Tag Archives: million

Kia ordered to pay $374 million in back pay to Korean workers

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by Dave Adams Automotive Images A South Korean court ruled against Kia Motors and ordered the company to pay $ 374 million in unpaid wages. … Automotive News Breaking News Feed

Nissan agrees to $98 million settlement on Takata economic loss claims

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by Dave Adams Automotive Images Nissan agreed to a $ 97.7 million settlement to resolve class-action consumer economic loss claims in the U.S. tied to the recall of 4.4 million vehicles with Takata airbag inflators. … Automotive News Breaking News Feed

Toyota creates $100 million venture fund for tech startups

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by Lummi Photography Toyota Research Institute is investing $ 100 million to start a venture capital fund for technology startups. The fund, called Toyota AI Ventures, will focus on AI, robotics, and other technologies. … Automotive News Breaking News Feed

Drive.ai raises $50 million in new funding

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by grandjury Self-driving startup Drive.ai raised $ 50 million in a second round of funding as the Silicon Valley company prepares to deploy its technology in pilot vehicles later this year. … Automotive News Breaking News Feed

Fields could walk away from Ford with $57.5 million

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by Niklas Emmerich Photography Former Ford CEO Mark Fields, ousted by the board after the automaker’s stock declined 37 percent on his watch, could walk away with about $ 57.5 million in compensation. … Automotive News Breaking News Feed

Nissan finance ordered to pay ex-dealer $256 million for fraud

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by Zixii After years of legal wrangling, ex-Nissan dealer Mike Kahn has been awarded $ 256 million by a jury against Nissan Motor Acceptance Corp. … Automotive News Breaking News Feed