Recent News

Toyota’s HQ plans find good company in Texas

Toyota's giant 2.1-million-square-foot headquarters will be a big presence in the increasingly crowded Plano, Texas, neighborhood known as Legacy West. Across the street, the new headquarters for FedEx Office are nearly complete. ... Read More »

Penske seeks $1 billion for truck parts unit, report says

Roger Penske's holding company is exploring a sale of Truck-Lite in a deal that could value the maker of lighting, wiring harnesses and mirrors for trucks at close to $1 billion, people familiar with the matter told Reuters. ... Read More »

Google says self-driving prototype ready to hit the road

Google says it is ready to take its fully autonomous prototype vehicle on the road, but the company has yet to apply for the required permit in California. ... Read More »

Icahn invests $100 million in Lyft as Uber rivalry grows

Lyft raised an additional $150 million, led by an investment of $100 million from Carl Icahn's investment company, raising the stakes in the car-hailing service's rivalry with Uber Technologies. ... Read More »

ZF completes $12.4 billion acquisition of TRW

German auto supplier ZF Friedrichshafen AG said today that it has completed its $12.4 billion acquisition of safety systems supplier TRW Automotive Holdings. ... Read More »

Honda exec says latest airbag recall may impact Japan sales

Honda could see an impact on sales in Japan from its plans to recall some 5 million cars to replace potentially fatal airbags made by troubled supplier Takata, a top executive said today. ... Read More »

FTC Chairwoman Ramirez Testifies Before House Judiciary Subcommittee On Antitrust Enforcement and Priorities to Promote Competition and Protect Consumers

In testimony presented to a U.S. House of Representatives Judiciary subcommittee the Federal Trade Commission described its ongoing efforts to promote competition that benefits consumers and businesses in key sectors of the economy.Testifying on behalf of the...

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FTC Returns Money to Consumers in Phantom Debt Collection Scam

The Federal Trade Commission is mailing checks totaling $16,428.74 to consumers harmed by an operation that used deception and threats to collect payday loan “debts” the consumers did not owe.In February 2012, the FTC charged American Credit Crunchers LLC...

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FTC Approves Final Order Preserving Competition for Bulk Volumes of Hawaii-grade Gasoline Blendstock

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Par Petroleum Corporation’s $107 million acquisition of Koko’oha Investments, Inc.’s wholly-owned subsidiary Mid Pac Petroleum, LLC would likely...

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FTC Approves Final Consent in Deceptive Auto Add-On Case

Company Will Issue $1.5 Million in Consumer Refunds, Waive $949,000 More in Fees Following a public comment period, the Federal Trade Commission approved a final consent order with a company that deceptively advertised its add-on biweekly auto payment plan. National...

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