Mexican Media Brands
Pension Liabilities Loom Over Opel Sale
2/23/2017PSA Group’s plan to buy General Motors Co.’s Opel unit will hinge in part on how the companies resolve what analysts say is a pension shortfall of roughly $8 billion (€7.6 billion) the Financial Times says.
Geely Plans April Debut for Subscription-Based Lynk Brand
2/23/2017Geely Automobile Holding Co. will introduce its new Lynk & Co. brand in Shanghai in April, The Nikkei reports.
Tesla Plans More Gigafactories
2/23/2017Tesla Motors Inc. says it will announce plans for as many as three more battery “gigafactories” by the end of the year.
PSA’s Opel Assessment: “This Company Needs Help”
2/23/2017CEO Carlos Tavares, whose PSA Group hopes to finalize a deal next month to acquire Adam Opel AG from General Motors Co., tells reporters a merger would exploit the market appeal of Opel’s German engineering.
GKN Launches Production of AWD Disconnect System in China
2/23/2017GKN plc’s Shanghai GKN Huayu Driveline Systems (SDS) partner has begun making the supplier’s all-wheel drive disconnect system in China.
Report: Mercedes-AMG Readying GT Sedan
2/23/2017Daimler AG’s Mercedes-AMG unit will take the wraps off a concept sedan next month at the Geneva auto show and follow up with a production model next year, Autocar reports.
Truck Sales Climb 8% in Europe
2/23/2017January deliveries of commercial trucks and buses across Europe expanded to 179,000 units from 165,600 vehicles in the same month last year, industry trade group ACEA reports.
PSA Joins French Partners in U.S. Car-Sharing Business
2/23/2017PSA Group is teaming up with two other French companies to launch a car-sharing business in California.
Car Production in U.K. Hits 9-Year High
2/23/2017The U.K.’s output of new vehicles grew 8% to 147,900 units in January, its greatest volume for the month since 2008, according to the Society of Motor Manufacturers and Traders.
Tesla Narrows Quarterly Loss as Revenue Soars
2/23/2017Tesla Inc. reports that its net loss in the fourth quarter shrank to $121 million from $320 million a year earlier, when it was rushing to launch the Model X electric crossover vehicle.