Mexican Media Brands
Report: GM Wants Limit on Where PSA Could Sell Current Opel Models
2/24/2017General Motors Co. has set as a term of the impending sale of its Opel unit to PSA Group a ban on marketing Opel’s current models in China, North America or Russia, according to Der Spiegel, which cites no sources.
“Smart Parking” Market Could Jump 150% by 2021
2/24/2017The global market for “smart parking” technologies and services is expected to grow at an annual rate of nearly 18% to reach $5.25 billion by 2021 from more than $2.1 billion in 2015, according to MarketsandMarkets.
Magna Posts Record Sales as Income Stalls
2/24/2017Magna International Inc. reports is revenue in the fourth quarter of 2016 climbed 8% to $9.3 billion.
Porsche Revs Up Second Panamera Hybrid
2/24/2017Porsche AG says its 2018 Panamera Turbo S E-Hybrid will deliver 680 hp and 626 lb-ft of torque, and can rocket from zero to 60 mph in 3.2 seconds on its way to a top speed of 192 mph.
Mercedes Mulls U.S. Potential for Upcoming Pickup
2/24/2017Daimler AG’s Mercedes-Benz unit may offer its 2018 X-Class midsize pickup truck in the U.S., Volker Mornhinweg, who heads the company’s vans operations, told reporters today in Stuttgart.
VW Emission Exec Pleads Not Guilty, Remains Jailed in U.S.
2/24/2017Oliver Schmidt, the Volkswagen AG executive arrested in Miami last month on charges of helping to develop and hide ways to cheat on diesel emission tests, will remain in jail as an extreme flight risk.
Waymo Claims Ex-Employee Stole Sensor Tech for Self-Driving Cars
2/24/2017Waymo, the new name for Google Inc.’s autonomous car program, claims a former employee stole details about the company's laser sensors and used them to help launch his own self-driving-tech company.
VW Has Fixed 31% of Its 11 Million Cheater Diesels
2/24/2017Volkswagen AG says it has repaired 3.4 million of the 11 million diesels it rigged to cheat on emission tests—and is fixing the others at a rate of 200,000 per week.
Visteon’s Income Hurt by Restructuring, Divestment
2/23/2017Visteon Corp.’s net income fell to $2 million in the fourth quarter from $21 million in the same period in 2015, reflecting restructuring costs and last year's sale of an interior components plant in Germany.
Lexus LS Hybrid to Get Multi-Stage Tech
2/23/2017Toyota Motor Corp.’s Lexus unit says its upcoming LS 500h hybrid-electric sedan will feature the multi-stage setup the company introduced last year in the LC 500h hybrid coupe.