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