Automotive

  • 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.

  • September 25, 2013

    DOT Must Issue Rearview Camera Rule, 2nd Circ. Told

    The U.S. Department of Transportation must soon issue a long-delayed rule requiring automakers to put rearview cameras or other technology in new vehicles to help prevent drivers from backing over children, a coalition of consumer groups and parents told the Second Circuit on Wednesday.

  • September 25, 2013

    Fund Seeks To Up US Auto Parts Stake, Shake Up Board

    Maguire Asset Management on Wednesday said it was seeking to buy up to one-third of U.S. Auto Parts Network Inc. and shake up the company, whose stock has fallen dangerously close to $1 per share and is now on the verge of being delisted.

  • September 24, 2013

    DOJ Indicts Panasonic Executive Over Auto Parts Cartel

    A federal grand jury indicted a Panasonic Automotive Systems Corp. executive Tuesday for allegedly conspiring to fix the prices of switches and steering angle sensors purchased by Toyota Motor Corp., the latest charges in the U.S. Department of Justice's auto parts industry probe.

  • September 24, 2013

    Coda Estate Gets Nod To Solicit Votes For Ch. 11 Plan

    A Delaware bankruptcy judge gave the estate of defunct electric car maker Coda Holdings Inc. the green light Tuesday to solicit votes for its Chapter 11 plan, which would establish a liquidation trust to sell off the remaining assets from its $25 million sale approved in June.

  • September 23, 2013

    Ford Shakes Claims In Defective Engine Dispute

    A Pennsylvania federal judge on Monday trimmed breach of warranty and fraud claims in a putative class action alleging Ford Motor Co. knowingly sold vehicles with engine defects but concealed the problems to avoid covering their repair costs under warranty, saying the claims weren't sufficiently pled.

  • September 23, 2013

    Chrysler Files For IPO As Fiat, Union Spar Over Shares

    Chrysler Group LLC on Monday filed its registration statement for a proposed initial public offering of common shares worth up to $100 million, according to a filing with the U.S. Securities and Exchange Commission.

  • September 20, 2013

    Texas High Court To Hear Ford Venue Fight Over Mexico Crash

    The Texas Supreme Court on Friday agreed to hear Ford Motor Co.’s plea to vacate a lower court’s decision allowing a product liability and wrongful death suit stemming from a car accident in Mexico involving only Mexican residents to proceed in Texas court.

  • September 20, 2013

    Ecotality's Asset Sale, Ch. 11 Financing Get Green Light

    Ecotality Inc., a U.S.-backed maker of electric-car charging stations, on Thursday received approval from an Arizona bankruptcy judge to sell off its assets at an auction next month and to obtain $1.25 million in debtor-in-possession financing.

  • September 20, 2013

    Avis Asks High Court To Review $16M Licensee Dispute

    Avis Budget Group Inc. has asked the U.S. Supreme Court to review a $16 million award for licensee Alaska Rent-A-Car Inc. after Avis allegedly breached a settlement through the merger creating the company, arguing it was wrongly denied its right to exclude a juror from the case.

  • September 19, 2013

    4 Ways To Make Sure Comments On Agency Rules Count

    Attorneys frequently fret about stakeholder comments on proposed regulations — pushing clients to submit them, pushing agencies to allow them more time to do so — but if the comments aren't composed correctly, all that effort could be for naught. Here, experts offer four tips on how to make clients' comments more effective.

  • September 19, 2013

    Two Ex-Fujikura Execs Indicted On Price-Fixing Charges

    A federal grand jury in Michigan on Thursday indicted two former Fujikura Ltd. executives on charges that they participated in a conspiracy to fix prices of automotive components sold to Subaru, a little more than a year after Fujikura pled guilty to a felony charge and paid a $20 million fine in a case stemming from the purported conspiracy. 

  • September 19, 2013

    Deals Rumor Mill: Roche, JPMorgan, Goldman Sachs

    Roche's CEO quieted speculation that his company needs financing for a prospective new acquisition but stayed mum on potential buyout plans, while a Goldman hedge fund is eyeing new Asian investments.

  • September 18, 2013

    Ford Contests Tariffs On Transit Connect Vehicles

    Ford Motor Co. lodged a suit Tuesday in the U.S. Court of International Trade, alleging that U.S. Customs and Border Protection incorrectly classified certain Transit Connect vans as vehicles meant to transport goods.

  • September 18, 2013

    Deals Rumor Mill: Smithfield, BNP Paribas, Heron Tower

    China's Shuanghui is closer than ever to sealing its controversial $7.1 billion acquisition of top pork producer Smithfield, while one of the tallest towers in London's financial district could find itself in new hands amid a dispute between its current owners.