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|TrueCar to Take Its New Approach to Buying and Selling Cars to Wall Street|
Matthew J. Riopelle; Foley & Lardner LLP;
April 30, 2014, previously published on April 28, 2014TrueCar recently announced that it filed a registration statement with the U.S. Securities and Exchange Commission (SEC) for an IPO of its common stock. According to the registration statement, TrueCar is seeking to raise $125 million through its IPO for “general corporate purposes, including...
|Automotive Suppliers Get Ready for Your Recalls|
Mark A. Aiello, Mark A. Aiello, Christopher H. Grigorian, Christopher H. Grigorian, Lauren M. Loew, Lauren M. Loew, Vanessa L. Miller, Vanessa L. Miller, Jeffrey A. Soble, Jeffrey A. Soble; Foley & Lardner LLP;
April 28, 2014, previously published on April 24, 2014It is impossible to be in the Automotive Industry and not be involved in, aware of, concerned about or otherwise thinking about recalls. But as a supplier, what are you doing now to be ready for what many feel is the inevitable call from your customers or the government? What are you doing to...
|U.S. and Japan Continue Talks on Auto Tariffs|
Masahiro Tanabe; Foley & Lardner LLP;
April 25, 2014, previously published on April 21, 2014Once again, the United States and Japan failed to reach an agreement on auto tariffs. Tariffs on automobiles are one of the remaining key issues that lie between the two countries in relation to the proposed Trans-Pacific Partnership (TPP).
|Vehicle Ignition Defect and Recall: GM Needs to Find the Road to Truth and Safety|
Kevin R. Dean; Motley Rice;
April 25, 2014, previously published on April 8, 2014Picture this: you’re cruising down the highway, you hit a bump in the road and your vehicle stops running in the midst of traffic. Or this, one minute you’re driving down a road, riding over a pothole and the next minute, you feel your engine begin to stall out and completely lose...
|Update On Settlement Of Antitrust Suit Against Comdata And Truck Stop Chains|
Eric B. Fastiff; Lieff, Cabraser, Heimann & Bernstein, LLP;
April 22, 2014, previously published on April 18, 2014Earlier this year, a settlement of $130 million plus prospective relief was reached in a class action lawsuit brought by truck stops and other retail fueling facilities that paid percentage-based transaction fees to Comdata on proprietary card transactions using Comdata's over-the-road fleet card.
|Massive GM Recall Highlights Importance of Civil Justice System|
Mark P. Chalos; Lieff, Cabraser, Heimann & Bernstein, LLP;
April 22, 2014, previously published on April 16, 2014General Motors CEO Mary Barra recently told Congress that GM is sorry for the American families whose loved ones were killed or injured by a deadly ignition defect present in millions of GM vehicles. While it is noteworthy that Ms. Barra has now admitted that GM's conduct has caused numerous deaths...
|What’s Next for Conflict Minerals Rules After D.C. Circuit Decision?|
Foley Lardner LLP;
April 21, 2014, previously published on April 17, 2014On April 14, 2014, the U.S. Court of Appeals for the District of Columbia Circuit (D.C. Circuit) issued its long-anticipated ruling in the industry challenge to the Securities and Exchange Commission’s (SEC) conflict minerals rules, and - as we forecast in a previous blog post - free speech...
|Tragic California College Tour Bus Accident Highlights Need For Greater Bus Safety|
Fabrice N. Vincent; Lieff, Cabraser, Heimann & Bernstein, LLP;
April 16, 2014, previously published on April 13, 2014The investigation into the cause of the deadly bus crash on Interstate 5 near Orland, California, involving the collision of a FedEx tanker truck and a motor coach transporting high school students to tour Humboldt State University is in its initial stages. Investigators will seek to identify why...
|D.C. Circuit Partially Strikes Down SEC Conflict Minerals Rules|
Frank S. Murray, Mark T. Plichta; Foley & Lardner LLP;
April 16, 2014, previously published on April 15, 2014On April 14, 2014, the U.S. Court of Appeals for the D.C. Circuit issued its long-awaited decision in the challenge to the SEC’s conflict minerals disclosure rule filed by the National Association of Manufacturers (“NAM”) and other industry groups, giving the challengers a partial...
|OESA Sees Sunny Skies for Auto Industry|
Jeffrey A. Soble; Foley & Lardner LLP;
April 16, 2014, previously published on April 14, 2014The Original Equipment Suppliers Association (OESA) recently released its 2013 Annual Report which includes an interesting and positive “State of the Industry.” Modest growth is projected for both 2014 and 2015, pushing expected annual North American Production levels over 17 million...