Mexican Media Brands
Manufacturing’s Share of U.S. GDP Hits 72-Year Low
10/29/2019The manufacturing sector accounts for 11% to the U.S. gross domestic product, its lowest share since 1947, according to Dept. of Commerce data.
AutoNation Expands Partnership with Waymo
10/29/2019Vehicle retail giant AutoNation Inc. is extending its service agreement with Waymo LLC for another two years and will begin using Waymo self-driving vehicles to deliver parts to repair facilities.
Japan Tax Unit Says Ghosn Tapped Nissan Funds
10/29/2019Japan’s National Tax Agency reportedly ruled that former Nissan Motor Co. Chairman Carlos Ghosn spent $1.4 million of company funds on his own behalf.
Toyota Readies Supra-Based GT Racer
10/29/2019Toyota Motor Corp. says next year it will begin selling a production version of the Supra race car it unveiled in March at the Geneva auto show.
Strike Cuts GM’s 3Q Revenue, Earnings
10/29/2019General Motors Co. says the first two weeks of the just-ended 40-day strike at its U.S. factories cut its third-quarter pretax earnings in North America by $1 billion and contributed to a 9% drop in overall net profit.
Gembella Plans 800-hp Hypercar
10/29/2019German tuner Gembella GmbH, which specializes in ultra-high-performance McLaren and Porsche variants, hopes to find investors to help it develop its own hypercar.
Ford Recalls Transit Vans for Driveshaft Flaw
10/29/2019Ford Motor Co. will recall 319,300 of its 2015-2017 model Transit fullsize vans in North America to replace a driveshaft flexible coupling that could fail.
VW Forms Autonomous-Driving Unit
10/29/2019Volkswagen AG is creating a new subsidiary, Volkswagen Autonomy GmbH (VWAT), to head development and deployment of Level 4/5 fully autonomous vehicle systems.
Hyundai’s Genesis Unit Names New Global Chief
10/29/2019Hyundai Motor Co. has appointed Yong-woo (William) Lee to head its Genesis luxury car unit, effective Nov 1.
Carmakers Back Trump on California Emissions Stance
10/29/2019Major carmakers—including Fiat Chrysler Automobiles, General Motors, Hyundai/Kia, Nissan and Toyota—are backing the Trump administration’s position that California is barred by federal law from setting its own fuel economy standards and zero-emission vehicle sales quotas.