Mexican Media Brands
Subaru’s Income Falls 22%
11/2/2016Fuji Heavy Industries Ltd., the maker of Subaru cars, reports its net income dropped 22% to 85 billion yen ($823 million) in the fiscal second quarter ended Sept. 30.
Former Ford Exec Martin Leach Dies
11/2/2016NextEV Inc.President Martin Leach died this week after battling cancer for several months. He was 59.
Tesla Touts Cash Gain in Merger with SolarCity
11/2/2016Tesla Motors Inc. claims its proposed $2.6 billion acquisition of home solar panel producer SolarCity Corp. will contribute more than $1 billion in revenue to the carmaker next year and $500 million in cash over the next three years.
Volvo, Geely Will Share Same Production Line in China
11/2/2016Geely Automobile Holding Co. and its Volvo Car affiliate will co-produce their latest small crossover vehicles in a factory under construction in Luqiao, located 200 miles south of Shanghai, the Financial Times reports.
Woman Injured by Exploding Airbag Inflator Sues Honda, Takata
11/2/2016A woman has filed a lawsuit in Houston, Tex., against Honda Motor Co. and Takata Corp over cuts sustained when the airbag inflator in her Honda car exploded in a low-speed crash.
GM to Test Car Leasing for Uber Drivers
11/2/2016Car-share service Uber Technologies Inc. has agreed to test a program with General Motors Co. that will enable Uber drivers to lease GM vehicles by the week.
U.S. Car Sales Slide 4%
11/1/2016Deliveries of cars and light trucks in the U.S. market fell about 4% to an estimated 1.39 million units in October, according to Autodata Corp.
Forecast: Brexit Will Hinder Sales Growth in Europe
11/1/2016Growth in European demand for cars and light trucks, excluding Russia, will slow from 10% in 2015 to 6% this year and 2% in 2017, LMC Automotive predicts.
Mercedes Inline-6 Tops 400 Horses
11/1/2016Daimler AG’s Mercedes-Benz unit is introducing a new turbocharged 3.0-liter inline 6-cylinder engine that will generate at least 408 hp and 369 lb-ft of torque.
VW Ponders U.S. Market Debut for Crafter Commercial Van
11/1/2016Volkswagen AG’s Commercial Vehicles unit is studying a plan to introduce its next-generation Crafter commercial van to the U.S. market.