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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.