Mexican Media Brands
MG to Halt Production in U.K.
9/23/2016MG, one of England’s most iconic automotive brands, says it will stop making cars in the U.K. at the end of this year when the company’s owner, SAIC Motor Corp. moves final assembly to China.
Takata Report Blames U.S. Unit for Its Airbag Woes
9/23/2016An internal Takata Corp. analysis claims the supplier’s U.S. unit and not the parent company was primarily responsible for designing, testing and producing the company’s flawed airbag inflators.
Cadillac Offers to Buy Out 400 U.S. Dealers
9/23/2016General Motors Co.’s Cadillac luxury car unit is offering lump-sum payments to about 400 of its smallest dealers in the U.S. if they would prefer to relinquish their franchises rather than meet the brand’s new performance standards.
Report: Probe Clears Audi CEO in VW’s Diesel Scandal
9/23/2016The independent investigation Volkswagen AG has commissioned into the carmaker’s diesel emission cheating has cleared Rupert Stadler, CEO of VW’s Audi unit, of any involvement, sources tell Reuters.
Eurozone Growth Slumps to 20-Month Low
9/23/2016Economic expansion in the 19-member eurozone slowed in September to its weakest pace in 20 months, mainly because of a sluggish German economy, according to IHS Markit’s purchasing managers’ index.
PSA, Renault, Suzuki Signal Interest in Proton Investment
9/23/2016The owner of ailing Malaysian carmaker Proton Holdings Bhd has received interest about possible investments from PSA Group, Renault and Suzuki, sources tell Reuters.
VW Adds AWD Golf Alltrack to U.S. Lineup
9/23/2016Volkswagen AG is expanding its Golf car lineup in the U.S. with the addition of the Golf Alltrack wagon.
Toyota Agency to Refund Overcharges for Online Ads
9/23/2016Dentsu Inc., Japan’s largest ad agency, says it will return 230 million yen ($2.3 million) in bogus charges to Toyota Motor Corp. and several other clients for online ads that never ran or whose impact were overstated.
Chevy Reveals Lighter, Smaller Equinox Crossover with Diesel Option
9/23/2016General Motors Co. says the third-generation of its high-volume Chevrolet Equinox compact crossover vehicle is lighter, smaller and more efficient than the outgoing model.
Volvo Taps Telecom Veteran to Head Electronics Business
9/23/2016Volvo Car Group has hired Oedgaerd Andersson as vice president in charge of the carmaker’s electrics, electronics and chassis operations.