Mexican Media Brands
Piech: I’m Not Trying to Remove Volkswagen CEO Winterkorn
4/23/2015Volkswagen AG Chairman Ferdinand Piech tells Bild, "I am not pushing the dismissal of [CEO] Martin Winterkorn." Earlier media reports said Piech remains intent on removing Winterkorn before VW's shareholder meeting on May 5.
Report: BMW Plans 5 Series Addition to Hybrid Lineup
4/23/2015BMW AG will introduce a plug-in hybrid variant of its 5 Series sedan in 2018, according toAutoBild.
Goodyear Reportedly Plans Tire Plant in Mexico
4/23/2015Goodyear Tire & Rubber Co. plans to open a tire plant in Mexico in 2017, a source tells Reuters.
North American Results Boost GM Earnings
4/23/2015General Motors Co. boosted net earnings to $945 million in the first quarter of 2015 from $213 million in the same period last year.
China Fines Mercedes for Price Gouging
4/23/2015China has fined Daimler AG a record-high 350 million yuan (€T53 million) for overcharging customers for its vehicles, repair parts and maintenance, the Financial Times reports.
PSA, IBM Expand Work on Vehicle Connectivity
4/23/2015PSA Peugeot Citroen and IBM have launched a seven-year partnership to develop connected-car services beyond navigation and infotainment.
TRW Sells Suspension Parts Unit to Japan’s THK
4/23/2015TRW Automotive Inc. has agreed to sell its linkage and suspension components business to Tokyo-based THK Co. for $400 million.
Suzuki Recalls a Record 2 Million Vehicles
4/23/2015A smoking ignition switch has prompted Suzuki Motor Corp. to expand an earlier recall of cars equipped with ignition switches that may overheat and smoke, Reuters reports.
GM Recalls Minivans in Korea
4/22/2015General Motors Co. is recalling 9,300 of its locally produced Chevrolet Orlando LPG minivans in South Korea to fix an electronic engine control module flaw that could cause the engine to stall, The Korea Herald reports.
Volvo Truck Accelerates Expansion in India
4/22/2015AB Volvo tells the Economic Times it will spend roughly $100 million over the next five years twice the pace of the last decade to expand its commercial truck operations in India.