Mexican Media Brands
Hyundai’s First-Quarter Profits Drop 11%
4/26/2016Slower sales in China and emerging markets caused Hyundai Motor Co.’s net profit to fall to 1.8 trillion won ($1.5 billion) in the first three months of 2016 from 2.0 trillion won a year earlier.
Tenneco’s Net Income Jumps 24%
4/26/2016Tenneco Inc. reports its adjusted net income climbed to a record $67 million in the first quarter from $49 million in the same period last year.
VW Group Outsells Toyota in First Quarter
4/26/2016Volkswagen AG narrowly outsold Toyota Motor Corp. in January-March to become the world’s biggest carmaker.
Ford Invests $1.4 Billion to Make 10-Speed Truck Transmissions
4/26/2016Ford Motor Co. says it is spending $1.4 billion to prepare its transmission plant in Livonia, Mich., to make 10-speed automatic gearboxes for select F-Series fullsize pickup trucks.
FCA’s Pretax Earnings Double
4/26/2016Fiat Chrysler Automotive NV reports its adjusted earnings before interest and taxes zoomed to €1.4 billion ($1.5 billion) in the first quarter from €700 million January-March 2015.
Mitsubishi Falsified Fuel Economy Data for 25 Years
4/26/2016Mitsubishi Motors Corp. says its internal investigation shows the company evaded Japan’s fuel economy certification procedures and has falsified test data for its cars since 1991.
Former Top Gear Hosts to Launch “DriveTribe” Web Site
4/26/2016The former co-hosts of the BBC’s Top Gear auto enthusiast television program—Jeremy Clarkson, Richard Hammond and James May—are teaming up on a new web platform that promises to be a “community-driven motoring” site.
Industry Partners Form Advocacy Group for Self-Driving Cars
4/26/2016Five companies, each one developing its own autonomous vehicle system, have formed a coalition to promote the technology and urge U.S. regulators to establish federal guidelines for it.
New Geely Brand on Fast Track to Europe?
4/26/2016The new sub-brand Zhejiang Geely Holding Group Co. plans to launch in China within the next year will be introduced in Europe at about the same time, Autocar reports.
Acura Launches Compact Crossover for China
4/26/2016Honda Motor Co.’s upscale Acura arm introduced the new CDX compact crossover this week at the Beijing auto show. Designed primarily for China, the new model will be built at Honda’s Guangzhou facility—a first for Acura.