GM settles final 2 bellwether cases over defective ignition switchesAuto News

GM said it settled the last two so-called bellwether cases stemming from a faulty ignition switch linked to 124 deaths and 275 injuries.

from Automotive News Breaking News Feed http://ift.tt/2ci9X8r
Source Auto News

General Motors settles 2 ignition-switch casesAuto News

General Motors said Monday it settled the remaining two ignition-switch cases for an undisclosed amount in a series of six test trials over the defect. The remaining trials were scheduled for this year in federal district court in New York.

from Automotive News Breaking News Feed http://ift.tt/2bOA9dd
Source Auto News

Volkswagen to take 19.9% stake in Navistar, report says Auto News

VW's trucks division is close to announcing a partnership with rival Navistar, three sources told Reuters, in the latest example of a deal driven by emissions regulations. Volkswagen has agreed to supply engines to Navistar in exchange for a 19.

from Automotive News Breaking News Feed http://ift.tt/2cBGaLu
Source Auto News

China carmakers urge foreign ownership cap to remain for 5 yearsAuto News

China should keep the 50 percent cap on foreign ownership in local passenger-vehicle joint ventures for at least another five to eight years to ensure Chinese carmakers are ready for full-fledged competition, according to the country's state-backed...

from Automotive News Breaking News Feed http://ift.tt/2bR7ghK
Source Auto News