Dow Chemical ordered to pay $1.2 billion in urethane price-fixing probe 12:01 am U.S. ET | May 17, 2013 A federal judge in Kansas City, Kansas, ordered Dow Chemical to pay $1.2 billion in a price-fixing case involving chemicals used to make foam products in cars, furniture and packaging, according to court documents.... Read More »
Lawsuit claims defects in Ford 3.5-liter V-6 EcoBoost engine 1:07 pm U.S. ET | May 15, 2013  Ford is being sued by three vehicle owners in Ohio because of alleged defects in the automaker's six-cylinder EcoBoost engine.... Read More »
Porsche SE to seek dismissal of legal claims filed in GermanyMay 14, 2013 12:04 CET  Porsche SE says legal claims by plaintiffs in Germany seeking more than 1.36 billion euros ($1.77 billion) in connection with its failed attempt to takeover Volkswagen in 2008 are unfounded. The family-controlled holding company that owns a majority of VW, says it will file a motion to dismiss the claims.... Read More »
Michigan couple appeal sentence in GM trade-secret case 6:07 pm U.S. ET | May 13, 2013 A Michigan couple sentenced to prison for stealing General Motors hybrid-car technology trade secrets filed appeals Friday with the 6th U.S. Circuit Court of Appeals in Cincinnati.... Read More »
Porsche says 12 additional hedge funds withdraw U.S. suit appealMay 1, 2013 06:01 CET  Porsche SE says an additional 12 hedge funds have dropped a U.S. court appeal in a market manipulation suit focusing on the company's failed attempt to takeover Volkswagen in 2008.... Read More »
Porsche SE is optimistic of prospects in German investor lawsuitsApril 30, 2013 11:04 CET  Porsche SE, the family-owned company that controls a majority stake in Volkswagen, remains confident of success in lawsuits in a German court over alleged market manipulation during a failed takeover of VW in 2008.... Read More »
Carfax hit with $50 million antitrust lawsuit by 120 dealerships 4:25 pm U.S. ET | April 24, 2013  The owners of 120 auto dealerships have filed a federal lawsuit against Carfax, alleging that the vehicle history reporting company engages in anti-competitive practices and violates antitrust laws.... Read More »
Porsche's criminal probes may help investors' German lawsuitsApril 16, 2013 13:34 CET  German lawsuits from investors seeking 4 billion euros ($5.2 billion) from Porsche SE over its failed takeover of Volkswagen may be helped by details from ongoing criminal probes into senior company executives.... Read More »
Q&A Musk: Why franchised dealers are wrong retail route for EVs 12:01 am U.S. ET | April 15, 2013  After testifying last week before Texas legislators, Tesla Motors CEO Elon Musk talked in depth with Automotive News about his reluctance to use franchised dealers. The following is an excerpt of the interview with Automotive News reporter Amy Wilson:... Read More »
Tesla wins N.Y. verdict; lobbying continues in Texas 6:12 pm U.S. ET | April 11, 2013  Tesla Motors has won a round in its legal fight against franchised dealership laws in New York over direct sales to consumers while it continues to lobby Texas legislators on the issue.... Read More »
Goodyear sued by French employees over plant closure planApril 11, 2013 08:49 CET Goodyear was sued in its U.S. home city by French workers claiming the company violated laws of both countries as it implemented a plan to close a plant in Amiens, France.... Read More »
Former A123 battery maker settles supply claim with FiskerApril 4, 2013 06:01 CET The bankrupt electric-car battery maker formerly called A123 Systems, renamed B456 Systems, reached a settlement in which Fisker Automotive reduced its claims by 89 percent to $15 million. The accord with the bankruptcy case's unsecured-creditors' committee will substantially cut Fisker's $140 million in claims stemming from a rejection of its supply agreement and alleged breach of warranty obligations, according to court documents filed Tuesday in Wilmington, Del.... Read More »
Former A123 battery maker settles supply claim with Fisker 5:19 pm U.S. ET | April 3, 2013 The bankrupt electric-car battery maker formerly called A123 Systems, renamed B456 Systems, reached a settlement in which Fisker Automotive reduced its claims by 89 percent to $15 million. The accord with the bankruptcy case's unsecured-creditors' committee will substantially cut Fisker's $140 million in claims stemming from a rejection of its supply agreement and alleged breach of warranty obligations, according to court documents filed Tuesday in Wilmington, Del.... Read More »
GM's liquidating trust settlement talks fail 10:34 am U.S. ET | March 19, 2013  The trust liquidating General Motors' old assets in bankruptcy said settlement talks with a group of note holders failed, in a lawsuit over how hedge funds made claims in the company's 2009 bankruptcy.... Read More »
VW takeover law ruling may lead to big EU fine on GermanyMarch 12, 2013 23:14 CET  Germany may be forced to pay millions of euros in penalties by the European Union's highest court for failing to change its so-called Volkswagen law to conform to EU rules.... Read More »
Hyundai agrees to settle U.S. lawsuits over fuel efficiency 6:04 pm U.S. ET | Feb. 26, 2013  Hyundai has agreed to settle consumer lawsuits stemming from overstated fuel economy ratings for some 600,000 Hyundai vehicles sold in the United States. Financial terms of the tentative deal were not disclosed in a filing made by consumer attorneys in U.S. District Court in Los Angeles on Tuesday.... Read More »
Porsche manipulation probe extended to all board membersFeb. 12, 2013 10:34 CET  Stuttgart prosecutors have extended a probe into market manipulation during Porsche's failed bid to take over Volkswagen to all members of Porsche SE's supervisory board, including chairman Wolfgang Porsche and his cousin, Ferdinand Piech.... Read More »
Hewlett-Packard bid to query 2 GM defectors denied by judge 7:54 pm U.S. ET | Jan. 25, 2013 Hewlett-Packard lost a bid for a Texas court order allowing it to question under oath two former information technology workers who were among 18 people that quit the company in November to join GM.... Read More »
Toyota settles Utah unintended-acceleration suit, attorney says 2:04 pm U.S. ET | Jan. 16, 2013  Toyota agreed to settle an unintended-acceleration lawsuit stemming from a 2010 fatal crash in Utah that was scheduled to go to trial in February, an attorney for the plaintiffs said.... Read More »
Toyota wins preliminary approval of $1.1 billion settlement 6:19 pm U.S. ET | Dec. 28, 2012  Toyota and lawyers suing the company won preliminary court approval of a $1.1. billion settlement of claims that recalls for unintended acceleration hurt the value of U.S. customers' vehicles. The terms of the settlement filed Dec. 26 are "fair, reasonable and adequate," U.S. District Judge James V. Selna in Santa Ana, Calif., said in granting preliminary approval. Final approval will be determined following a fairness hearing set for June 14, Selna said.... Read More »
Fisker sues XL over hybrid cars wrecked by Superstorm Sandy 8:33 pm U.S. ET | Dec. 28, 2012 Fisker Automotive has sued XL Group Plc after being denied insurance coverage over flooding from Superstorm Sandy that destroyed 338 of its Karma plug-in hybrids, worth about $33 million, at a Port Newark, N.J., shipping facility.... Read More »
NEWS ANALYSIS Toyota poised to put major legal troubles in rearview mirror 6:00 am U.S. ET | Dec. 28, 2012  Toyota eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales. While the company still faces possibly hundreds of personal injury lawsuits related to claims that its vehicles accelerated unintentionally, Wednesday's $1.1 billion settlement announcement will remove the last big roadblock to putting the issue behind it.... Read More »
Porsche faces more VW lawsuits after court win 11:49 am U.S. ET | Dec. 28, 2012  Porsche shares surged on Friday after it won a dismissal of a U.S. lawsuit by 26 hedge funds but analysts warned the German company's triumph in court hinged on a legal formality rather than the substance of the case.... Read More »
Ex-Porsche CEO Wiedeking charged over failed Volkswagen bidDec. 19, 2012 14:49 CET  Former Porsche CEO Wendelin Wiedeking and ex-Chief Financial Officer Holger Haerter were charged with market manipulation over the use of options in a failed bid to take over Volkswagen.... Read More »
Ex-GM engineer, husband found guilty of trade-secret theftDec. 3, 2012 06:01 CET  A former GM engineer and her husband were found guilty of conspiring to steal the automaker's trade secrets for hybrid and electric vehicles. Shanshan Du, 53, the former GM employee, was ruled guilty of conspiracy to possess trade secrets without authorization and two counts of unauthorized possession of trade secrets. She was found not guilty of three counts of wire fraud.... Read More »
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