Mexican Media Brands
Ford Expects $1.5 Billion Gain on Pension Accounting Change
1/7/2016Ford Motor Co. says its pretax earnings for 2015 will gain about $1.5 billion because of a change to “market-to-market” accounting methods for pensions and other post-retirement benefits.
New Volvo Sedan to Get Standard Semi-Autonomous Technology
1/7/2016Volvo Car Corp. is making its second-generation Pilot Assist “semi-autonomous” technology standard on the all-new S90 flagship sedan this year in the U.S.
Chevy Cruze Hatch Headed to the U.S.
1/7/2016General Motors Co. will add a 5-door hatchback version of its next-generation Cruze small to its 2017-model lineup in the U.S.
Audi Says 25% of Its U.S. Sales Will Be EVs by 2026
1/7/2016Audi AG says it is adopting a “lasting and sustainable” strategic shift in its product mix that will electrify one in four vehicles it sells in the U.S. by 2026.
GM Rules Out Wireless Software Updates for Safety Systems
1/7/2016Like other carmakers, General Motors Co. plans to expand the ability of its new cars to wirelessly add or update infotainment-related software features.
VW to Buy Back 115,000 Diesel Cars in U.S.?
1/7/2016Volkswagen AG assumes it will be forced to buy back 115,000 diesel-powered cars it sold in the U.S. or offer their owners hefty discounts on new vehicles, according to today’s Sueddeutsche newspaper, which cites no sources.
Mitsubishi Motors Will Close U.S. Plant in May
1/7/2016Mitsubishi Motors Corp. will completely close its assembly plant in Normal, Ill., in May, The Nikkei reports.
Oil Prices Sink to New 11-Year Low
1/7/2016Oil prices have dropped below $35 per barrel, their lowest level since mid-2004.
Mueller Says VW Overhaul Could Take 3 Years
1/7/2016Volkswagen Group’s effort to overcome its diesel scandals, overhaul its bureaucratic culture and update its brand strategies will “certainly” take 2-3 years, says CEO Matthias Mueller.
Murtaugh to Resign as CEO of Qoros Automotive
1/6/2016Phil Murtaugh, 60, is resigning for personal reasons as CEO of China’s Qoros Automotive Co. at the end of January, only 11 months after taking the job, the company says.