • September 27, 2013

    MSD's Unsecured Creditors Target Cash-Collateral Motion

    Unsecured creditors of bankrupt MSD Performance Inc. objected Friday to the auto parts maker's bid to continue using cash collateral to fund its Chapter 11 case, saying that certain provisions in the interim order benefit secured lenders at their expense and should be removed.

  • September 27, 2013

    Jury Finds Ford F-150 Restraint System Wasn't Defective

    A Los Angeles jury found Thursday that Ford Motor Co.'s F-150 truck is not defective, ruling in favor of the automaker on claims that the truck's restraint system failed to protect the occupants of an F-150 in a severe, multivehicle accident, according to Ford's attorneys. 

  • September 26, 2013

    DOT In Driver's Seat In Battle Over Rearview Camera Rule

    The quest to force the U.S. Department of Transportation to require rearview cameras or similar technology in new cars is complicated by the latitude Congress gave the agency over the timing of the rule's release, putting consumer groups pushing for immediate implementation of the pricey mandate at a disadvantage, attorneys say.

  • September 26, 2013

    US Fines Japan Auto Parts Makers $740M For Price-Fixing

    Nine Japanese-based auto parts makers have agreed to pay $740 million in fines and two executives have agreed to plead guilty to their roles in international price-fixing conspiracies that increased the cost of cars sold in the United States, U.S. Attorney General Eric Holder said Thursday.

  • September 26, 2013

    Deals Rumor Mill: Icahn, Apax, Oaktree Capital

    Carl Icahn and Apple CEO Tim Cook will meet next week to discuss the activist investor's strategic ideas for the tech giant, while private equity player Apax Partners is in the hunt for SunGard's $2 billion data management unit.

  • September 25, 2013

    Volkswagen Workers Take UAW Complaints To NLRB

    Volkswagen AG workers filed National Labor Relations Board charges Wednesday claiming that misrepresentations and coercion were part of the United Auto Workers' campaign to organize Volkswagen employees in Tennessee, the National Right To Work Legal Defense Foundation said.

  • September 25, 2013

    MSD Resists Lenders' Efforts To File Alternate Ch. 11 Plan

    Bankrupt high-performance auto parts maker MSD Performance Inc., pushed back late Tuesday against a move by senior secured creditors to file their own Chapter 11 debt restructuring plan as an alternative to the going-concern sale that is the debtors’ goal.