By Ben Klayman and Eric Beech
Senators on Thursday demanded to know why General Motors Co did not fire its top lawyer after it was revealed this year that the automaker’s litigation department knew of a widespread and deadly ignition flaw but failed to escalate the safety issue.
German auto supplier ZF Friedrichshafen, moving to acquire TRW Automotive Holdings, has been told by lenders that financing is available for a higher all-cash bid which could value the U.S. company at as much as $13 billion, people with knowledge of the matter said.
ZF, working with Citigroup, is exploring a proposal that values TRW at between $110 to $112.50 a share, said two of the people, who asked not to be identified because the matter is private.
A major new report published at the Low Carbon Vehicle Partnership’s Annual Conference shows the UK automotive sector has been revitalized by consistently applied policy centered on cutting carbon.
All black models are obviously popular as Skoda has launched not one, but eight new Black Edition models in one day.
By YURI KAGEYAMA
Nissan’s chief executive, Carlos Ghosn, who has long made a point of promoting women to management positions, said the Japanese prime minister’s plan to boost female bosses to 30 percent by 2020 is too ambitious.
