Mexican Media Brands
Renault Trims CEO Ghosn’s Bonus 20%
7/28/2016Renault SA has relented under pressure from the French government and agreed to cap the bonus it pays CEO Carlos Ghosn at 120% of his salary from the previous 150%.
Maruti Suzuki Enters India’s Light Commercial Vehicle Market
7/28/2016Maruti Suzuki India Ltd. is launching its first light commercial vehicle, a diesel-powered variant of Suzuki Motor Corp.’s Super Carry LCV, in India next month.
Safety Advocates Criticize Mercedes “Drive Pilot” Ads
7/28/2016Consumer and safety advocates in the U.S. are asking the Federal Trade Commission to determine whether Daimler AG’s Mercedes-Benz unit is overstating the capabilities of its semi-autonomous Drive Pilot technology in television ads, Automotive News reports.
U.K. Company Aims to Launch Supercar Next Year
7/27/2016U.K.-based Keating Supercars is developing a new high-output model that it plans to introduce next April at the annual Top Marques Monaco luxury showcase exhibit.
Fed Opts Not to Raise Interest Rates
7/27/2016The Federal Reserve has elected to maintain its prime lending rates unchanged at 0.25-%-0.5% for now.
Driver Safety Aids Boost New-Vehicle Appeal
7/27/2016New vehicles equipped with such driver aids as blind-spot warnings and automatic braking scored sharply higher than models that lack such features in this year’s J.D. Power APEAL study.
Sales Accelerate for Valeo
7/27/2016Valeo SA reports its adjusted sales growth accelerated to 13% and €4.2 billion ($4.6 billion) in the second quarter.
College Team Sets EV Efficiency Record of 26,100 mpg
7/27/2016A team of graduate students from Germany’s Technical University of Munich set a Guinness Record for electric vehicles earlier this month with an efficiency rating of 1,200 km/kWh, which is equivalent to about 26,100 mpg.
Fuel Economy Scandal Pushes MMC to Loss
7/27/2016The sales fallout from Mitsubishi Motors Corp.’s minicar fuel economy ratings scandal in Japan pushed the company to a net loss of 130 billion yen ($1.2 billion) in April-June.
PSA’s Net Nearly Doubles in First Half
7/27/2016PSA Group’s consolidated net income in the first half of 2016 surged to a record €1.4 billion ($1.5 billion) from €720 million a year earlier.