Managing Automotive

News, knowledge, and insights for the automotive industry.

Managing Automotive
Industry Interests, Litigation
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Fiat Chrysler Hit With Investor Suit Over Inflated Sales

Fiat Chrysler Automobiles NV was hit Monday with a putative shareholder class action filed in Michigan federal court alleging the automaker inflated its monthly vehicle sales figures and made false statements in violation of the Securities Exchange Act.

The suit was brought by Odus Ross, an investor who purchased Fiat Chrysler shares during the proposed class period between Oct. 16, 2013, and July 18, 2016. The suit alleges the company and its executives made a string of false statements regarding its monthly sales numbers and falsely claimed “record-setting consecutive U.S. monthly vehicle sales growth.”

[Law360]

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Industry Interests
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California's proposed DMV rules for driverless cars could change in the wake of federal guidelines

For California state officials, the new federal guidelines on testing and deployment of driverless cars come as a bit of a relief.

Until this week, the absence of U.S. government guidance had left the state Department of Motor Vehicles — generally in charge of registering vehicles and issuing drivers’ licenses — to take the lead role in drafting regulations to ensure the safety of self-driving vehicles.

[Los Angeles Times]
 

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Industry Interests
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Self-Driving Cars Gain Powerful Ally: The Government

New federal guidelines make it clear that, while the government will provide oversight, it wants to encourage the development of autonomous vehicles.

[New York Times]

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Industry Interests
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Michigan denies Tesla dealership license

State officials have officially denied Tesla Motors Inc. a dealership license to sell its all-electric vehicles in Michigan. The license was denied because the company’s business model of selling its vehicles directly to consumers is illegal under Michigan law, according to a final decision and order released by state officials. The state requires a dealer to have a contract with an auto manufacturer — not act as both.

[Detroit News]

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Industry Interests
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VW diesel-cheat probe widens in U.S. to include Bosch, report says

U.S. prosecutors are investigating whether Germany’s Robert Bosch GmbH, which provided software to Volkswagen AG, conspired with the automaker to engineer diesel cars that would cheat U.S. emissions testing, two people familiar with the matter told Bloomberg. Among the questions the Justice Department is asking in the criminal probe, one of them said, is whether automakers in addition to VW used Bosch software to skirt environmental standards. Bosch, which is also under U.S. civil probe and German inquiry, is cooperating in investigations and can’t comment on them, said spokesman Rene Ziegler.

[Automotive News]

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Industry Interests
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Canadian autoworkers take firm stance with GM

Deal or strike. Those are the only two options as far as Unifor President Jerry Dias is concerned. The Canadian union leader says he won’t move the 11:59 p.m. September 19 strike deadline as the United Auto Workers union did with each of the Detroit automakers in 2015. 

[Detroit News]

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Industry Interests
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Ford to move all small car production to Mexico

American-made small cars are becoming an endangered species for Detroit’s Big Three automakers. Ford Motor Co. President and CEO Mark Fields confirmed Ford will end small-car production in the United States by shifting it all to Mexico in the next two to three years. That follows announcements from Fiat Chrysler Automobiles that it’s ending all American car production, and plans from General Motors Co. to phase out the Buick Verano in the U.S. 

[Detroit News]

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Industry Interests
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How Did G.M. Create Tesla’s Dream Car First?

Ten years ago, a little-known tech entrepreneur named Elon Musk published a secret master plan for Tesla Motors, an ambitious electric car start-up he had funded.

Revolutionary technologies always start as impractical and expensive, Mr. Musk explained, so Tesla’s first car would be a two-seat roadster that sold for $110,000. But by plowing profits from that car into research and production capacity, Mr. Musk promised that Tesla would quickly create a series of cheaper cars in higher volumes, all toward an almost mythical aim: creating a long-range electric car that could travel more than 200 miles on a single charge, but that cost less than $40,000 for the privilege.

[New York Times]

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Industry Interests, Regulatory
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House Wants NHTSA Action Plan On Vehicle Hacking

The House Energy and Commerce Committee wants to know what auto safety regulators are doing to prevent hackers from taking control of vehicles, asking Monday that the head of the National Highway Traffic Safety Administration hand over an action plan for an industrywide security effort.

[Law360]

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Industry Interests
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A Reporter Goes for a Spin in a Self-Driving Uber Car

Uber is set to start its driverless car pilot program in Pittsburgh with a small fleet of modified Ford Fusions.

[New York Times]

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