Mexican Media Brands
VW Plans $1 Billion Expansion in Mexico
3/9/2015Volkswagen AG will invest about $1 billion to prepare its factory complex in Puebla, Mexico, to make a three-row version of its Tiguan crossover vehicle beginning late next year.
UPDATE: GM to Buy Back $5 Billion in Stock
3/9/2015General Motors Co. says it intends to maintain a $20 billion cash reserve to maintain its investment-grade status but will return all additional cash to shareholders.
Toyota Tracking 13,000 Suppliers in Japan
3/9/2015Toyota Motor Corp. is monitoring parts production at 13,000 suppliers in Japan in an effort to help it respond quickly to natural disasters, The Nikkei reports.
Tesla Cuts Staff in China
3/9/2015Electric-carmaker Tesla Motors Inc. confirms it is reducing its workforce in China as it restructures to "better respond" to the local market.
Jaguar May Build EV in Austria
3/9/2015Jaguar Land Rover Ltd. plans to establish a factory in Austria to make as many as 10,000 electric Jaguar cars per year beginning in 2016, according to The Sunday Times.
China Posts Record High Trade Surplus
3/9/2015China's trade surplus in February climbed to a record $60.6 billion, according to the country's General Administration of Customs.
VW to Drop 3-Door Polo, Beetle?
3/9/2015Volkswagen AG appears likely to drop the three-door version of its popular VW Polo minicar when the vehicle is redesigned in 2017, according to media reports in Europe.
Audi Plans Diesel, Gasoline Plug-in Versions of Q7 Crossover
3/9/2015Audi AG will offer two plug-in hybrid options for its Q7 large crossover: a diesel-electric for Europe next year and, according to Automotive News Europe, a gasoline-electric due later for China and the U.S.
JLR: No Decision on U.S. Plant for at Least 3 Years
3/9/2015Jaguar Land Rover Ltd. believes it needs an assembly plant in the U.S. to stay competitive, Automotive News reports.
Nissan Expands Hood Latch Recall
3/8/2015Nissan Motor Corp. is broadening a recall of its Altima sedans in the U.S. and Canada from 238,000 units to more than 878,000 to fix a secondary hood latch that may not work.