Hyundai no longer has to pay $248 million as part of a court ruling from a fatal accident in Montana that killed two cousins in a 2005 Tiburon. The judge hearing the appeal revised the amount down to a total of about $81 million. She upheld the original $8.1 million in actual damages but reduced the punitive damages to $73 million from the previous $240 million.
Alabama teen Tiffany Stabler got a 1999 Kia Sephia for her sixteenth birthday in 2004. After her father purchased the car, he took it to a Kia dealership to have all of the maintenance and recall work completed. In 2002, Kia had recalled seatbelt buckles on 1995-1998 Sephias and Sportages for a condition called "false latching," wherein a belt appears to be locked into the buckle but actually isn't. Stabler's car wasn't part of the recall, even though the 1999 and 2000 Sephias used the same buck
Chrysler has managed to stay out of the doom and gloom news for a few weeks now, which goes to show that going private can have its benefits. But things couldn't stay quiet forever, and as if the company needed something else to deal with, it's now in row with German transmission supplier Getrag over a potentially failed joint venture.
When the land was flowing with milk and honey, GM didn't get medieval on folks who took just a little more than their fair share. Now that GM's diet has been pared back to a few nuts and the occasional berry... well, every nut counts. So when The General performed a random audit and found that employees had allegedly been sharing their employee discounts with ineligible buyers, instead of a big "whatever," GM initiated lawsuits.