Mexican Media Brands
JLR Boosts Tata’s Earnings
8/11/2014Tata Motors Ltd. tripled its net profit in April-June to 54 billion rupees ($882 million) as revenue surged 36% to 648 billion rupees ($10.6 billion).
Lexus Plans Successor to LFA Supercar
8/11/2014Toyota Motor Corp.'s Lexus brand says it has received approval to develop a successor to its 552-hp LFA supercar, eventually.
FBI Collects Company E-Mails from Fired Ford Engineer
8/11/2014Ford Motor Co. has turned over to the FBI the business e-mail account of fired engineer Sharon Leach, who admits hiding eight listening devices in Ford conference rooms, The Detroit News reports.
UPDATE: GM Recall Total Tops 29 Million Units
8/11/2014General Motors Co. is recalling 312,300 cars and crossovers in five global campaigns to repair a variety of defects ranging from malfunctioning ignition switches and loose suspension parts to faulty seatbelts and storage lids.
Delphi Defends U.K. Tax Base
8/11/2014Delphi Automotive plc says it will "vigorously" defend its British tax base against claims by the Internal Revenue Service that the company must file taxes in the U.S. as a domestic company.
Honda, Toyota Cut Prices as China Antitrust Probe Tightens
8/11/2014Honda Motor Co. and Toyota Motor Corp. have joined several foreign carmakers in announcing price cuts on repair parts sold in China.
Bank Rejects Ecclestone Settlement
8/11/2014Germany's BayrnLB bank has rejected a €25 million settlement from Formula One czar Bernie Ecclestone, BBC News reports.
Report: Unions Force VW to Dump Cost-Cutting Consultants
8/11/2014Union leaders have forced Volkswagen AG to dismiss McKinsey & Co., the consultants hired to help it cut costs for the VW brand €5 billion by 2018, Reuters reports.
Europe’s Luxury Brand Gain Ground in Korea
8/11/2014Foreign brands led by Audi, BMW and Mercedes-Benz have boosted their share of South Korea's stagnant car market from 0.4% in 2000 to 12% last year, Automotive News Europe reports.
GM Loses Bid to Dismiss Revived Ignition Switch Lawsuit
8/11/2014A state judge in Georgia has rejected General Motors Co.'s attempt to halt the reopening of a lawsuit that helped trigger the company's recall of 2.6 million cars with defective ignition switches.