Federal judge orders GM, FCA CEOs to meet to resolve GM racketeering lawsuit

DETROIT (Reuters) – A federal judge in Detroit on Tuesday ordered the chief executives of automakers General Motors Co (GM.N) and Fiat Chrysler Automobiles NV (FCA) (FCHA.MI)(FCAU.N) to meet no later than July 1 to try to resolve GM’s racketeering lawsuit.

U.S. District Court Judge Paul Borman called on GM CEO Mary Barra and FCA CEO Mike Manley to meet in person to try to resolve a case that could drag on for years. He said the companies need to focus on building cars and keeping people employed at a time when the coronavirus has hurt the U.S. economy and the country is also dealing with issues of racial injustice after the death of African American man George Floyd at the hands of a white police officer in Minnesota.

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