Mexican Media Brands
Toyota Kills Youth-Oriented Scion Brand
2/3/2016Toyota Motor Corp. is scrapping its 13-year-old Scion sub-brand in August. Existing Scion models, including the new C-HR subcompact crossover, will merge with the Toyota brand for the 2017 model year.
Giugiaros Launch New Design Studio
2/3/2016Legendary designer Giorgetto Giugiaro and his son Fabrizio have formed a new company called GFG Design (Giorgetto-Fabrizio-Giugiaro) and are working on three new projects for two different carmakers.
GM’s 4Q Profits Zoom to $6.3 Billion
2/3/2016General Motors Co. reports its revenue in the fourth quarter last year was flat at $39.6 billion. But net income surged to $6.3 billion.
GM to Pull the Plug on Caddy ELR Hybrid
2/3/2016General Motors Co. confirms reports that it will end production of the Cadillac ELR plug-in hybrid coupe after the first-generation of the car has completed its run—possibly after the 2016-model year.
Toyota Credit Settles U.S. Discrimination Charges
2/3/2016Toyota Motor Credit Corp. has agreed to pay as much as $22 million to settle allegations by the U.S.
VW Submits Plan to Fix V-6 Diesels in U.S.
2/3/2016Volkswagen AG and its Audi unit have submitted a plan to California and federal regulators to fix 85,000 diesel-powered vehicles in the U.S. equipped to evade nitrogen oxides emission standards.
Toyota Recalling 320,400 Vehicles with Airbags That Could Misfire
2/3/2016Toyota Motor Corp. is preparing a recall of 320,400 trucks and SUVs in the U.S. to replace side curtain airbag systems that could deploy when they shouldn’t.
Mazda Plans Recalls for Fuel Leak, Takata Airbag Inflators
2/3/2016Mazda Motor Corp. will call back 264,500 of its 2014-2016 model CX-5 midsize crossover vehicles in the U.S. to replace a fuel filler pipe that could break and leak if the vehicle is struck from behind.
U.S. Car Sales Volume Stalls
2/2/2016Carmakers delivered nearly 1.15 million vehicles last month, about 3,100 units short of their combined volume in January 2015, according to Autodata Corp.
Key Safety Systems Sold to Chinese Conglomerate
2/2/2016Airbag and seatbelt supplier Key Safety Systems Inc. has agreed to be acquired by China’s Ningbo Joyson Electronic Corp. in a $920 million deal expected to close by June.