Mexican Media Brands
MMC Takes $173 Million Charge for Fuel Economy Scandal
5/25/2016Mitsubishi Motors Corp. has restated its financial results for the fiscal year ended March 31 to include a special charge of 19.1 billion yen ($173 million) for costs associated with its illegal rigging of fuel economy ratings for at least 625,000 minicars in Japan.
Hyperloop Touts Superhero-like "Vibranium" Material
5/25/2016Los Angeles-based Hyperloop Transportation Technologies Inc. says it has created a new high-strength “smart” carbon-fiber composite for use in the high-speed transportation pod it’s developing.
3D-Printed Electric Motorcycle Takes Shape
5/25/2016Aerospace-giant Airbus Group’s APWorks GmbH subsidiary is launching a 3D-printed electric motorcycle, which it claims is an industry first.
Ford Recalls 271,000 F-150 Pickup Trucks
5/25/2016Ford Motor Co. says it will recall 270,900 of its F-150 fullsize pickup trucks in North America to replace leaky brake master cylinders.
Toyota to Open Second Assembly Plant in Malaysia
5/25/2016Toyota Motor Corp. says its second assembly plant in Malaysia will have annual capacity to make about 50,000 vehicles per year when it opens in Selangor in early 2019.
Magna Plans U.K. Aluminum Casting Plant
5/25/2016Magna International Inc.’s Cosma International arm plans to build an aluminum casting facility in Telford, England, to support Jaguar Land Rover’s U.K. manufacturing operations.
Europe’s Truck Sales Climbed 15% in April
5/25/2016Deliveries of commercial trucks and buses across Europe rose to 202,300 units last month from 176,800 in April 2015, according to industry group ACEA.
UPDATE: France Ponders Possible Sale of PSA Stake
5/25/2016The French state is reviewing its holdings and could decide to sell all or part of its 14% stake in PSA Group, a government source tells Les Echos.
Cosworth to Open V-8 Cylinder Head Plant Outside Detroit
5/25/2016British racing engine maker Cosworth says it will construct a $30 million factory 20 miles north of Detroit to make high-performance cylinder heads for V-8 engines.
NGK Names New CEO for U.S. Spark Plug Unit
5/25/2016Japan’s NGK Spark Plug Co. has named Yoshitaka Narita as president and CEO of its U.S. operations.