German Court Questions VW Diesel Payouts

September 30, 2019 at 10:38 AM

German drivers of Volkswagen Group vehicles whose diesels were rigged to evade emission standards may not be entitled to damages after all, a judge in Brunswick suggests.

FCA to Pay $40 Million to Settle Fake-Sales Claim

September 30, 2019 at 1:47 AM

Fiat Chrysler Automobiles NV has agreed to pay $40 million to settle charges that it misled investors about its financial performance by issuing bogus monthly U.S. sales figures between 2012 and 2016.

Judge: Tesla Violated Federal Labor Laws

September 30, 2019 at 12:32 AM

Last year Tesla Inc. repeatedly violated federal labor law, according to a National Labor Relations Board administrative law judge in California.

Carmakers, Justice Dept. to Meet on Emissions Antitrust Probe

September 27, 2019 at 2:14 PM

Four carmakers who struck a deal with California in July on future emission rules will meet next week with the U.S. Dept. of Justice, which says the pact may violate antitrust laws.

FCA Manager Indicted in U.S. for Diesel Cheating

September 24, 2019 at 11:50 AM

A senior Fiat Chrysler Automobiles NV manager has been indicted by a federal grand jury in Detroit for conspiring to mislead regulators about an illegal emission control system used by its U.S. diesels.

VW’s CEO, Chairman Charged with Stock Market Manipulation

September 24, 2019 at 10:41 AM

Volkswagen Group’s top leaders have been charged with stock manipulation for failing to alert investors about the company’s diesel emission cheating.

SEC Complaint Details How Ghosn Hid Payments

September 24, 2019 at 12:14 AM

Former Nissan Motor Co. Chairman Carlos Ghosn and senior associates went to considerable lengths to avoid disclosing his compensation, according to the Securities and Exchange Commission complaint that was settled yesterday.

Nissan, Ghosn Settle SEC Fraud Case

September 23, 2019 at 2:27 PM

Nissan Motor Co. and former Chairman Carlos Ghosn have agreed to pay $15 million and $1 million, respectively, to settle U.S. claims that they failed to report more than $90 million in benefits for Ghosn.

Tesla Faces Trial over Huge Pay Deal for CEO Musk

September 23, 2019 at 12:33 AM

A Delaware judge has ruled that Tesla Inc.’s board must face a trial to justify why it agreed last year to a multi-billion-dollar payout for CEO Elon Musk indexed to the company’s market value.

UAW Board Member Charged with Embezzlement

September 12, 2019 at 5:28 PM

Federal authorities have arrested Vance Pearson, a United Auto Workers Union regional director and board member, on charges of conspiracy, embezzlement, money laundering and mail and wire fraud.

Ghosn’s First Trial May Start in March-April

September 06, 2019 at 3:16 PM

Carlos Ghosn’s first trial on charges of financial wrongdoing at Nissan Motor Co. will probably start in March or April, sources tell The Nikkei.

Carmakers Face Probe Over Calif. Emissions Pact

September 06, 2019 at 1:13 PM

The U.S. Dept. of Justice is determining whether four carmakers broke antitrust laws in July by pledging to adopt modified California emission standards.