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Porsche Expects to Win the Investor Lawsuits on the VW Takeover


Porsche expects to win the lawsuit in which the plaintiffs seek billions of euro in damages for the company’s secret takeover of VW. "We are optimistic regarding the outcome of the proceedings," Martin Winterkorn, chief executive of Porsche SE and Volkswagen, said on Tuesday at the holding company's annual general meeting. On April 17th the hearings fro the three lawsuits stalled at ...
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Fisker Sued for Laying Off Employees
Fisker Automotive is sued by Outten & Golden, the firm which also sued the government-funded Solyndra company. Friday, April 5th, Fisker laid off 160 of the 210 employees working at the ...
Ford Sued for Delay in Solving Unintended Acceleration Issue in the US
According to a recent lawsuit Ford could have prevented the unintended acceleration issues in the US as early as 2005. A lawsuit filed several days ago in West Virginia against Ford, ...
Ford Sued For Vehicles Vulnerable to Unintended Acceleration
Yesterday, March 28th, 20 customers sued Ford seeking compensation for vehicles vulnerable to unintended acceleration, more than 10 years ago. The lawsuit was filed in a West Virginia federal court and ...
British Court Rejects Tesla’s ‘Top Gear’ Lawsuit
Recently, an appeals court in Britain dismissed Tesla’s liable suit against the BBC’s Top Gear show. In March 2011, Silicon Valley-based company Tesla Motors said it is suing the BBC’s motoring ...
Audi Continues the Fight With Qoros for Using the Letter ‘Q’ for Its Vehicles
Last week, Qoros Auto prevailed in the lawsuit filed by Audi in Switzerland, according to which the Qoros GQ3 name violated the company’s right to use the letter ‘Q’ on ...
Ford sued by former UK workers for pensions’ transfer to Visteon
Ford was sued by more than 1,400 former UK employees for making misleading statements about the transfer of their pensions to Visteon Corporation during the spinoff of the auto parts ...
GM suing Iowa dealer for reporting fake sales
General Motors is suing a Chevrolet dealership based in Davenport, Iowa, for reporting fake sales. The carmaker said it wants to stop a “widespread fraudulent and unlawful” scheme to falsely report ...
Another Judge Dismisses Dealers’ Lawsuit Against Tesla’s Stores
Norfolk County Superior Court Judge Kenneth Fishman dismissed dealers’ attempt to block Tesla’s retail stores in Massachusetts. According to the ruling, issued on Monday, December 31st, Norfolk County Superior Court Judge ...
New York State Supreme Court Dismisses Porsche Lawsuit
Thursday, December 27th, Porsche won the dismissal of the lawsuit filed by 26 hedge funds which accused the automaker of causing loses of more than $1 billion. According to the lawsuit, ...

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Marchionne Apologized to All Italian-Americans for Using the Term “Wop”
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Wanxiang and VL Auto Want to Buy Fisker
VL Automotive, led by former GM executive Bob Lutz, and Wanxiang Group plan to buy Fisker, according to anonymous sources. China's ...
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Ford to Launch 15 New Vehicles in Europe in Five Years With UK-Built Engines
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Infiniti to Create Luxury Rival for the Nissan Leaf
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Renault Captur was launched in Romania
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