Mexican Media Brands
China Probes Suspension Defect in VW Sagitar
8/15/2014China has launched an investigation into more than 200 owner complaints about broken rear suspension control arms on the Sagitar sedan built locally by Volkswagen AG's venture with FAW Group Corp.
Report: ZF Bid for TRW Stuck on Talks to End Bosch Venture
8/15/2014ZF Friedrichshafen AG's efforts to extract itself from an existing venture with Robert Bosch GmbH are slowing its plan to acquire TRW Automotive Holdings Corp., according to Bloomberg News.
More Woes for Saab Brand Owner
8/15/2014National Electric Vehicle Sweden AB, the China-backed company seeking to relaunch the Saab car brand, tells The Wall Street Journal it has run out of money to pay its suppliers.
Ford Headquarters Will Add 30-Car Solar EV Charging Station
8/15/2014Ford Motor Co. and Detroit-based DTE Energy Co. will begin construction next month of a 68,000-sq-ft solar array at the carmaker's world headquarters in Dearborn, Mich.
U.S. to Sell More Shares in Ally Financial
8/14/2014The U.S. Dept. of the Treasury says it will continue to reduce its 16% stake in Ally Financial Inc., but it provided no details about the amount or timing of a new sale.
GM Announces $2.9 Billion Investment in Brazil
8/14/2014General Motors Co. says it will invest 6.5 billion reais ($2.9 billion) to strengthen operations related to its Chevrolet brand in the country through 2018.
Report: China to Fine Audi €30 Million for Price Gouging
8/14/2014China's National Development and Reform Commission intends to fine Audi AG 250 million yuan (€30 million) for violating the country's anti-monopoly laws, according to the 21st Century Business Herald.
Mazda to Develop Diesel Hybrid
8/14/2014Mazda Motor Corp. is expected to introduce a diesel hybrid car in Japan and Europe as early as April 2016, according to The Yomiuri Shimbun.
Volkswagen Sales Climb 4% in July
8/14/2014Volkswagen Group says global sales of its VW brand passenger vehicles climbed to 491,600 units last month from 472,800 in July 2013.
JLR Recalls Land Rovers for Faulty Airbags
8/14/2014Jaguar Land Rover is recalling 40,600 SUVs in the U.S. to update a faulty control module that could disable the front passenger's airbag.