General Motors accused Fiat Chrysler Automobiles of bribing union negotiators to gain a competitive advantage, triggering an unusual legal dispute between crosstown rivals by filing a federal racketeering lawsuit.
Separately, the head of the United Auto Workers (UAW) union resigned Wednesday, November 20, after the UAW’s board publicly accused him of submitting false and misleading expense reports and concealing the misconduct. Gary Jones earlier this month took a leave of absence as UAW president amid a federal investigation into union corruption.
The GM lawsuit relates to a federal investigation into corruption between leaders at the UAW and labor-relations executives at Fiat Chrysler. In its suit filed in Michigan, GM accuses its rival of corrupting the collective bargaining process in 2011 and 2015, as well as implementation of a 2009 agreement, to solidify a labor cost advantage for Fiat Chrysler.
On Thursday, November 18, however, Fiat Chrysler brushed off the lawsuit from General Motors and stated it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Google Faces Backlash Over Introduction of AI-Generated Summaries in Searches
May 16, 2024 by
CPI
CMA Launches Phase 2 Probe into AlphaTheta’s Acquisition of Serato
May 16, 2024 by
CPI
NFL Executive Escapes Testifying in High-Stakes Trial Over Televised Games
May 16, 2024 by
CPI
EU Consumers Lodge Complaint Against Chinese Retailer Temu Over Content Rules Breach
May 16, 2024 by
CPI
EU Regulators Assessing Car Repair Market Amid Calls for Increased Competition
May 16, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI