Mexican Media Brands
Jaguar to Race in Formula E Series
12/15/2015Jaguar Land Rover Ltd. says it will compete in the Formula E electric race car series when the third season starts next September.
Korea Targets Dramatic Jump in Sales of Fuel Cell Cars by 2030
12/15/2015South Korea’s government is preparing a plan that would multiply the number fuel cell-powered cars on its roads from 50 today to 9,000 in 2020 and 630,000 by 2030.
Germany Plans to Check “Fixed” Cheater Diesels
12/15/2015German transport authorities plan to conduct a follow-up round of emission tests on 4-cylinder diesels that have been updated by Volkswagen AG to meet regulatory standards, Die Welt reports.
European Parliament Panel Rejects Weakened Emission Limits
12/15/2015The European Parliament’s environmental committee has rejected an effort by EU members to weaken rules designed to bring vehicle on-road emissions into closer alignment with lab test ratings.
GM’s Quality Chief Will Retire at Year-End
12/15/2015Grace Lieblein, General Motors Co.’s vice president of global quality, is retiring at the end of the month.
Hyundai-Kia Settles with Paice Over Hybrid Patents
12/14/2015Hyundai Motor Co. and its Kia Motors Corp. affiliate have agree to pay royalties to Baltimore, Md.-based Paice Ltd., for their use of Paice patents relating to powertrain controls for hybrid vehicles.
Plastic Omnium Agrees to Buy Faurecia’s Exterior Systems Business
12/14/2015Plastic Omnium Group has signed a memorandum of understanding to acquire Faurecia SA’s vehicle bumper and front-end module business for €665 million ($734 million). The companies expect to complete the transaction sometime in 2016.
Nevada Targets $335 Million Deal to Lure EV Factory
12/14/2015The state of Nevada plans to offer $335 million in tax incentives and infrastructure improvements to attract a $1 billion electric-car factory planned by secretive California-based startup Faraday Future Inc.
Detroit Aims to Open Supplier Park in the City
12/14/2015Detroit has amassed 147 acres inside the city limits for an industrial park it hopes to open within the next two years.
Mahindra Agrees to Acquire Pininfarina
12/14/2015Mahindra & Mahindra Ltd. has finalized an agreement to buy the iconic Italian design house Pininfarina SpA in a deal worth €168 million ($185 million). The companies expect to complete the sale in the first half of 2016.