FCPA Compliance Report-Episode 389, Shawn Rogers on Tailored and Effective Compliance Training at GM
Blecker: GM Recalls Show Need for Harsher Penalties for "Red Collar" Criminals
Takeaway: The Eastern District of Missouri granted General Motors’ motion to dismiss a putative class action alleging deceptive omission of oil consumption problems with certain GMC and Chevy trucks, agreeing that the...more
Dealer groups and dealer councils can serve invaluable pro-competitive purposes but – if not staying within legal bounds – they can create significant antitrust risk. What’s more, that risk may extend beyond the participating...more
A quieter bond market was music to the markets’ ears on Monday, and they responded with their best day since last June...more
In a much-anticipated [well, for some of us central bank nerds, at least] to the Economic Club of NY, Fed Chair Powell on Wednesday acknowledged that pent-up consumer demand unlocked by a big government stimulus package could...more
State Attorney General Dave Yost recently “ratcheted up the pressure” on General Motors (GM) to repay $60 million in state tax incentives, citing the company’s failure to meet the contractual obligations of the incentive...more
On March 18, 2020, President Donald Trump signed an Executive Order invoking and delegating the authorities of the Defense Production Act (DPA) to the secretary of the U.S. Department of Health and Human Services (HHS) to...more
As the Kansas City Chiefs fought to a thrilling come-from-behind victory in Super Bowl LIV on Sunday, a series of high-profile television commercials announced that electric and autonomous vehicles are no longer mere designs...more
Fed Chair Powell, speaking at an economics conference in Denver yesterday, made news by indicating that the central bank would “once again begin expanding its portfolio of government-backed securities”—a shift in policy...more
Each year, the Detroit Auto Show includes spectacular “reveals” by automakers- new vehicles, concept cars, and new advances in technology. This year is shaping up to include some exciting new releases for fans of the next big...more
In the face of what General Motors’ CEO Mary Barra calls a “fast-changing market,” this week General Motors announced its plans to end the production of certain vehicles, reduce its North American work force by more than 10%,...more
General Motors delivered the harsh news on Monday that it plans to idle five North American factories and cut more than 14,000 jobs in an effort to save costs....more
When the Toyota Prius was first introduced to the United States back in 2000 (and to Japan earlier in 1997), it set the stage for a distant future tsunami of hybrid models. However, early hybrid models were aimed at meeting...more
Issues of cybersecurity in vehicles are high on consumers’ list of concerns in buying new vehicles. It also impacts public perception of self-driving cars, with a 2017 Cox Automotive survey finding 40% of consumers expressed...more
Earlier this week, General Motors unveiled its latest introduction of peer-to-peer (P2P) car sharing on its Maven platform. Up until now, the Maven fleet consisted of GM-owned vehicles parked around 11 cities in the United...more
Mirroring Kevin Durant joining forces with his direct competition, the Golden State Warriors, Honda and General Motors (“the companies”) have teamed up – working together on next-generation electric vehicle (“EV”) batteries –...more
Automakers reported strong June sales in the United States. Riding a wave of truck sales and new crossovers, GM posted a 4.6% increase for the second quarter and increased its market share to 16.6%. Ford increased total sales...more
A U.S. federal district court, on February 20, 2018, declined to dismiss class plaintiffs’ civil RICO claim against GM and a major automotive supplier, where plaintiffs alleged that GM and the supplier conspired to defraud...more
Over the past few weeks Uber, Waymo, and General Motors have solidified their commitments to the next-generation of transit, one that involves their autonomous vehicles and services moving people around the city with near...more
Last week, Republicans in the U.S. House of Representatives released their first attempt at tax reform legislation. Buried in the proposed legislation is a repeal of the current tax credit of up to $7500 to purchasers of...more
Tesla’s hoping that a manufacturing plant in China—the first in the country wholly owned by a foreign manufacturing company—will translate into big sales in the Chinese market. With the Chinese government loath to give up the...more
As product liability multidistrict litigation becomes more prevalent, it is important for manufacturers to understand how the bellwether trial process works and how to use it to their advantage. The ongoing bellwether trials...more
By now, anyone not living under a rock for the last 18 months is no doubt aware of the high-profile recalls that have been roiling the automotive industry. Although the long-running GM ignition switch recall may be the most...more
Three Senate Democrats recently introduced a bill that seeks to hold company executives of a product maker or seller criminally liable for knowingly "failing to inform and warn of serious dangers" associated with a product....more