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The court found Toyota were grossly negligent in the matter.(AFP Photo)

Toyota ordered to pay family $242 million for defect in car seat

By Tom Korosec | Bloomberg
UPDATED ON AUG 18, 2018 09:00 PM IST
The jury found that the front seats were unreasonably dangerous and that the company didn’t warn of the risk.
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A BMW 5-Series Li car is displayed at the Shanghai Auto Show during its media day, in Shanghai, China,(REUTERS File Photo)
A BMW 5-Series Li car is displayed at the Shanghai Auto Show during its media day, in Shanghai, China,(REUTERS File Photo)

Good news for carmakers as Jinping slashes auto tariffs amid US-China trade spat

By Bloomberg News | Bloomberg
PUBLISHED ON APR 10, 2018 03:22 PM IST
China will “significantly lower car import tariffs” and “sincerely hopes to boost imports,” Chinese president Xi Jinping said in a speech at the Boao Forum in Hainan on Tuesday.
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