Porsche founder's legacy hits Nazi past in Czech hometown

Feb. 27, 2014 15:15 CET
Ferdinand Porsche created the first hybrid more than 100 years ago and designed the original Volkswagen Beetle. Those achievements haven't counted for much in his hometown.... Read More »


Ernst & Young sued by U.S. over Georg Schaeffler tax probe

Feb. 26, 2014 06:01 CET
Ernst & Young was accused by the United States of failing to comply with an Internal Revenue Service request for documents in an investigation of the tax liability of Georg Schaeffler, chairman of the German supplier of the same name... Read More »


Former Denso exec to plead guilty to price-fixing coverup charge

2:27 pm U.S. ET | Feb. 20, 2014
A former Denso executive is expected to serve one year and one day in federal prison after agreeing to plead guilty to one charge of obstruction of justice in the United States government's ongoing price-fixing investigation of auto suppliers.... Read More »


Bridgestone agrees to pay $425M U.S. fine for bid-rigging rubber auto parts

10:39 am U.S. ET | Feb. 13, 2014
Rubber parts supplier Bridgestone has agreed to plead guilty and pay a $425 million criminal fine for its alleged role in a conspiracy to fix the prices of rubber anti-vibration automotive parts, the Department of Justice said today. The government's ongoing price-fixing investigation into the auto supply chain now has yielded a total of $2.28 billion in criminal fines -- making it the largest single-industry prosecution in antitrust division history.... Read More »


Japanese throttle-body supplier to plead guilty to price fixing

12:42 pm U.S. ET | Feb. 3, 2014
Japanese supplier Aisan Industry has agreed to plead guilty and pay a $6.86 million fine for conspiring to fix the prices of throttle bodies sold to Nissan and its subsidiaries.... Read More »


Porsche, Piech sued in Frankfurt by hedge funds over failed Volkswagen deal

Feb. 2, 2014 18:49 CET
Seven hedge funds sued Wolfgang Porsche and Ferdinand Piech, members of Porsche Automobil Holding's supervisory board, seeking $2.4 billion of compensation over the aborted purchase of Volkswagen.... Read More »


2 former Diamond Electric execs to plead guilty in price-fixing scheme

12:51 pm U.S. ET | Jan. 31, 2014
Two former senior-level executives with Japanese supplier Diamond Electric Manufacturing have agreed to plead guilty to felony charges in the ongoing global auto parts price-fixing investigation, the Department of Justice said today.... Read More »


German car club chief refuses to rule out false ranking for Golf in vote-rigged award, report says

Jan. 31, 2014 15:48 CET
Vote-rigging at German car club ADAC might have affected the ranking of its annual award won by the VW Golf, ADAC's magazine reported.... Read More »


EU takes legal action against Germany in Daimler refrigerant dispute

Jan. 23, 2014 13:00 CET
The EU has started legal proceedings against Germany over Daimler's refusal to remove a banned refrigerant from new Mercedes cars.... Read More »


Germany's ADAC car club likely to scrap award after vote rigging

Jan. 23, 2014 11:21 CET
Germany's ADAC car club is likely to scrap its annual car award after admitting it had falsified this year's results.... Read More »


German car industry rocked by vote rigging in auto prize

Jan. 21, 2014 10:44 CET
Germany's auto industry has been rocked by revelations that the country's ADAC car club falsified the results of its annual "Yellow Angel" car award.... Read More »


Porsche plaintiffs lose bid to halt civil suits in Germany pending Wiedeking case

Jan. 21, 2014 15:51 CET
Three plaintiffs suing Porsche SE in Germany lost their bid to pause their civil cases to await the findings of a criminal case against the carmaker's former CEO, Wendelin Wiedeking.... Read More »


Cancelled Nissan dealer in Calif. wins a retrial

3:53 pm U.S. ET | Jan. 17, 2014
Former Los Angeles dealer Michael Kahn, who was shut down when Nissan Motor Acceptance ended his finance arrangements during the 2009 economic meltdown, has won a new trial in his lawsuit against the company.... Read More »


Japanese supplier Koito to plead guilty in U.S. to price fixing, pay $57 million fine

11:33 am U.S. ET | Jan. 16, 2014
Japanese supplier Koito Manufacturing has agreed to pay $57 million in fines and plead guilty in federal court to price fixing lighting components that were sold to Toyota.... Read More »


Daimler wins as U.S. Supreme Court rejects Argentine human-rights suit

Jan. 15, 2014 10:51 CET
The U.S. Supreme Court has thrown out a case against Daimler over Mercedes's alleged collaboration... Read More »


UAW VP General Holiefield faces arrest warrant in wife's accidental shooting

12:53 pm U.S. ET | Jan. 10, 2014
An arrest warrant has been issued for UAW Vice President General Holiefield, the outgoing head of the union's Chrysler department, in the shooting of his wife at their home last month.... Read More »


Bosch probed by EU antitrust authorities

Jan. 9, 2014 11:08 CET
Bosch says it is cooperating with European Union antitrust authorities as part of an investigation of suppliers in the region.... Read More »


Officials bust vehicle fraud ring

12:01 am U.S. ET | Jan. 6, 2014
An international crime ring that fraudulently acquired vehicles from Canadian dealerships, drove them into the United States and shipped them to western Africa is being thwarted by a cooperative effort, authorities say.... Read More »


U.S. judge dismisses apartheid claims against Daimler

7:37 pm U.S. ET | Dec. 26, 2013
A U.S. judge on Thursday said Daimler AG cannot be held liable for allegedly aiding and abetting South Africa's former apartheid government in race-based attacks and injustices. She declined, however, to immediately dismiss related claims against Ford... Read More »


Hyundai, Kia reach settlements over inflated mpg ratings

4:29 pm U.S. ET | Dec. 23, 2013
Hyundai and Kia agreed to pay up to nearly $400 million to settle consumer lawsuits related to overstated fuel economy ratings on some 900,000 vehicles sold in the U.S. market. The value of Hyundai Motor America's proposed settlement totals about $210 million, while Kia Motors America agreed to pay up to $185 million, according to statements issued by the companies.... Read More »


Bosch, Continental, Denso fined by South Korea for price fixing

6:31 am U.S. ET | Dec. 23, 2013
South Korea's antitrust regulator fined units of Denso, Continental and Bosch a total of $107.99 million, saying they had fixed prices of parts sold to Hyundai and Kia. The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers.... Read More »


Bosch, Continental, Denso fined by South Korea for price fixing

Dec. 23, 2013 12:31 CET
South Korea's antitrust regulator fined units of Denso, Continental and Bosch a total of $107.99 million, saying they had fixed prices of parts sold to Hyundai Motor and affiliate Kia. The fine comes as antitrust regulators from the United States to Europe and Japan crack down on price collusion among auto parts makers.... Read More »


Ally, U.S. reach $98M settlement over lending bias

10:05 am U.S. ET | Dec. 20, 2013
Auto lender Ally Financial has agreed to pay $98 million to resolve claims that its manner of paying dealers for arranging contracts led minority car buyers into car loans with higher interest rates. The settlement provides a clear sign of the Consumer Financial Protection Bureau's determination to police the auto lending market.... Read More »


Tesla retail model faces new legal challenge in Ohio

3:56 pm U.S. ET | Dec. 19, 2013
Ohio new-car dealers aren't giving up in their fight with Tesla. After a dealership licensing amendment to block Tesla from selling vehicles in the state wasn't taken up by state legislators earlier this month, dealers are now suing several parties to have Tesla's retail license nullified, a newspaper reported today.... Read More »


Heroic tale turns into trouble for Houston dealership

11:00 am U.S. ET | Dec. 15, 2013
A Houston-area dealership has distanced itself from the personality who claimed to “do heroic things” occasionally while making “great car deals happen” every day.... Read More »


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