Mexican Media Brands
VW’s €3.7 Billion Savings Plan Will Cut 30,000 Jobs
11/18/2016Volkswagen AG has agreed with its workforce to eliminate 30,000 jobs over the next nine years as part of a €3.7 billion ($3.9 billion) cost-cutting plan.
Chrysler Pacifica Hybrid to Start at $43,000
11/18/2016The plug-in hybrid variant of Fiat Chrysler Automobiles NV’s all-new Chrysler Pacifica minivan will carry a $43,100 sticker price—before a $7,500 federal tax credit and any state and local incentives are applied—when it arrives in U.S. dealerships early next year.
Toyota to Test Fuel Cell-Powered Big Rig
11/18/2016Toyota Motor Corp. plans to begin road tests of a fuel cell-powered heavy-duty truck next year in California.
Ford Confirms Lincoln MKC Production Will Remain in U.S.
11/18/2016Ford Motor Co. says it will continue to build the Lincoln MKC crossover vehicle at its plant in Louisville, Ky., rather than relocate production outside the U.S.
Chinese EV Startup to Open Tech Center in Michigan
11/18/2016SF Motors Inc., a 10-month-old Chinese electric-car startup, plans to open an $11 million engineering research facility outside Ann Arbor, Mich.
Autonomous Vehicle Test Software Developer Named Top Auto Startup
11/18/2016Portland, Ore.-based PolySync Technologies Inc. has won this year's Top Ten Automotive Startups competition by the organizers of AutoMobility LA, which was held earlier this week in conjunction with the Los Angeles auto show.
Tesla Shareholders Approve SolarCity Merger
11/17/2016Tesla Motors Inc.’s outside shareholders have agreed by an 85% margin to acquire home solar panel maker SolarCity Corp. in a stock swap deal worth about $2.2 billion.
Ford Lowers Outlook for Finance Unit
11/17/2016Ford Motor Co. predicts its captive finance unit will generate $300 million less in pretax profit in 2017 than the carmaker estimated in September.
Software Update Makes Tesla Model S Even Faster
11/17/2016Tesla Motors Inc. is rolling out an over-the-air software update that the company says will shave 0.1 seconds off its Model S P100D electric vehicle’s already ultra-quick 2.5 second zero-to-60 mph acceleration time.
Ford of Canada Names New CEO
11/17/2016Mark Buzzell has been named president and CEO of Ford Motor Co.’s Canadian unit, effective Jan. 1. He will succeed Dianne Craig, who will take over as Ford's U.S. director of sales on Jan. 1