Mexican Media Brands
Maruti Suzuki’s Net Profit Soars on SUV Sales
7/26/2016Strong demand in India for small SUVs boosted net profits for Maruti Suzuki India Ltd. 23% to 14.9 billion rupees ($221 million) in April-June.
Report: Apple Taps Company Veteran to Lead Car Program
7/26/2016Bob Mansfield is taking over Apple Inc.’s secretive Project Titan autonomous electric car program, The Wall Street Journal reports.
FCA Plans $1.5 Billion Overhaul for Sterling Heights Assembly Plant
7/26/2016Fiat Chrysler Automobiles NV will invest $1.5 billion to retool its auto assembly plant in Sterling Heights, Mich., to make next-generation body-on-frame Ram 1500 pickup trucks.
Michelin Hikes First-Half Operating Profits 11%
7/26/2016Michelin & Cie. reports that a cost-cutting program in Europe helped the tiremaker increase its operating income 11% to €1.4 billion ($1.6 billion) in January-June.
Daimler’s MyTaxi Merges with Rival Hailo
7/26/2016Daimler AG is merging its 7-year-old mytaxi service with U.K.
Faurecia Hikes Outlook as Income Surges
7/26/2016Faurecia SA’s net income in the first half of 2016 surged 56% to €245 million ($269 million) as sales rose less than 1% to €9.5 billion ($10.4 billion). The French supplier’s operating income for the period climbed 28% to €490 million.
Cars.com Buys DealerRater Website
7/26/2016Cars.com, a Chicago-based car-shopping website, is acquiring DealerRater, an online dealership review platform.
Porsche Expands EV Hiring Program
7/26/2016Porsche AG is increasing the number of people it plans to hire to develop and produce its upcoming electric sports car from about 1,000 to more than 1,400.
Hyundai’s Profits Fall Again
7/26/2016Hyundai Motor Co. says its net income, including its Kia Motors Corp. affiliate, declined 3% to 1.66 trillion won ($1.5 billion) in the fiscal quarter ended June 30.
VW Faces More Penalties If U.S. Diesel Owners Resist Buyback Option
7/26/2016Volkswagen AG’s diesel scandal settlement in the U.S. assumes the company will buy back or repair at least 85% of the 475,000 cheater diesels it sold there.