A federal judge considers the litigation of General Motors’ racketeering lawsuit against FCA “a waste of time and resources,” and has ordered the CEOs of each company to reach a “sensible” resolution. GM’s accusations stem from a five-year federal investigation into payoffs from FCA executives to UAW officials “dating to days after Chrysler Group LLC emerged in 2009 from bankruptcy with $12.5 billion in taxpayer money under the control of a foreign company, Italy’s Fiat SpA,” said The Detroit News. (Source: The Detroit News) Read the original article…
