Ford will pay 17 million to settle MyFord Touchrelated lawsuit

first_imgOwners and lessees with this older system are in for at least $45 if they submit a claim. Ford Infotainment is a tricky part of in-car technology even today. As automakers gradually dipped into more tech-laden systems, some got it right, and some did not.After numerous complaints, Ford has settled a class-action lawsuit surrounding its MyFord Touch infotainment system. Law firm Hagens Berman said in a release on Tuesday that the automaker will pay $17 million, and both owners and lessees are eligible for compensation.Specifically, the litigation surrounds the system equipped in 2011-2013 Ford and Lincoln vehicles. The infotainment system was notorious for being unresponsive, crashing and freezing while driving. Other complaints surrounded inaccurate GPS information and the total inability to connect with a smartphone.Compensation amounts will be based on how often an owner or lessee needed to service their vehicle for an infotainment system repair. If that figure is three times or more, they will receive up to $400. Those that serviced the system twice will receive $250, and one appointment for a MyFord Touch fix will award an individual $100. Those who didn’t have any repairs done to the system but were, as the law firm said, “dissatisfied” with MyFord Touch will receive $45 by filing a claim.To help affected folks, a dedicated website is now online to submit a claim and to search through repair claims. For those who may not remember how many times they brought their vehicle in for a repair, the website will locate the records. Furthermore, any owners who made repairs outside the warranty period can apply for reimbursement for any out-of-pocket costs.California, Massachusetts, New Jersey, North Carolina, Ohio, Virginia and Washington residents are the only individuals able to file a claim and people in those states must have purchased or leased a Ford or Lincoln from an authorized dealer before Aug. 9, 2013. Ford will automatically cut a check for anyone who doesn’t submit a claim and was the original vehicle owner, in amounts ranging from $20 to $55.As for Ford’s most-recent stab at infotainment, we’re happy to report Sync 3 is pretty darn good. 4 2020 BMW M340i review: A dash of M makes everything better Checking the tech in the 2020 Ford Explorer 3:16 29 Photos 2019 Mercedes-Benz GLC350e review: Premium plug-in hybrid feels like an efficiency half-step Share your voice Comments More From Roadshow 2020 Hyundai Palisade review: Posh enough to make Genesis jealous Now playing: Watch this: Ford Tags Ford Auto Tech Car Industry Sync 3 gives Ford cars fast navigation, Android and iPhone love (pictures)last_img read more

Prices on Rise Days before Union Budget

first_imgJump in Petrol prices: Petrol prices went up by ₹1.69 per litre on Monday, in what is being termed as a ripple effect of the Iraq crisis, which have raised international gasoline rates.The price of Brent crude oil, which is the international standard, rose to $115 per barrel due to the situation in Iraq. Oil companies have also raised the price of diesel by ₹0.50.”Due to geo-political unrest in the Middle East, there has been significant increase in international oil prices. by more than $4 per barrel, and the Rupee-US dollar exchange rate has also deteriorated,” an official from Indian Oil Corp told the PTI.”The combined impact of both these factors has warranted an increase in petrol prices by Rs 1.69 per litre,” added official. The fuel prices could rise further more in some cities depending on the state levies.Jet fuel hike: With a hike in jet fuel brought into effect on Tuesday, airlines are expected to have no choice but to raise fares for air travel, as the fuel constitutes more than 40 percent of the total operating cost for an airline. Jet fuel prices were hiked by 0.6 percent on Tuesday. Prices of essential commodities have been on the rise just a few days before the Modi government’s first budget session in the Parliament on 7 July. In the last few days, prices of vegetables, especially onions, have seen a hike followed by that of fuel and LPG.Here is what the government and citizens are facing:Costlier Onions: Prices of onions have risen by 40 percent in the last two weeks to reach ₹18.50 per kilogram at Asia’s largest wholesale market for the vegetable at Lasalgaon in Maharashtra.Speculation about the weak monsoon is suspected to have driven the prices up. What has added to consumers’ woes is the increasing gap between wholesale prices and retail prices of onions, reportedly because of hoarding.The consumer affairs department is said to have written to state governments to keep tabs on artificial scarcity, The Economic Times reported.LPG prices rise: Consumers will now have to pay ₹16.50 more for every cylinder they get after their quota of 12 subsidised cylinders, as the price of cooking gas (LPG) was hiked on Tuesday. The hike in non-subsidised cooking gas is a first in last six months.last_img read more

Organic growth or aggressive approach Why Infosys needs to decide soon

first_imgA general view shows workers at a cafeteria inside a building at the Infosys campus in Electronic City, Bengaluru. REUTERS File PhotoFor long, the bellwether of Information Technology in India, Infosys, was percieved to have preferred organic growth, hence adopting a cautious approach to acquisitions. Indeed, its legendary co-founder NR Narayana Murthy, was mentioned as studying potential acquisitions until the time it was too late to decide whether the acquisition should go ahead.Given its avowed reluctance to inorganic growth, many investors and private equity firms held off in approaching Infosys with potential acquisitions since Infosys did not seem interested anyway, or at best, was expected to be tardy towards them.Things seemed to changed with the retirement of the founders and the consequent hiring of Vishal Sikka as the Chief Executive Officer. Sikka went all out to change the company’s perception with a series of high profile acquisitions that included the Israeli startup, Panaya, and Skava.The changes under Sikka buoyed the markets to such an extent that analysts were soon proclaiming a changed vision and a transformed approach to inorganic growth. Former Infosys CEO Vishal Sikka speaks during the announcement at the company headquarters in Bengaluru. [File photo]Within Infosys, however, there were murmurs of dissent, though the majority were of the opinion that it represented a New Infosys, unencumbered with the baggage of the past.As the events transpired, Sikka left the company with a cloud hanging over the Panaya deal and for a while, uncertainty crept in with the return of Nandan Nilekani at the helm. However, the reconstituted Board of Directors was quick to divest the firm of its Panaya acquisition and adopt a more cautious stance as far as new acquisitions were concerned.Now, with global IT majors such as Capgemini and Accenture gaining market share in the IT space with their aggressive approach to acquisitions, there has been a debate surrounding Indian firms like Infosys, with many of the opinion that the company should decide soon if they want to remain without acquisitions and base their business models on good old organic growth.In other words, it is time for Infosys, under its new CEO, Salil Parikh, to make its stance known on the future growth strategies in a fast changing global landscape where the outsourcing deals are dwindling which calls for a new strategy to sustain its growth momentum.last_img read more