Mexican Media Brands
Hyundai’s Quarterly Profits Fall Again
1/26/2016Hyundai Motor Co. reports its revenue in October-December rose 5% to 24.8 trillion won ($20.1 billion). But net profit for the period slipped 2% to 1.6 trillion won ($1.4 billion).
Harman Opens New N. America Headquarters
1/26/2016Vehicle audio systems supplier Harman international Industries Inc. has officially opened a new North American headquarters in Novi, Mich.
Judge Urged to Replace Lead Attorneys in GM Ignition Switch Trials
1/26/2016The trio of lawyers leading a team that represents dozens of victims of faulty General Motors Co. ignition switches bungled the first case and should be replaced, declares a rival lawyer on the team.
China to Phase Out Subsidies for New-Energy Vehicles
1/26/2016China’s finance minister says the country will phase out government incentives for electric and other new-energy vehicles after 2020 but increase spending on grants and infrastructure improvements.
Labor Chief Calls VW Productivity Target “Unrealistic”
1/25/2016Volkswagen Group’s hope of hiking the productivity of its namesake brand 10% is “unrealistic,” declares Bernd Osterloh, the supervisory board member who heads the company’s works council.
Renault-Nissan Aims for Greater Synergies
1/25/2016Renault-Nissan Alliance CEO Carlos Ghosn says the two companies are looking at new ways to collaborate that could reduce costs by €4.3 billion ($4.7 billion) this year—about €500 million more than it targeted two years ago.
VW’s Mueller Calls for Revised Emission Testing in Europe
1/25/2016Volkswagen AG CEO Matthias Mueller has joined other carmakers in suggesting Europe redesign its emission test procedures to narrow the gap between lab results and over-the-road measurements.
Competition Heats Up for Over-the-Air Software Updates
1/25/2016The competition for so-called over-the-air (OTA) software updates is increasing among carmakers, suppliers and technologies almost as fast as such updates can be made.
UPDATE: JCI Buys Tyco International, Moves HQ to Ireland
1/25/2016Johnson Controls Inc. confirms it has entered into a definitive merger agreement with fire protection and security systems provider Tyco International plc.
ITW Will Buy ZF TRW’s Fasteners Business
1/25/2016ZF Friedrichshafen AG’s TRW unit has agreed to sell its Engineered Fasteners and Components business to Illinois Tool Works Inc. for about $450 million.