Economics
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Tesla Inc. won’t have to pay a 10% tariff on aluminum parts imported from Japan to be used in the batteries that power the Silicon Valley company’s electric cars, the U.S. Commerce Department has determined… Read this piece in its entirety at Law360.
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The Germany-based parent companies of automakers Volkswagen, Audi and Mercedes won their bids to escape multidistrict litigation over the use of defective Takata Corp. air bags when a Florida federal court entered a decision Friday finding the foreign corporations were outside its jurisdiction… Read this piece in its entirety at Law360.
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The executive in charge of U.S. sales for Fiat Chrysler Automobiles NV says the company cut off most of his compensation after he cooperated with a U.S. Securities and Exchange Commission probe of FCA’s sales figures, according to a suit removed on Wednesday to Michigan federal court… Read this piece in its entirety at Law360.
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The Trump administration on Thursday announced that it would impose an escalating tariff of up to 25% on all goods imported from Mexico unless the country does more to reduce the flow of migrants across the U.S. southern border… Read this piece in its entirety at Law360.
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Exxon Mobil Corp. on Thursday took advantage of a recent Trump administration policy change to launch a multimillion-dollar suit under the Helms-Burton Act, alleging two Cuban companies have made use of property seized from the oil and gas behemoth since Fidel Castro came to power… Read this piece in its entirety at Law360.
Mike LaSusa 