JUDGE THROWS OUT GM’S RACKETEERING LAWSUIT AGAINST FCA

A U.S. federal judge on Wednesday threw out a racketeering lawsuit General Motors Co. had filed against Fiat Chrysler Automobiles NV, saying the No. 1 u.s. automaker’s alleged injuries were not caused by FCA’S alleged violations. GM officials said they “strongly disagree” with the order by u.s. district Court Judge Paul Borman and would appeal. “There is more than enough evidence from the guilty pleas of former FCA executives to conclude that the company engaged in racketeering, our complaint was timely and showed in detail how their multimillion-dollar bribes caused direct harm to GM,” GM said in a statement. GM filed the lawsuit against FCA last November, alleging its rival bribed united Auto Workers union officials over many years to corrupt the bargaining process and gain advantages.