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Appeals court rejects GM's bid to remove judge from Fiat Chrysler lawsuit

A U.S. appeals court on Monday denied General Motors' petition to remove a lower court judge from its racketeering lawsuit against Fiat Chrysler Automobiles, but said the companies' heads need not meet to settle the issue. The Sixth U.S. Circuit Court of Appeals said U.S. District Judge Paul Borman abused his discretion by requiring GM CEO Mary Barra and FCA's head, Mike Manley, to meet face-to-face for reasons unrelated to the case, and without taking into account the risks of travel during the COVID-19 pandemic. The district judge's order for the parties to report back to the court in only eight days was also unwarranted, the appeals court said. Borman in June ordered Barra and Manley to meet by July 1, and later amended his order to allow other officials in their place. "We do not mean to say, however, that the district judge may not order a pretrial settlement conference and/or mediation in the normal course," the appeals court said in a filing. The court in June stayed Borman's order requiring officials from the two firms to resolve the lawsuit, and on Monday rejected GM's request for a new judge to oversee the case, saying Borman's desire for a quick settlement was "not so extreme" that he needed to be replaced. GM said in a statement it was grateful that the court had quickly reviewed and granted its petition for a writ of mandamus, that is, setting aside the requirement to meet. However, the company did not comment on the rejection of its request to reassign the case to another judge. GM sued FCA last year, accusing the Italian-American company's executives of bribing United Auto Workers union officials to secure labor agreements that put GM at a disadvantage. Government/Legal Chrysler Fiat GM

Fiat and UAW back at negotiating table over Chrysler stake

We knew there'd be no Chrysler IPO before the end of this year, but Fiat is determined to get the best run going into 2014 and is back at the poker table with the UAW. The delay was said to be Chrysler's desire to clean up a tax issue with the IRS; turns out that also bought the carmaker time to try and close a deal for the UAW's 48.5-percent stake in the company before the IPO happens.
Whereas the price Chrysler was willing to pay was once more than $1 billion under the UAW's asking price, the gap has closed to just $800 million of late. A recent valuation of the company at $10 billion - a valuation the UAW has disputed - means Fiat would be looking to pay about $4.2 billion instead of the $5 billion that the UAW seeks. But the UAW needs to hold out for the highest amount it can get because its pension obligations through the Voluntary Employee Benefit Association (VEBA) are $3.1 billion greater than the VEBA's assets, which include the Chrysler stake.
There's a clause in the agreement that Fiat can buy the VEBA shares for $6 billion, but Fiat CEO Sergio Marchionne has said that the UAW "should buy a ticket for the lottery" if they even want $5 billion. The UAW, though, has more time to wait; it's Fiat that wants access to Chrysler's $11.9-billion war chest and that would like to avoid the risk of paying the full $6 billion for the UAW share if the float really takes off. With other valuations of Chrysler as high as $19 billion, a hot IPO could make that $6 billion look like a bargain.

Waymo self-driving van involved in Arizona crash

A self-driving Chrysler Pacifica minivan operated by Waymo, the autonomy subsidiary of Alphabet/Google, was involved in a two-car accident Friday afternoon in Chandler, Ariz. First reports indicate the autonomous vehicle was not at fault in the crash — not the "violator vehicle," according to ABC 15 News. This may be Waymo's first accident in its Arizona test program. The Waymo van's side was crumpled. Though Waymo announced in November it would do testing in Chandler without a human backup driver, one was behind the wheel of the van involved in the crash. Chandler police said the van was operating in autonomous mode. Minor injuries were reported. The accident was at Chandler Avenue and Los Feliz Drive. A Honda was eastbound on Chandler when it had to swerve to avoid a northbound vehicle in the intersection, police said. When it swerved, it entered the westbound lanes and struck the oncoming Waymo van. Waymo did not immediately comment on the accident. In March, a self-driving Uber vehicle struck and killed a pedestrian in Tempe, the first known fatality involving a self-driving car. Since that crash, Uber has halted its self-driving tests nationwide. Waymo CEO John Krafcik said following the Uber crash that his company's technology would have detected and avoided the pedestrian. Related Video: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Image Credit: ABC 15 Auto News Green Chrysler Minivan/Van Autonomous Vehicles Waymo chrysler pacifica