Mexican Media Brands
China Sanctions 5 Electric-Bus Makers for Falsifying Sales
9/8/2016China’s central government says five domestic producers of electric buses faked sales documents to garner about 1 billion yuan ($150 million) in subsidies, Bloomberg News reports.
Honda Expands Takata Airbag Inflator Recall in Japan
9/8/2016Honda Motor Co. has begun recalling another 668,800 vehicles in Japan to replace Takata Corp. airbag inflators that could explode when triggered in a crash.
Car Sales in Russia Drop 18%
9/8/2016Registrations of new cars and light commercial vehicles in Russia fell 18% to 113,700 units in August, according to the Moscow-based Assn. of European Businesses.
Mazda to Replace Hatch Support Struts in 2.2 Million Vehicles
9/8/2016Mazda Motor Corp. says it is preparing a global campaign to replace hatch support-strut anchors that could corrode and break in 2.2 million of its SUVs and hatchback cars.
UPDATE: Ford Adds 1.5 Million Vehicles to Door Latch Recalls
9/8/2016Ford Motor Co. is expanding a broad recall of vehicles with defective door latches to 2.4 million units in the U.S., Canada and Mexico.
Kia Opens $1 Billion Factory in Mexico
9/8/2016Kia Motors Corp. has officially launched production at its $1 billion assembly plant in Pesqueria, Mexico.
August Car Sales Surge 25% in China
9/8/2016Retail sales of passenger cars, SUVs and multipurpose vehicles in China jumped 25% to 1.8 million units in August, the China Passenger Car Assn. reports.
Nissan Ends Three Indian Ventures with Ashok Leyland
9/8/2016Nissan Motor Co. has agreed to sell its stakes in three joint ventures with India’s Ashok Leyland Ltd. that were set up in 2008 to make light commercial vehicles, build powertrain components and conduct technology development.
U.S. Media Giant Liberty Media to Buy Formula One Racing
9/8/2016Liberty Media Corp., a Colorado-based mass media company, has agreed to buy control of the Formula One racing series for $4.4 billion ($3.9 billion).
PSA Plans Assembly Plant in Southeast Asia
9/7/2016PSA Group says it is looking for a partner to set up an assembly plant in Indonesia, Malaysia or Thailand to tap the southeast Asian market.