Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former CEO Wendelin Wiedeking (above, left) and Chief Financial Officer Holger Härter (right), filing charges in December 2012. When those fund plaintiffs lost their most recent court case, one of the dimmin
The aftershocks of General Motors' ignition switch recall keep coming. First, the automaker announced that it saw an 86-percent decrease in net income for the first quarter of 2014 partially due to recall-related expenses. Now, a recent Securities and Exchange Committee filing from GM shows that it's facing a plethora of lawsuits and investigations, including one from the SEC itself.
Mercedes-Benz is known for packing its cars with luxury features, but the rear passengers in some Sprinter vans are getting a shower that they don't expect. The rear air conditioning system is reportedly leaking in some models, and owners are boiling mad. A class-action lawsuit was filed in California alleging that Mercedes knew about the problem and didn't fix it.
Tesla Motors is already busy in the courts, filing a suit in New Jersey last week to appeal the direct-sales ban of its automobiles in that state. But now it's going to have to deal with the self-described "King of Lemon Laws," Vince Megna, in Wisconsin. Now that we think about it, this showdown was quite inevitable.
Ferrari is facing a court battle in Switzerland due to alleged copyright infringement over taking over a Facebook fan site. If the suit is successful, it could cost the company millions and harm its reputation on social media.
The California man who claimed that he suffered from a 20-month erection after a four-hour ride on his BMW K1100RS motorcycle (similar model pictured above) has had his case dismissed. It seems the court found his claims too hard to believe.
Investors have canvassed courts in Europe and the US to repeatedly sue Porsche over its failed attempt to take over Volkswagen in 2008 (see here, and here and here), and they have repeatedly failed to win any cases. You can add another big loss to the tally, with Bloomberg reporting that the Stuttgart Regional Court has dismissed a 1.4-billion euro ($1.95B US) lawsuit, the decision explained by the court's assertion that the investors would have lost on their short bets even if Porsche hadn't mi
The fight for unionization at Volkswagen's Chattanooga, TN, factory isn't letting up. Yesterday, the National Labor Relations Board decided to allow anti-United Auto Workers employees at the plant the right to defend voting down the measure. Now, a group called the National Right to Work Foundation has filed a federal lawsuit on behalf of five workers against VW and the UAW for allegedly working together to organize.
The remains of Fisker Automotive - which might not even include the name and logo - are supposed to finally be sold off tomorrow, but the scene before the auction is anything but clear. As as reminder, the two bidding parties are Wanxiang and Hybrid Tech Holdings. Hybrid Tech was denied an emergency motion in court last week that would have lifted an earlier ruling that limited how much debt it can use to try and buy Fisker. The limit remains at $25 million.
Mission Motorcycles is not Mission Motors. We say that off the start to avoid confusion about what follows. Mission Motors was started in San Francisco a few years back after exploding from its stealth cocoon, known as Hum Cycles. Mission Motorcycles was started much more recently by three gentlemen – Mark Seeger, Vincent Ip, and Andrew Ng – and partners symbiotically with Mission Motors for its technology. Ok, got that?
Vanity plates are a great way to test a state's limits on freedom of expression, which makes them good kindling for lawsuits. The latest license litigation comes from Michigan, where the American Civil Liberties Union has brought suit on behalf of a plaintiff against the state for rejecting the plate "WAR SUX."
Korean automakers could pay as much as $395 million to affected consumers
Thirteen months after a government investigation revealed Hyundai and Kia Motors had overstated the fuel economy of thousands of cars sold in the United States, the two automakers have proposed a settlement.
Toyota has already paid out millions and billions of dollars in settlements surrounding unintended acceleration, but the first lawsuit in the matter, which headed to a California court in July, has reached a verdict. Following the 2009 death of Noriko Uno, whose 2006 Camry was hit by another car and then sped out of control before crashing into a tree, the jury found that Toyota was not at fault in the crash.
"bellwether" case could influence other unintended acceleration lawsuits
A verdict clearing Toyota Motor Corp. in the death of a California woman whose 2006 Camry apparently accelerated despite her efforts to stop could bode well for the Japanese automaker as it faces similar cases.
Audi drivers, listen up. If you bought or leased a 2002-06 model-year A4 or A6 with a factory-installed Continuously Variable Transmission (CVT) that failed, you may be entitled to reimbursement under a recently settled class-action lawsuit with corporate parent Volkswagen.
Back in July, Edmunds sued a Texas company named Humankind Design Ltd. for fraud and breach of contract. Among other services, Humankind Design claims to be an online reputation management company, but the lawsuit says that the site created 2,200 fake accounts in order to post positive dealerships reviews on Edmunds.com.
Ford and Daimler have scored a major victory in a long-running lawsuit filed in US federal court by unnamed South African nationals. The suit alleges that both manufacturers and their subsidiaries sold their vehicles to the South African military, despite knowing that they'd be involved in violently putting down anti-apartheid protesters.