Dallas company makes $135 million buyout bid for subprime auto lender
A Dallas company led by auto finance veteran Samuel Ellis is offering to buy out a California firm that specializes in subprime auto loans for $135 million. Auto Experience Inc., which Ellis formed in 2018, said it made the all-cash…
VW Rips Pre-Scandal Car Owners’ ‘Pile-On’ Damages Bid
Law360 (September 28, 2020, 4:51 PM EDT) — Volkswagen has told a California federal judge that drivers who sold their vehicles before the German automaker’s September 2015 emissions-cheating scandal aren’t entitled to any damages and can’t prove they purportedly paid…
GM files state lawsuit against FCA in bid to revive bribery case
DETROIT — General Motors filed a new lawsuit accusing Fiat Chrysler Automobiles of bribery and conspiracy in state court Monday after the dismissal of its federal racketeering case against the rival automaker. The automaker, which is still appealing in the…
VW’s Traton boosts bid for rest of Navistar
Volkswagen Group’s heavy-truck business boosted its bid for Navistar International, offering to buy the rest of the U.S. manufacturer for $3.6 billion. Traton increased its offer to purchase the portion of stock it does not already own to $43 a…
VW’s Traton boosts bid for rest of Navistar to $3.6 billion
Volkswagen Group’s heavy-truck business boosted its bid for Navistar International Corp., offering to buy the rest of the U.S. manufacturer for $3.6 billion. Traton increased its offer to purchase the portion of stock it doesn’t already own to $43 a…
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