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GM clears pay-outs in wrongful death claims – General Motors’ compensation expert in cases involving faulty ignition switches has found that 19 wrongful death claims are eligible for payments. Attorney Kenneth Feinberg has received 125 death claims due to the faulty switches in vehicles, 106 of which remain under review. Feinberg has also received 320 claims for compensation due to injuries and has so far found 12 eligible for payments.
Yes vote threat to Scottish manufacturing – A Yes vote in Scotland would be a “disaster” and “nightmare” for the newly independent country that would result in it losing highly skilled defence sector jobs and jeopardise investment in its manufacturing industry for decades, according to experts.
Auto-parts suppliers agree deal – German parts maker ZF Friedrichshafen has reached a deal to buy the American TRW Automotive for $13.5bn, including debt. The agreement will create a global automotive supply powerhouse with combined sales of more than $40bn. The transaction will more than double ZF’s market share in the US and China.
Nissan to cut back on electric cars – Nissan chairman Carlos Ghosn, is ready to cut battery manufacturing for electric cars, causing deep divisions with its car-making partner Renault. The plan would see US and UK production phased out, to leave a reduced output of next generation batteries concentrated at a domestic plant. The article notes that the proposal has met with stiff opposition internally.