The U.S. Department of Justice's ongoing antitrust probe of the auto parts industry barreled ahead on Tuesday as the agency announced that parts manufacturer NGK Spark Plug Co. Ltd. agreed to plead guilty for price-fixing and bid-rigging and pay a $52.1 million criminal fine.
Holland & Knight LLP has recruited a tax controversy specialist who previously worked for Husch Blackwell LLP and Mayer Brown LLP and has worked on high-profile matters in the automotive, pharmaceutical, health care, manufacturing and insurance industries, the firm announced Tuesday.
Arent Fox LLP said Tuesday it has strengthened its automotive group in Los Angeles with the addition of a former Manning Leaver Bruder & Berberich partner experienced in representing dealers in franchise disputes, compliance issues, mergers and acquisitions and general business litigation.
China has fined Japanese auto parts makers NSK Ltd. and NTN Corp. a total of 294.12 million yuan ($47.9 million) for violating the country's antitrust law, the companies said Tuesday.
Ford Motor Co., Honeywell International Inc. and numerous other companies asked a North Carolina federal judge Monday to let them inspect sealed court records in Garlock Sealing Technologies LLC’s asbestos-related bankruptcy case, which they say involve claims against lawyers who allegedly engaged in fraud in settling mesothelioma claims.
Chrysler Group LLC on Monday urged a California federal judge to toss a putative class action alleging it concealed a defect that causes some of its Dodge Ram pickup trucks to lose steering control and shimmy excessively, arguing the remedy provided by ongoing recall efforts moots any claim in the suit.
The Second Circuit took the U.S. Supreme Court's Morrison v. National Australia Bank ruling into its own hands on Friday, boldly saying the bright-line test proposed by the high court in the 2010 landmark case should only be the first step in deciding whether certain securities claims should be subject to U.S. jurisdiction.
Michelin North America Inc. urged the Fifth Circuit on Friday to uphold a district court’s finding that the tire giant and General Motors LLC didn’t enter into an anti-competitive agreement to preclude LG Motorsports Inc. from obtaining Michelin-brand racing tires for the Corvette it raced in the American Le Mans Series.
A New York bankruptcy judge ruled Monday that “threshold issues” in the General Motors Co. bankruptcy-shield dispute, including whether GM violated customers' due process rights by concealing an ignition switch defect, will have to wait until after motorists file a consolidated complaint in parallel multidistrict litigation, rejecting what he called a piecemeal approach.
A putative class of consumers accusing BMW AG of failing to disclose that the tops on its 6 Series convertibles are defective urged a New Jersey federal judge on Friday not to toss their claims, arguing a manufacturer can be held liable even if it did not directly sell the product to consumers.
The National Highway Traffic Safety Administration said Monday it is seeking input on regulations for vehicle-to-vehicle communications technology, which it said could prevent up to 592,000 crashes and save 1,083 lives per year.
Plaintiffs accusing Hyundai Motor America and Kia Motors America of overstating vehicle fuel efficiency urged the certification of a Virginia consumers subclass, saying Friday that the automakers' bid to apply California law to the proposed settlement class would “thwart, frustrate and defeat” Virginia law claims in three underlying suits.
Antitrust regulators in a Chinese province have found that Daimler AG unit Mercedes-Benz fixed prices for replacement parts and services, adding the company to a growing list of automakers under investigation that could face fines for similar allegations across the world's largest auto market.
Chicago-based private equity firm Madison Dearborn Partners has sold Schrader International for $1 billion to Sensata Technologies Holding NV, the buyer said Monday, a price nearly twice what Madison paid for the maker of tire pressure monitors just two years ago.
Attorneys representing Jeep Liberty owners who say windows on their SUVs froze in position told a California federal judge on Friday that the proposed lead plaintiffs would adequately represent the putative class, despite Chrysler Group LLC's claims they lack sufficient knowledge of the litigation.
A New York federal judge on Friday tapped a trio of attorneys to spearhead multidistrict litigation over General Motors Co.’s deadly ignition switch defect, sticking entirely with veterans of the unintended acceleration lawsuits against Toyota Motor Corp.
China's Zoomlion Heavy Industry Science and Technology Co. Ltd. said it is bidding to acquire a 60 percent stake in Chery Heavy Industry Co. Ltd. for $2.09 billion yuan ($340 million), according to a regulatory filing on Friday.
Ford Motor Co. on Thursday told a U.S. Court of International Trade judge that it would appeal the dismissal of its $6 million suit seeking refunds for shipments of Jaguar-brand cars imported into the U.S., two months after the CIT ruled some of the automaker's claims were time-barred and declined to exercise jurisdiction over the rest.
Blue Cross Blue Shield of Michigan has asked the U.S. Supreme Court to nix a $5.1 million judgment against the insurer over allegations it charged an auto supplier hidden fees while administering its health plan, arguing the insurer is not a plan fiduciary under the Employee Retirement Income Security Act.
A California federal judge on Thursday refused to transfer a proposed consolidated class action accusing Toyota Motor Corp. of hiding from customers an engine defect that allegedly causes cars to use excessive amounts of oil, finding a legitimate connection to his district.