Mexican Media Brands
Car Sales Continue to Climb in U.K.
6/6/2014New-car deliveries in the U.K. grew nearly 8% to 194,000 vehicles in May, the Society of Motor Manufacturers and Traders reports.
ECB Tests Negative Interest Rate
6/6/2014The European Central Bank has lowered its deposit rate for banks to a range of 0% to -0.1% in an effort to stimulate the eurozone's fragile economy.
Mazda Launches Push for Next-Generation Green Powertrains
6/5/2014Mazda Motor Corp. plans to spend 300 billion yen ($2.9 billion) over the next three fiscal years to leverage its SkyActiv fuel-efficient engine technologies.
China’s Qoros Targets Europe for 10% of Sales
6/5/2014Qoros Auto Co. Ltd. says it hopes to generate at least 10% of its sales in Europe before the end of the decade.
Court Nears Ruling on Failed Suzuki-VW Partnership
6/5/2014An international arbitration court is expected by year-end to resolve a dispute between Suzuki Motor Co. and Volkswagen AG over their failed alliance, Reuters reports.
Chrysler Recalls SUVs for Faulty Cruise Control
6/5/2014Chrysler Group plans to recall 10,700 SUVs to fix a flaw that could cause them to accelerate briefly after the cruise control system is engaged.
U.S. Indicts Takata Executive for Price Fixing
6/5/2014A federal grand jury in Detroit has indicted former Takata Corp. executive Gikou Nakajima for participating in a conspiracy to fix prices of seatbelt systems supplied in the U.S. and elsewhere to Fuji Heavy Industries, Honda, Mazda, Nissan and Toyota.
GM to Unveil Recall Compensation Plan in August
6/5/2014General Motors Co. expects to launch a program on August 1 to compensate families who have suffered injuries or fatalities caused by a defective ignition switch in 2.6 million of the company's cars.
GM Recall Probe Finds “Pattern of Incompetence and Neglect”
6/5/2014General Motors Co.'s long-awaited analysis of its decade-long delay in recalling cars linked to 13 fatalities finds a deep and fundamental failure to meet the basic needs of customers, says CEO Mary Barra.
AvtoVAZ Job Cuts Rise to 8,500
6/5/2014Lada-maker OAO AvtoVAZ hopes to match last year's production level at its factory in Tolyatti, Russia, in spite of firing 8,500 workers because of slow sales, The Moscow Times reports.