Mexican Media Brands
Volvo Truck Earnings Rise 9%
7/18/2014Volvo AB reports its earnings before interest and taxes advanced to 3.6 billion kronor (€385 million) in April-June from 3.3 billion kronor (€357 million) in the same period last year.
Union Offers Two-Year Deal to End South African Strike
7/18/2014The National Union of Metalworkers of South Africa is offering a two-year deal to end strikes that have idled the country's auto industry.
ZF May Raise Bid for TRW
7/18/2014Chassis and powertrain systems supplier ZF Friedrichshafen AG may raise its bid to buy TRW Automotive Holdings Corp., the American maker of automotive safety systems, Bloomberg News reports.
Oil Prices Surpass $103 Per Barrel
7/18/2014Worries about new tensions in Gaza and Ukraine, coupled with a downturn in U.S. oil supplies, triggered a 2% increase in oil futures on Thursday.
VW Ponders Engine Production in India
7/18/2014Volkswagen AG says it is considering a plan to make engines in Maharashtra, India, near its vehicle plant in Chakan.
Nader to GM: Create an Ombudsman Office
7/17/2014Safety advocate Ralph Nader suggests General Motors Co. set up an independent ombudsman office to accept confidential assertions by GM employees about unresolved product safety problems.
Senator Lambasts “Stunning” Failure of GM Legal Staff
7/17/2014A Senate subcommittee probing General Motors Co.'s belated ignition switch recall suggests the company fire its top attorney for failing to alert the GM board to possible punitive damages arising from crashes caused by a defective ignition switch.
Chrysler Steps Up Pace of Jeep Fuel Tank Shielding Program
7/17/2014Chrysler Group LLC says it should be able to complete modifications to 1.6 million Jeeps to fortify their fuel tanks by next March, roughly three years earlier than its previous estimate.
Fiat, VW Deny Merger Report
7/17/2014Fiat SpA and Volkswagen AG have denied a report by Germany's Manager Magazin that the two companies are discussing a possible merger.
GM Has Replaced 20% of Flawed Ignition Switches
7/17/2014General Motors Co. says its dealers have replaced more than 491,000 defective ignition switches whose design has been linked to 13 fatalities.