Mexican Media Brands
Suzuki Names Chairman’s Son as CEO
6/29/2016Suzuki Motor Corp. has named Toshihiro Suzuki, 57, to assume the role of CEO from his father Osamu, 86, who will remain as chairman.
Second-Gen Porsche Panamera is Sleeker, More Powerful
6/29/2016Porsche AG’s all-new Panamera sports sedan gets a sportier design, more powerful engines and an updated interior.
Hong Kong Firm Buys UQM
6/29/2016Hong Kong’s Hybrid Kinetic Group Ltd.’s (HKG) American Compass Inc. subsidiary has purchased a controlling 54% stake in alternative propulsion systems specialist UQM Technologies Inc. for $48 million.
Mahle Readies Lean-Burn Racing Technology for Production Cars
6/29/2016Mahle GmbH says it is working to adapt its multi-port ignition system, which is used in Ferrari Formula One race cars, for production cars.
Investor Group Calls for Management Changes at Tesla
6/29/2016An investor group representing several pension funds has asked Tesla Motors Inc. to add two independent directors and separate the CEO and chairman roles currently held by founder Elon Musk.
VW Still Faces Possible U.S. Criminal Charges Over Diesel Cheating
6/29/2016Volkswagen AG’s $15.3 billion settlement resolves multiple civil fines and lawsuits over cheater diesels the company sold in the U.S. But the company still could face major criminal charges related to its wrongdoing.
UPDATE: Toyota Recalls 1.4 Million Autoliv Airbag Inflators
6/29/2016Toyota Motor Corp. is calling back more than 1.4 million cars worldwide that are equipped with faulty side curtain airbag inflators made by Autoliv Inc. that could cause the airbags to misfire and propel the inflator itself into the passenger compartment.
FEV to Expand Michigan Operations
6/28/2016Germany’s FEV GmbH is investing $27 million to build a new North American headquarters and technical center in Auburn Hills, Mich.
Takata Waffles Over Chairman’s Resignation Plans
6/28/2016Takata Corp. has retracted Chairman Shigehisa Takada’s promise to resign after the company finds a financial sponsor to steer it out of its airbag inflator crisis.
Report Questions Industry’s Ability to Meet 2025 CAFE Goals
6/28/2016The U.S. corporate average fuel economy target of 54.5 mpg for cars by 2025 will be far tougher to meet than regulators thought when they set them five years ago, according to a report by the Alliance of Automobile Manufacturers.