Mexican Media Brands
Takata Ponders Massive Overhaul as Losses Grow
5/11/2016Takata Corp. says it has appointed a five-member team to develop a restructuring plan by August to sell non-core businesses and drastically overhaul its troubled airbag operations.
Toyota’s Fourth-Quarter Income Drops 4%
5/11/2016Slipping sales and a stronger yen caused Toyota Motor Corp.’s revenue and profits to slide in the fiscal fourth quarter ended March 31.
Hyperloop Company Gets Additional Funding
5/11/2016Los Angeles-based startup Hyperloop Technologies Inc. has changed its name to Hyperloop One and raised an additional $80 million in financing.
Ford Patents Drone System for Autonomous Vehicles
5/11/2016Ford Motor Co. has received a patent for a drone deployment system that could be used to help map upcoming terrain or deliver packages to and from a vehicle.
Subaru “Boxer” Engine Turns 50
5/11/2016This week Subaru-maker Fuji Heavy Industries Ltd. celebrates the 50th anniversary of the launch of its first vehicle equipped with a “boxer” type engine with horizontally opposed pistons.
GKN Launches Propshaft Production at New Mexican Facility
5/11/2016GKN plc’s driveline operations has opened a plant in Villagran, Mexico, to build its next-generation XLi propshaft.
Tesla Still Finalizing Model 3 Design, Supply Chain
5/11/2016Tesla Motors Inc. hasn’t yet finalized the design of its Model 3 electric sedan or vetted the car’s network of suppliers, according to the company’s quarterly financial report.
No Oil Production Cuts Ahead for Saudi Arabia
5/11/2016Saudi Arabia’s oil production this year will surpass last year’s output, even though a global glut of petroleum continues to depress prices for crude, says Amin Nasser, CEO of the state-owned Saudi Aramco oil company.
U.S.: Airbags Will Be Fixed With or Without Takata
5/10/2016U.S. Transportation Secretary Anthony Foxx reiterates that efforts to replace potentially dangerous Takata Corp. airbag inflators will be accomplished regardless of whether the supplier survives.
Nissan Appoints Its First Sustainability Leader
5/10/2016Nissan Motor Co. has named Hitoshi Kawaguchi to the new position of chief sustainability officer.