Mexican Media Brands
Moody’s Cut China Outlook to “Negative”
3/2/2016Moody’s Investors Service affirms its Aa3 debt rating for China but lowered its outlook for the country from “stable” to “negative.” The investment rating service also warns that a downgrade is possible if China fails to move faster on economic reforms.
Toyota Names Chief Competitive Officer
3/2/2016Toyota Motor Corp. has named Didier Leroy to the newly created position of chief competitive officer.
Tesla Offers Customers 500 Miles of Free Towing
3/2/2016Tesla Motors Inc. has extended its free towing service to 500 miles (800 km) when one of its electric cars has a warrantable repair issue within four years or 50,000 miles of purchase.
Report: Carmakers 1-3 Years Away from Cybersecurity
3/2/2016Vehicle makers say they need another 1-3 years to fully address issues about the cybersecurity of connected-car features, according to research by London-based International Data Corp. for U.S. security provider Veracode Inc.
FCA Splits with “Imported from Detroit” Ad Agency
3/2/2016Fiat Chrysler Automobiles NV and Portland, Ore.-based Wieden+Kennedy are splitting after a six-year collaboration that produced some of the U.S. auto industry’s most memorable ad campaigns, Advertising Age reports.
Study Shows Americans Fear Self-Driving Cars—for Now
3/2/2016Three out of four U.S. drivers are afraid to ride in a fully autonomous car and only 20% would trust a vehicle to drive itself, according to a new study conducted by AAA.
Subaru Readies Next-Generation Crosstrek Crossover
3/2/2016Subaru-maker Fuji Heavy Industries Ltd.’s new XV concept model previews the next-generation compact crossover (known as the Crosstrek in the U.S. and XV in other markets).
Marchionne Denies FCA Merger Talks
3/1/2016CEO Sergio Marchionne says Fiat Chrysler Automobiles NV is not in talks about a merger with PSA Peugeot Citroen or any other carmaker.
February Car Sales in U.S. Rise 7%
3/1/2016A 13% jump in demand for light trucks pushed passenger vehicle sales in the U.S. to 1.34 million units in February from 1.26 million a year ago, according to Autodata Corp.
Labor Strife Disrupts Renault Production in Turkey
3/1/2016Workers protesting worker firings at Renault SA’s factory in Bursa, Turkey, halted output on Monday.