The insurers aim to recover more than USD 1 billion, claiming the automakers owe compensation to drivers whose vehicles were stolen or damaged.
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Author: Biplab Das
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Latest NewsMOTORSPORT
Arctos Partners invests in Aston Martin F1, valuing team at GBP 1 bn
by Biplab Dasby Biplab DasThe investment in Aston Martin F1 follows a trend in the Formula One landscape, where teams seek external investments to strengthen their positions.
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INDUSTRY NEWSLatest News
General Motors streamlines BrightDrop unit, CEO Travis Katz to depart
by Biplab Dasby Biplab DasGM stated that BrightDrop, initially launched as an independent unit in early 2021, would no longer operate separately.
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Cruise CEO Kyle Vogt noted significant changes in recent events, necessitating a re-evaluation of the employee equity program.
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INDUSTRY NEWSLatest News
U.S. lawmakers express concerns over Chinese autonomous vehicle data practices
by Biplab Dasby Biplab DasThe lawmakers, including Democrats Frank Pallone and Raja Krishnamoorti, have sent letters to 10 Chinese-related companies, seeking clarification on data collection practices.
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INDUSTRY NEWSLatest News
Subaru commits to wage hikes for U.S. plant workers
by Biplab Dasby Biplab DasSubaru, Toyota, Honda, and Hyundai are among non-union automakers facing calls to improve pay and benefits following record contracts negotiated by the UAW.
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INDUSTRY NEWSLatest News
GM workers ratify UAW deal, paving the way for Detroit three agreements
by Biplab Dasby Biplab DasThe ratified UAW-GM deal secures a 25% base wage increase through April 2028, cumulatively raising the top wage by 33%.
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Embarking on a century-long journey, Yamaha’s evolution unfolds through iconic motorcycle models and the YamaPro training initiative.
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INDUSTRY NEWSLatest News
UAW announces resolution as Mack Truck workers approve new five-year contract
by Biplab Dasby Biplab DasThe resolution follows the rejection of an earlier tentative deal and marks a significant development in the ongoing negotiations between the UAW and Mack Trucks.
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INDUSTRY NEWSLatest News
Vatican City partners with Volkswagen for green transition
by Biplab Dasby Biplab DasAs part of the agreement, the Vatican intends to establish a comprehensive network of electric charging stations within its confines and Rome-based properties.