Mexican Media Brands
Former VW Chairman Piech Won’t Testify about Diesel Scandal
2/13/2017Ferdinand Piech—who resigned as chairman of Volkswagen AG in 2015 over the company’s diesel emission cheating scandal—has refused to testify on the matter to a German parliamentary committee.
Earnings Drop as Revenue Stalls at American Axle
2/13/2017America Axle & Manufacturing Holdings Inc. reports its net income plunged 25% to $47 million in the fourth quarter of 2016.
Ford Invests $1 Billion in Months-Old AI Startup
2/10/2017Ford Motor Co. plans to invest $1 billion over five years in Argo AI, a startup launched a few months ago in Pittsburgh, Pa., by two pioneers in artificial intelligence.
Musk Disputes Claim that Tesla Staff is Overworked and Underpaid
2/10/2017Tesla Motors Inc. CEO Elon Musk describes as “morally outrageous” claims by an employee about worker injuries, high turnover, poor morale, low wages and long work hours.
Ousted Hyperloop Execs Launch Rival Firm
2/10/2017Brogan BamBrogan and several other former Hyperloop One Inc. (H1) executives have launched a rival company called Arrivo that is developing its own high-speed transportation system.
UPDATE: Bernhard Quits at Daimler
2/10/2017Wolfgang Bernhard, who headed Daimler AG’s truck and bus business for the past three years, has quit the management board and left the company.
Mercedes Goes to Work with Toolbox Concept Truck
2/10/2017Daimler AG Mercedes-Benz describes its Metris MasterSolutions Toolbox Van concept as a toolbox on wheels.
Alfa Romeo Nixs Plans for Giulia Wagon
2/10/2017Fiat Chrysler Automobiles NV’s Alfa Romeo unit has decided not to move forward with a wagon variant of its new Giulia sedan.
FCA Revs Up Octogenarian Mopar Brand with Custom Dodge Challengers
2/10/2017Fiat Chrysler Automobiles NV is readying a pair limited edition, hand-painted and customized Dodge Challengers in celebration of the 80th anniversary of the company’s Mopar parts brand.
Renault Sales, Earnings Surge
2/10/2017Renault SA’s net income in 2016 rose 21% to €3.4 billion ($3.6 billion). Annual unit sales and revenue climbed 13% to 3.18 million units and €51.2 billion ($54.4 billion), respectively.