Mexican Media Brands
Report: KKR to Buy Nissan’s Stake in Calsonic
10/28/2016U.S. private equity firm KKR & Co. is poised to buy Nissan Motor Co.’s 41% stake in auto supplier Calsonic Kansei Corp. as part of a plan to acquire the supplier, sources tell The Nikkei.
Ford Names Merling to Head Autonomous Vehicle Solutions
10/28/2016Laura Merling has been named to the newly created position of vice president of autonomous vehicle solutions with Ford Motor Co.’s Ford Smart Mobility LLC unit.
Nissan Confirms U.K. Production for Next-Gen SUVs
10/28/2016Nissan Motor Co. says the next-generation version of its Qashqai small SUV/crossover and X-Trail midsize variant will be produced at the company’s giant assembly plant in Sunderland, England.
Google Prepares to Spin Off Autonomous Car Unit
10/28/2016Google Inc.’s parent, Alphabet Inc., will soon spin off its “X” autonomous vehicle group as an independent subsidiary, according to John Krafcik, CEO of the unit.
Visteon’s Income Rises as Sales Slip
10/28/2016Visteon Corp. reports its net income in July-September climbed to $28 million from $5 million a year earlier, even though revenue dipped 5% to $770 million.
U.K. Car Production Rises 1%
10/27/2016The U.K.’s auto industry increased its output in September by about 1,500 units to 159,700 vehicles, according to the Society of Motor Manufacturers and Traders.
BorgWarner’s Income Slides 47%
10/27/2016BorgWarner Inc. says one-time charges cut its net income in the third quarter to $83 million from $157 million a year ago.
Hyundai-Kia Reach Settlement on False Economy Claims
10/27/2016Hyundai Motor Co. and its Kia Motors affiliate have agreed on a $41 million settlement with 33 states and the District of Columbia regarding their overstated fuel economy ratings on vehicles sold in the U.S. between 2011 and 2013.
Mercedes Will Build Its First EV in Germany
10/27/2016Daimler AG’s Mercedes-Benz unit plans to launch production of electric vehicles at its Bremen, Germany, plant by the end of the decade.
VW Regains Profit, Raises Outlook
10/27/2016Volkswagen Group posted a €2.3 billion ($2.5 billion) net profit in the third quarter, reversing last year’s €1.7 billion loss on charges related to its diesel emission cheating scandal.