GM Probes and Settlements Highlight 2014 Automaker Case
U S attorney Bharara states no law sets penalties for failing to disclose auto safety problems. GM faced wire fraud charges over online safety assurances and agreed settlements with plaintiff Bob Hilliard to resolve 1385 death and injury cases plus a 2014 class action. The case cites 169 deaths linked to the defective switches and potential increases as cases settle.
MENTIONED IN THIS ARTICLE
Bharara
Justice Department
Eric Havian
San Francisco
Texas
Bob Hilliard
Hilliard
Kenneth Feinberg
Consolidated
FCA UAW contract promises wage rise for new and long‑time workers
Fiat Chrysler and UAW have reached a tentative four year contract that would raise entry level pay from about 15.78 to over 25 per hour, with pre 2007 hires receiving first raises in a decade. The plan also expands profit sharing for new and veteran workers and includes signing bonuses amid ongoing ratification talks.
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Detroit
Fiat Chrysler Automobiles
UAW
Detroit Free Press
Fiat Chrysler
Bloomberg News
Bloomberg
Dennis Williams
Williams
Ford
General Motors
FCA
Expedia buys Orbitz as regulators drop challenge
Orbitz Worldwide is acquired by Expedia in a $1.6 billion cash deal, consolidating the online travel market. The Justice Department did not block the merger, citing limited impact on competition, as Expedia plans to leverage Orbitz assets and Chicago HQ personnel while pursuing efficiencies.
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Chicago
Orbitz Worldwide
Expedia
Bellevue
Wash
Orbitz
Dara Khosrowshahi
Khosrowshahi
Justice Department
Priceline Group Inc
Expedia Inc
Orbitz.com
CheapTickets
HotelClub
Toyota recalls 421000 RAV4s over wiper corrosion risk
Toyota recalls about 421000 RAV4 sport utility vehicles from 2009 through 2014 due to corrosion in the windshield wiper link caused by water exposure. The issue can cause the link to separate from the wiper motor crank arm, potentially rendering the wipers inoperative. dealers will replace the water channel, wiper link, and wiper motor crank arm.
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New York
Toyota
Toyota Motor Sales USA Inc
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