Mexican Media Brands
China Fines NSK, NTN for Violating Anti-Monopoly Rules
8/19/2014China's National Development and Reform Commission has levied fines of 2.9 billion yen ($28 million) against NSK Ltd. and 1.9 billion yen ($18 million) against NTN Corp. for overcharging customers for its automotive bearings.
Magna Looks for Big Acquisitions
8/19/2014Canada's Magna International Inc., which hasn't made an acquisition worth more than $500 million in a decade, says it would now consider deals costing as much as $4 billion, Bloomberg News reports.
Coming: A Right-Hand Drive Mustang
8/19/2014Mustang sales outside North America are limited due to the lack of a right-hand drive version.
Court Says Porsche Can’t Be Sued by U.S. Investors
8/19/2014An appellate court in New York City has ruled that Porsche Automobil Holding SE cannot be sued in the U.S. by hedge funds that claim the holding company misled them in 2008 about its effort to take control of Volkswagen AG.
Chrysler Names Alfa Romeo Brand Chief for N. America
8/19/2014Chrysler Group LLC has named Reid Bigland to orchestrate the return of Fiat SpA's Alfa Romeo brand to North America.
UAW Edges Toward Recognition at VW Plant
8/19/2014The United Auto Workers union claims the local it created five weeks ago for employees at Volkswagen AG's assembly plant in Chattanooga, Tenn., has already signed up at least 670 of the facility's 1,500 hourly workers, Reuters reports.
GM Letters Urge 1.9 Million Customers to Get Ignition Switches Fixed
8/19/2014General Motors Co. has mailed letters to nearly 1.9 million owners of cars with faulty ignition switches urging them to complete the needed repairs, The Detroit News reports.
New Sanctions Could Trigger Russian Ban on Imported Cars
8/19/2014Russia may revisit a proposal to ban imported cars if nations in the West impose new economic sanctions on the country, says business daily Vedomosti.
Study: EV Makers Should Target a Range Below 100 Miles
8/19/2014Until battery prices drop below $100 per kilowatt-hour, electric vehicle buyers would be wise to shop for models with a range of less than 100 miles, counsels an analysis in Transportation Science.
Sold for $38.1 Million!
8/19/2014A 1962 Ferrari 250 GTO Berlinetta was auctioned off last weekend in California by Bonhams for a record $38.1 million.