Recent News

Fiat Chrysler to pay $70 million U.S. auto safety fine, report says

Fiat Chrysler Automobiles has agreed to pay $70 million in fines to resolve a U.S. investigation that it failed to disclose vehicle crash death and injury reports, sources told Reuters today. ... Read More »

Current, former executives from Eberspaecher unit indicted in U.S. for price-fixing

One current and two former executives of Espar and its German parent company Eberspaecher have been indicted for conspiring to fix the prices of heaters used in trucks to keep drivers warm, the Justice Department said today. ... Read More »

Florida dealership group sells 7 stores to Illinois-based group

Fields Auto Group has agreed to buy Brumos Automotive in Jacksonville, Fla. The deal is expected to close in mid-February. Brumos declined to announce the terms of the transaction because it remains subject to governmental and manufacturer approvals. ... Read More »

Metaldyne co-president Amato to step down

Thomas Amato, co-president of powertrain components supplier Metaldyne Performance Group, will step down from the position at the end of the year, the company said today. ... Read More »

New Genesis G90 flagship promises ‘first class’ experience

Genesis, South Korea's first premium auto brand, unveiled a flagship sedan it promises will compete in the 'top of the luxury car market' with 'world best' technologies. ... Read More »

Samsung says autonomous driving key to its car components push

Samsung Electronics will focus on autonomous driving, information and entertainment components for automobiles in its push to boost sales in the car parts business, where South Korean rival LG Electronics Inc. has established a lead. ... Read More »

Wyndham Settles FTC Charges It Unfairly Placed Consumers’ Payment Card Information At Risk

Note: A conference call for media with Jessica Rich, Director of the FTC Bureau of Consumer Protection, was held as follows. Date: Dec. 9, 2015Time: 12:00 p.m. ET Rich and FTC staff took questions from the media about the case. Wyndham Hotels and Resorts has...

... Read More »

Nordstrom, Bed Bath & Beyond, Backcountry.com, and J.C. Penney to Pay Penalties Totaling $1.3 Million for Falsely Labeling Rayon Textiles as Made of “Bamboo”

The Federal Trade Commission announced complaints and proposed court orders barring four national retailers from mislabeling and advertising rayon textiles as made of “bamboo,” and requiring them to pay civil penalties totaling $1.3 million. Under the court...

... Read More »

Wyndham Settles FTC Charges It Unfairly Placed Consumers’ Payment Card Information At Risk

Note: A conference call for media with Jessica Rich, Director of the FTC Bureau of Consumer Protection, was held as follows. Date: Dec. 9, 2015Time: 12:00 p.m. ET Rich and FTC staff took questions from the media about the case. Wyndham Hotels and Resorts has...

... Read More »

Nordstrom, Bed Bath & Beyond, Backcountry.com, and J.C. Penney to Pay Penalties Totaling $1.3 Million for Falsely Labeling Rayon Textiles as Made of “Bamboo”

The Federal Trade Commission announced complaints and proposed court orders barring four national retailers from mislabeling and advertising rayon textiles as made of “bamboo,” and requiring them to pay civil penalties totaling $1.3 million. Under the court...

... Read More »
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