All Automotive articles – Page 2
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News BriefSEC concludes VW emissions case with $48.8M judgment
Volkswagen Group of America Finance was ordered to pay $48.75 million as part of a final judgment obtained by the Securities and Exchange Commission to resolve historical violations related to the automaker’s emissions scandal.
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Blog
Giti Tire appoints chief sustainability officer
Singapore-headquartered tire company Giti Tire announced the appointment of Pang Chong Hau as chief sustainability officer.
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PremiumCBP stats show persistent problem areas under UFLPA
It’s been nearly two years since the Uyghur Forced Labor Prevention Act took effect, and as enforcement statistics and recent reports demonstrate, many businesses are still not adequately vetting their supply chains.
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News BriefFord to pay $365M in DOJ deal for evading customs tariffs
Ford Motor Co. agreed to pay $365 million to settle charges levied by the Department of Justice that the automaker purposefully dodged import duties for years by mislabeling and undervaluing hundreds of thousands of cargo vans it brought into the United States from Turkey.
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News BriefSEC charges Lordstown Motors with misleading EV investors
Bankrupt electric vehicle maker Lordstown Motors Corp. agreed to pay disgorgement of $25.5 million to settle charges from the Securities and Exchange Commission over alleged materially false and misleading statements regarding its flagship truck.
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Garrett Motion names Trane Technologies sustainability chief to board
Automotive technology provider Garrett Motion announced the appointment of Paul Camuti, executive vice president, chief technology and sustainability officer of Trane Technologies, to its board of directors.
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Lucid announces new general counsel
Electric vehicle company Lucid Group announced the appointment of Matt Everitt as general counsel.
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PremiumQ&A: LKQ sustainability VP on importance of environmental data
Richard Brasher, vice-president of sustainability at multinational automotive parts company LKQ Corp., discusses with Compliance Week his view on the added attention sustainability initiatives are receiving and where improvement remains.
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B&R Auto recruits Leeds West GC as chief administrative officer
Recycled automotive parts company B&R Auto announced the hire of Leeds West Groups Senior Vice President and General Counsel Lance Goeddel as chief administrative officer.
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Blog
Volvo Cars appoints general counsel, legal chief
Volvo Cars announced the appointment of Helen Hu as general counsel and chief legal officer.
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News BriefToyota finance arm to pay $60M in CFPB settlement
Toyota Motor Credit Corp. agreed to pay $60 million as part of a settlement with the Consumer Financial Protection Bureau addressing allegations of illegal lending and credit reporting misconduct.
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PodcastDigital Transformation of Compliance podcast: Stellantis CCO Darren Bradshaw
In this episode of the Digital Transformation of Compliance podcast series, Darren Bradshaw, chief audit and compliance officer at Stellantis, shares how the automaker has digitized and automated parts of its compliance function.
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News BriefSpruce Power fined $11M for misleading electric vehicle projections
Solar energy services provider Spruce Power Holding Corp. was assessed an $11 million penalty by the Securities and Exchange Commission as part of a settlement addressing its predecessor’s alleged misleading of investors regarding its electric vehicle sales pipeline.
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News BriefHyzon Motors fined $25M by SEC for alleged fraud
Hyzon Motors, a global supplier of hydrogen fuel cell-powered heavy vehicles, was assessed a $25 million penalty by the Securities and Exchange Commission in agreeing to settle charges it and its former executives misled investors regarding the sales of its vehicles.
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PremiumLarge companies in crosshairs early under German Supply Chain Act
Amazon, IKEA, and Volkswagen were among the companies targeted in the first round of complaints under the German Supply Chain Due Diligence Act—an early indication nongovernmental organizations will seek to hold big businesses accountable for alleged human rights violations.
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Blog
Charge Enterprises promotes CLO to CCO
Electric vehicle charging company Charge Enterprises announced the promotion of Chief Legal Officer James Biehl to chief compliance officer.
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FullSpeed Automotive recruits general counsel from Interstate Batteries
FullSpeed Automotive announced the appointment of Kelvin Sellers as general counsel.
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News BriefCanoo to pay $1.5M over misstatements, disclosure lapses
Electric vehicle manufacturer Canoo agreed to pay $1.5 million as part of a settlement with the Securities and Exchange Commission for alleged material misrepresentations regarding revenue and failing to properly disclose executive compensation.
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News BriefCPPA sets sights on connected vehicles in first review
The California Privacy Protection Agency is probing the data privacy practices of connected vehicle manufacturers and their technologies as part of its first enforcement review.
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News BriefDOJ fine against GM accompanied by export control law guidance
General Motors agreed to pay $365,000 to settle charges it discriminated against non-U.S. citizens by requiring prospective hires to provide unnecessary documents as part of its export compliance assessment.