Litigation and RegulationsFisker faces suit alleging failure to give advance notice of dismissals 12:01 am U.S. ET | April 6, 2013 Fisker Automotive, hours after dismissing about 75 percent of its employees, was hit with a federal lawsuit accusing the company of breaking the law that requires employers to give workers advance notice of mass layoffs.... Read More »
U.S. seeks to revise crash ratings to protect seniors 11:24 am U.S. ET | April 4, 2013 Auto-safety regulators plan to change the rating system for new cars sold in the United States to keep up with advances in safety technology and better protect older drivers and passengers.... Read More »
Distracted driving fatalities most often caused by 'lost in thought,' study says 10:42 am U.S. ET | April 4, 2013 Drivers involved in fatal car crashes in the United States were more often “lost in thought” than distracted by mobile phones, according to new data from police.... Read More »
NHTSA checking 2006-08 Hyundai Sonatas after reports of rusted suspension frames 10:29 am U.S. ET | April 2, 2013 The National Highway Traffic Safety Administration is checking Hyundai Sonatas from the 2006-08 model years in response to complaints about rusted rear suspension frames.... Read More »
Tesla takes on Texas in latest franchise law battle 3:45 pm U.S. ET | March 29, 2013 In its latest battle with state dealer associations, electric vehicle maker Tesla Motors is trying to change existing franchise laws in Texas. Tesla is behind bills introduced earlier this month in the Texas Legislature that seek an exemption to current restrictions on factory-owned dealerships for electric vehicle makers that have never used independent franchised dealers. It is Tesla's most direct challenge to franchise laws already on the books.... Read More »
GABE NELSON Why automakers took up ethanol with the Supreme Court 2:07 pm U.S. ET | March 26, 2013 In a slow trickle over the past year, the first gas stations have started carrying E15, a blend of gasoline that includes up to 15 percent ethanol. Automakers say the fuel could harm older engines, which were not built to handle so much ethanol. But they have had no luck convincing the EPA, which has approved the fuel for use in cars and trucks built after the 2001 model year.... Read More »
Bankrupt Toyota store in Florida sells for $18.7 million 10:33 pm U.S. ET | March 22, 2013 A federal bankruptcy court has approved the sale of a bankrupt Toyota dealership in St. Augustine, Fla., for $18.7 million. The buyer, Michael Beaver, owner of Beaver Toyota in Santa Fe, N.M., will close on the sale in April, said Joe Luzinski, senior vice president of Development Specialists Inc. in Miami.... Read More »
U.S. financial regulator warns auto lenders on markup discrimination 3:11 pm U.S. ET | March 21, 2013 The Consumer Financial Protection Bureau today issued a warning to auto lenders: Make sure dealer participation in interest rates does not lead to discrimination or face the consequences.... Read More »
VW agrees to settle Audi CVT class-action case in U.S. court 1:02 pm U.S. ET | March 21, 2013 A federal judge has granted preliminary approval for the settlement of a class-action suit against Volkswagen Group of America over alleged defects with continuously variable transmissions in about 64,000 2002-06 Audi A4 and A6 models.... Read More »
Lutz, 3 other former Chrysler execs lose pension appeal 4:15 pm U.S. ET | March 13, 2013 A federal judge has rejected an appeal by four former Chrysler executives, including Bob Lutz, over the automaker’s decision to reduce retired executives’ pension benefits as part of its 2009 restructuring plan, said Mayer Morganroth, the lawyer for the plaintiffs.... Read More »
Minnesota dealers drop Tesla fight for now 4:04 pm U.S. ET | March 12, 2013 The Minnesota Automobile Dealers Association -- at least for now -- is ending its push for legislation to block Tesla Motors from operating dealerships in that state.... Read More »
Cordray nomination at stalemate as senators refuse to negotiate 10:05 am U.S. ET | March 12, 2013 A Senate hearing today on Richard Cordray's second nomination to head the Consumer Financial Protection Bureau was less about his leadership than Republican distaste for the bureau itself.... Read More »
Dealers' fraud suit against Mahindra can move ahead, U.S. judge rules 2:29 pm U.S. ET | March 11, 2013 Five dealers who claim they were defrauded by Mahindra & Mahindra have won their first small legal victory in federal court against the Indian automaker -- the right to be heard.... Read More »
Regulators checking if Subaru remote starter defect affects other automakers 5:25 pm U.S. ET | March 8, 2013 Federal safety investigators are looking into a Subaru recall to determine if a defect in the remote engine starter could affect other automakers.... Read More »
Tesla's Musk thanks Minn. legislators for stalling franchise law rewrite 4:09 pm U.S. ET | March 8, 2013 Tesla Motors CEO Elon Musk is thanking Minnesota lawmakers who blocked legislation that would prevent the electric vehicle maker from opening stores in that state. But the legislative tussle is far from over.... Read More »
GM's Akerson vows lighter vehicles, hails potential of CNG 1:35 pm U.S. ET | March 6, 2013 General Motors aims to cut the weight of its North American vehicles by as much as 15 percent by the 2016 model year, compared with GM's current fleet, CEO Dan Akerson said today. GM estimates that a 10 percent reduction in curb weight cuts fuel consumption by about 6.5 percent.... Read More »
Tesla opposes Minnesota legislation that would block its stores 4:04 pm U.S. ET | March 6, 2013 Tesla Motors is trying to amend Minnesota legislation that would block it from opening stores and service centers in the state.... Read More »
Tesla libel suit over BBC's 'Top Gear' dismissed by U.K. appeals court 10:48 am U.S. ET | March 5, 2013 An appeals court in the United Kingdom dismissed a libel lawsuit from Tesla Motors, a maker of electric vehicles led by billionaire Elon Musk, against the BBC show "Top Gear."... Read More »
Obama taps insider as EPA chief; MIT professor to lead Energy Dept. 10:21 am U.S. ET | March 4, 2013 President Barack Obama today announced his nominees to lead a new federal push to tackle climate change, choosing an air quality expert to run the Environmental Protection Agency and a nuclear physicist to head the Department of Energy. Obama selected EPA veteran Gina McCarthy, 57, to replace Lisa Jackson as EPA administrator and MIT scientist Ernest Moniz, 68, to take over for Steven Chu as Energy secretary.... Read More »
Ally says U.S. probing retail financing practices 6:52 pm U.S. ET | March 1, 2013 Ally Financial said in a securities filing that the Consumer Financial Protection Bureau has recently told the U.S. auto lender that it is being investigated for certain "retail financing practices."... Read More »
ThyssenKrupp offices raided in German auto steel suppliers probeMarch 1, 2013 06:01 CET ThyssenKrupp AG, Germany's biggest steelmaker, said an antitrust watchdog in the country raided its offices in the western city of Duisburg.... Read More »
Marchionne sees clarity on Chrysler ownership in Q3 3:34 pm U.S. ET | Feb. 28, 2013 Chrysler and Fiat CEO Sergio Marchionne predicted that the U.S. automaker's future ownership structure won't be clear until the third quarter.... Read More »
ThyssenKrupp offices raided in German auto steel suppliers probeFeb. 28, 2013 20:04 CET ThyssenKrupp AG, Germany's biggest steelmaker, said an antitrust watchdog in the country raided its offices in the western city of Duisburg today.... Read More »
ThyssenKrupp offices raided in German auto steel suppliers probe 2:04 pm U.S. ET | Feb. 28, 2013 ThyssenKrupp AG, Germany's biggest steelmaker, said an antitrust watchdog in the country raided its offices in the western city of Duisburg today.... Read More »
Banks may be sued by U.S. for auto lending activities, report says 11:40 am U.S. ET | Feb. 21, 2013 The Consumer Financial Protection Bureau has told at least four banks that it may sue them over vehicle loans and interest-rate markups by auto dealers that appear discriminatory, three people briefed on the matter told Bloomberg.... Read More »
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Ford's Hinrichs: 'We've learned lessons from the last few years'Ford's new Americas boss Joe Hinrichs says the hobbled launch of the Lincoln MKZ has been his biggest... Mon., May 13» Watch the Video |
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