NEW YORK – With a stroke of his pen, President Bush signs a highway bill with a provision that effectively repeals New York’s vicarious liability law. The law forced Big Three auto makers to drop leasing in the state and pushed up acquisition costs for companies that retained leasing. Fred Weber, president and CEO of the Alliance of Automobile Manufacturers, says eliminating vicarious liability “will significantly increase the ability of New York auto dealers to move more cars.” He ...
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