The 12-cylinder, 750-horsepower models that Lamborghini billed as a “street-legal racing car” are among about 5,900 Aventadors the carmaker will recall worldwide over risks that a fuel system fault could lead to fires.
"A clear and unequivocal statutory or regulatory prohibition on states regulating vehicle performance of autonomous vehicle technology would help to halt or prevent the emergence of a patchwork of state laws."
The company’s de facto leader narrowly avoided formal arrest last month when prosecutors accused him of bribing a confidante of the president with nearly $40 million. A Seoul court rejected the arrest warrant on grounds of insufficient...
Evidence that top management was aware of the illicit conduct would provide fresh ammunition for legal claims from disgruntled investors across the globe, potentially adding billions of dollars in costs.
Two days after Key Safety Systems emerged as the leading restructuring sponsor, shares of the embattled airbag maker dropped the daily maximum on speculation that it might have to go through court-led bankruptcy.
The proposed settlement, with the Federal Trade Commission and drivers of about 78,000 diesel models with 3.0-liter engines, brings the total cost of penalties, buybacks and fixes in North America to more than $23 billion.