Automotive

  • May 10, 2013

    Trico Imports Copycat Windshield Wipers, Federal-Mogul Says

    Federal-Mogul Corp. on Thursday asked the U.S. International Trade Commission to halt all imports of Trico Products Corp. windshield wipers it says violate a patent it holds covering blades outfitted with adjustable spoilers designed to counteract the lifting effects of high-speed airflow.

  • May 10, 2013

    TPG Rakes In $305M In Shriram Transport Finance Stake Sale

    Texas-based TPG Capital unloaded its 10 percent interest in Indian commercial vehicle finance firm Shriram Transport Finance Co. Ltd., the buyer said Friday, raking in $305 million — a nearly sevenfold return on its initial buy-in to the company.

  • May 10, 2013

    German Banker Drops Appeal Of Formula 1 Bribery Sentence

    A German banker sentenced to eight-and-a-half years in prison for accepting a $44 million bribe in connection with private equity firm CVC Capital Partners Ltd.’s acquisition of a controlling interest in Formula One racing reportedly dropped his appeal of his sentence on Friday.

  • May 8, 2013

    Judges May Use Vanity Plates Judiciously: Disciplinary Report

    Judges using judicial license plates that signal their position do not inherently flout ethics regulations, but judges considering such vanity plates should also weigh their potential for the appearance of partiality in avoiding traffic violations, a state judicial disciplinary agency said Wednesday.

  • May 8, 2013

    Ford, Chrysler Safety Probes Halted Following Recalls

    The National Highway Traffic Safety Administration said this week it has closed two investigations into the safety of certain automobiles from the Ford Motor Co. and Fiat SpA unit Chrysler Group LLC, after the carmakers agreed to recall potentially affected vehicles.

  • May 8, 2013

    Fla. Court Remands Order For Cooper Tire To Yield Docs

    A Florida appeals court on Wednesday remanded an order for Cooper Tire & Rubber Co. to produce documents the company claims contain trade secrets, saying a lower court failed to follow legal requirements including providing specific findings of their necessity to the tire blowout case.

  • May 7, 2013

    Hertz's PE Backers To Divest $1.2B In Shares

    The private equity backers of Hertz Global Holdings Inc. will sell their entire stakes in the New Jersey rental car company on the open market and could reap up to $1.24 billion from the divestment, Hertz said Monday.

  • May 6, 2013

    Ford Skirts Suit Over Ranger Seat Belt, Airbag Defects

    A federal judge on Thursday tossed a Pennsylvania man’s lawsuit against Ford Motor Co. alleging the company’s Ranger model seat belts and airbag system were defective and responsible for injuries he suffered in a crash, saying his claims were time-barred.

  • May 3, 2013

    Fed. Circ. Revives Ford's Suit Over Car Part Duties

    The Federal Circuit on Friday gave new life to Ford Motor Co.'s long-running suit seeking repayment of import duties on Canadian car parts, ruling U.S. Customs and Border Protection hasn't sufficiently addressed why it didn't accept Ford's late filing of paper certificates of origin.

  • May 2, 2013

    Bridgestone Asks Judge Not To Drop Coach America's Ch. 11

    Bridgestone Americas Tire Operations LLC asked a federal judge in Delaware on Wednesday not to dismiss the Chapter 11 case for Coach America Inc. because it claims the estate still owes it more than $1 million for tires the charter bus company used while it was being sold.

  • May 2, 2013

    Yamaha Out $3.3M In Ala. Suit Over Rhino Vehicle Injuries

    A jury in Montgomery, Ala., on Wednesday dinged Yamaha Motor Corp. U.S.A. for $3.3 million in a lawsuit filed by a woman who was severely injured when her Rhino off-road vehicle flipped over while she was driving around her farm.

  • May 2, 2013

    EU Launches Antitrust Probe Over Peugeot Restructuring

    The European Commission launched an in-depth investigation Thursday into whether €7 billion ($9.1 billion) in state aid to help restructure French auto giant PSA Peugeot Citroen's financing unit complies with the European Union's antitrust rules.

  • May 2, 2013

    Fla. House Passes Bill To Incentivize Natural Gas Vehicles

    Florida’s Legislature on Thursday passed a bill implementing a new tax structure for natural gas fuels and incentives for the purchase and use of natural gas-fueled vehicles, a move the state’s lawmakers have claimed will bring both economic and environmental benefits.

  • May 2, 2013

    Old GM Judge Nixes Trust's Bid For $13.5M In Cleanup Costs

    A New York bankruptcy judge on Wednesday denied a request by an environmental trust established as part of the old General Motors Corp.'s wind-down process for another $13.5 million from the estate to clean up its contaminated properties.

  • May 1, 2013

    Volkswagen Unit Slips Recorded-Call Class Action

    A California federal judge on Tuesday tossed a proposed class action accusing the auto financing arm of German-based Volkswagen AG of improperly recording consumer phone calls, saying that the suit is time-barred. 

  • May 1, 2013

    Electric Car Co. Files Ch. 11, To Sell Unit To Fortress

    Electric-car maker Coda Holdings Inc. rolled into bankruptcy in Delaware on Wednesday with plans to sell its automobile assets to lenders led by Fortress Investment Group LLC, while shifting gears to concentrate on its energy-storage business.

  • April 30, 2013

    Volvo Owes $8.6M In Leg Injury Suit, Appeals Court Says

    A New York state appeals court on Tuesday upheld the bulk of an $8.75 million verdict against Volvo Car Corp. in a suit brought by a man who lost his leg after being hit by a Volvo that was missing a clutch starter safety switch, cutting only $170,000 from the award. 

  • April 30, 2013

    NJ High Court To Weigh Bad Faith Claims Brought After Trial

    The New Jersey Supreme Court on Friday said it will consider whether bad faith claims against insurers who refuse to settle requests for uninsured motorist coverage are barred if the claims aren't filed in a motorist's original coverage lawsuit. 

  • April 29, 2013

    Bankrupt Battery Co.'s Creditors Look To Nix $28M GM Claim

    The creditors committee for former battery maker A123 Systems Inc. asked a Delaware bankruptcy judge Monday to disallow General Motors LLC's $27.9 million claim for rejection damages, saying the automaker failed to provide any documentation to justify the figure.

  • April 29, 2013

    High Court's Eaton Snub Forces Close Look At Discounts

    The U.S. Supreme Court on Monday refused to review a controversial Third Circuit ruling in a monopolization case against Eaton Corp., a rejection that attorneys say will force big-market players to consider the broader effects of their loyalty discounts rather than simply keeping their prices above costs.