Mexican Media Brands
Magna Sells EV Battery Business to Samsung
2/25/2015Magna International Inc. has sold its batterymaking operations to South Korea's Samsung SDI Co.
U.S. Highway Fatality Rate Drops to Historic Low
2/25/2015Last year America's highway fatality rate dropped to 1.18 deaths per 100 million miles driven, matching the lowest ratio on record, according to the National Safety Council.
Auto Sector Drives GKN Results
2/24/2015British engineering giant GKN plc says sales by its driveline unit, which account for 45% of the company's total revenue, grew 8% to 3.4 billion (€4.6 billion) in 2014.
Tata Mulls a Fancier Next-Generation Nano
2/24/2015Former Tata Motors Ltd. Chairman Ratan Tata says the company plans a better-equipped second-generation version of its slow-selling $2,800 Nano, Automotive News reports.
IG Metall Wins 3% Wage Hike
2/24/2015Germany's IG Metall union has accepted a 3.4% wage hike for its 800,000 members in southwestern Germany, home to Daimler and Porsche.
Faurecia Names New President for North America
2/24/2015Faurecia SA has named Mark Stidham to become president of its North American unit, effective March 1.
Buick Again Leads Domestic Brands on CR List
2/24/2015General Motors Co.'s Buick brand has again outscored all domestic rivals in Consumer Reports' annual Car Brand Report Cards.
Cooper-Standard’s Sales, Profits Slip in Fourth Quarter
2/24/2015Cooper-Standard Holdings Inc., parent of Cooper Standard Automotive, says revenue dipped 3% to $768 million in the fourth quarter of 2014, hurt by unfavorable exchange rates.
Kia Introduces 7-Speed Gearbox, 3-Cylinder Engine
2/24/2015Kia Motors Corp. is debuting its new 7-speed dual-clutch transmission with its sporty cee'd GT Line to be unveiled at the Geneva auto show in March.