Back in 2008/2009 during the Global Financial Crisis (GFC), two of the Big Three were close to failure. General Motors recreated itself and left its bad debts with the older entity whilst Chrysler, having left the DaimlerChrysler group in 2007 was struggling with its new owners Cerebus Capital Management. The timing of that transaction probably saved Daimler Benz during the … [Read more...]
FCA Settles Incorrect Sales Numbers Lawsuit
FIAT Chrysler (FCA), who have been in the news quite a lot recently, has recently settled an anti-trust lawsuit that was filed in January 2016. The lawsuit consisted of several parts: racketeering, anti-trust and breach of contract. Initially the racketeering charges were dismissed in October 2016 and then dismissed again in July 2017 when they were rewritten and recharged. … [Read more...]
Nigerian Oil Deals Under Scrutiny
Did you know that Nigeria is the 12th largest oil producer in the world and the 8th biggest exporter? That makes it a mid-range powerhouse when it comes to the oil industry. Now, did you also know that Nigeria ranks at #144 on the Corruption Perception Index with a rating of 27. To put that into perspective, the rating number is between 0 and 100 where zero is really, really … [Read more...]
Waymo and Uber Resolve Trade Secret Complaint
You always know that during the early years of any market, there will always be shenanigans and dodgy behaviour which will result in the lawyers getting involved and making some good cash. This has been happening with the ride-share and autonomous vehicle market. Last year it was Waymo and Uber at loggerheads over their technologies. At the core of the dispute was Otto, the … [Read more...]
GM Sued Over Autonomous Vehicle Collision
Last month, mid January, legal action was taken against General Motors after a collision between a motorcyclist and an autonomous car being tested. I wrote a while back about GM buying Cruise Automation, and it was one of their fleet of Chevy Bolts that was involved in the incident at the heart of the lawsuit. The Incident Oscar Nilsson was riding his motorcycle along a … [Read more...]
