Recent News

Barra says GM continues pursuit of ‘zero defect mentality’

General Motors CEO Mary Barra told an event here today about being the target of Congress -- and "Saturday Night Live" -- and about befriending billionaire Warren Buffett. But she gave little detail on GM's new Cadillac to be built in Detroit. ... Read More »

Toyota recalling 20,000 vehicles from 2014-15 on potential fuel leak

Toyota said it will recall about 20,000 vehicles from the 2014 and 2015 model years worldwide for possible fuel leaks. ... Read More »

Mini will show new five-door hatchback at Paris show

BMW's Mini brand will unveil its first five-door hatchback in Paris as the marque seeks to attract new customers and those seeking something bigger than the current three-door Mini. ... Read More »

FTC Approves Final Order Preserving Future Competition in Generic Injectable Tuberculosis Drug Market

Following a public comment period, the Federal Trade Commission has approved a final order settling charges that Akorn, Inc.’s acquisition of VersaPharm Inc. and its parent company, VPI Holdings Corp., would have likely been anticompetitive. Under the order,...

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FTC Action Halts Online High School Diploma Mill That Made $11 Million Selling Worthless Diplomas to Students

At the Federal Trade Commission’s request, a U.S. district court in Florida has temporarily halted a diploma mill that allegedly grossed more than $11 million from marketing and selling fake high school diplomas online to consumers nationwide. The court imposed...

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FTC Approves Four SCI Applications to Divest Funeral and Cemetery Assets in Georgia and Tennessee

Following public comment periods, the Federal Trade Commission has approved four applications by Service Corporation International (SCI) to divest certain funeral and cemetery assets, as required under the FTC’s May 2014 order settling charges that SCI’s acquisition...

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House bill proposes tougher auto safety rules

House Democrats introduced another bill Thursday to toughen federal auto safety laws after the National Highway Traffic Safety Administration came under more criticism by U.S. ... Read More »

China’s Wanxiang to relaunch Fisker Karma with 2012 design, report says

Chinese auto parts producer Wanxiang Group, which bought electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people... ... Read More »

Alabama steel plant’s new owners pledge more supply

North American auto plants soon should see an improved and greater supply of the high-strength steels needed to reduce vehicle weight and improve fuel economy, thanks to a change in ownership earlier this year of an advanced steel-finishing plant... ... Read More »

7 Japanese supplier execs indicted in price-fixing scheme

A federal grand jury in Detroit has indicted seven executives from Japanese auto suppliers Mitsubishi Electric and Hitachi Automotive Systems for their alleged roles in a conspiracy to fix auto parts prices, the Justice Department said today. ... Read More »