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|Department of Energy Makes it Easier to Access Low-Interest Financing|
Omar A. Lucia; Foley & Lardner LLP;
May 6, 2014, previously published on May 1, 2014The U.S. Department of Energy is overhauling a $16 billion low-interest financing program to fund new technologies such as efficient engines, lightweight materials, and low-friction tires. This program, titled the Advanced Technology Vehicles Manufacturing Loan Program, is being modified to further...
|What To Do If Your Car Was Recalled|
Jeffrey H. Rasansky; Rasansky Law Firm;
May 2, 2014, previously published on May 1, 2014Have you been notified that your car has been recalled? Do you know what to do next? Let the attorneys at Rasansky Law Firm help guide you in the right direction.
|Improper Commission Agreements Can Lead To Wage & Hour Liability|
George F. Brenlla; Clifton Budd & DeMaria, LLP;
May 2, 2014A recent New York Federal Court decision serves as a reminder for employers to make sure that their pay practices comply with requirements of the wage-and-hour laws—even those employees that it pays on a commission basis.
|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...
|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...
|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).
|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...
|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.
|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...