Mexican Media Brands
Chrysler Pacifica Gets 22-mpg EPA Rating
3/9/2016Fiat Chrysler Automobiles NV says the all-new Chrysler Pacifica minivan has received an Environmental Protection Agency combined fuel efficiency rating of 22 mpg (28 mpg on the highway and 18 mpg in the city).
India Plans New Taxes on Cars
3/9/2016India intends to levy new taxes on cars to help curb pollution and congestion beginning April 1.
VW’s Labor Chief: U.S. Fines Could Prompt Global Job Cuts
3/9/2016Hefty fines against Volkswagen AG for rigging diesels to cheat U.S. emission standards would trigger thousands of job cuts worldwide, warns Bernd Osterloh, VW supervisory board member and chair of the company’s powerful works council.
GM Sets New Rules for Shareholder-Nominated Directors
3/9/2016A change to General Motors Co. bylaws enables its shareholders or groups of investors to directly nominate board members—if they have held at least 3% of GM’s shares for at least three years.
China’s Car Sales Grow 6% in January-February
3/9/2016Sales of passenger vehicles in China rose 6% to 3.7 million units in January-February, including a 4% drop to 1.4 million last month, according to the China Passenger Car Assn.
Justice Dept. Subpoenas VW Under Bank Fraud Law
3/8/2016The U.S. Dept. of Justice has issued a subpoena to Volkswagen AG under a U.S. law enacted 27 years ago to punish banking fraud, sources tell The Wall Street Journal.
Takata Hires Restructuring Experts
3/8/2016Japanese airbag supplier Takata Corp. has hired a New York City-based law firm with expertise in restructuring companies as it grapples with recalls of as many as 50 million cars worldwide to replace airbag inflators that might explode.
Toyota Wearable Device Aims to Aid the Blind
3/8/2016Toyota Motor Co. has developed a prototype wearable device to help visually impaired people navigate their surroundings more easily.
Study Forecasts 35% Annual Growth Rate for Automated Parking Features
3/8/2016Global sales of new cars equipped with autonomous parking technologies will grow 35% per year through 2026 with revenues increasing at an annual rate of nearly 30%, predicts ABI Research.
CSP, Mitsubishi May Team Up on Carbon Fiber Components
3/8/2016Auburn Hills, Mich.-based Continental Structural Plastics Inc. and Japan’s Mitsubishi Rayon Co. have signed a memorandum of understanding to work together on carbon fiber structural components for the automotive industry in North America.