Mexican Media Brands
PSA Moving C3 Production to Slovakia?
5/22/2014PSA Peugeot Citroen will shift production of its Citroen C3 small sedan from Poissy, France, to Trnava, Slovakia, when the next-generation model launches, according to Reuters.
Toyota Recalls 466,000 Cars and Minivans in U.S.
5/22/2014Toyota Motor Corp. is launching two recalls to fix a brake defect and replace an under-vehicle spare tire device that could fail.
U.S. Dealership Employment Tops 1 Million
5/22/2014The number of people employed at car dealerships in the U.S. grew 3% to 1 million last year, reports the National Automobile Dealers Assn.
Chrysler Ready to End Two-Tier Wages
5/22/2014Fiat Chrysler Automobiles CEO Sergio Marchionne says he wants to end the company's two-tier wage system for U.S. hourly workers, Bloomberg News reports.
PSA Completes New-Shares Sale
5/22/2014PSA Peugeot Citroen has successfully raised just under €2 billion by selling 289 million new shares to investors as part of a €3 billion capital increase.
Daimler May Sell 36 Domestic Dealerships
5/22/2014Daimler AG is pondering a plan that would sell off 36 of its company-owned car dealerships in Germany, according to the company's works council.
Marchionne: Don’t Buy Our Electric 500 Minicar!
5/21/2014Fiat Chrysler Automobiles CEO Sergio Marchionne grouses that the company loses $14,000 on every electrified Fiat 500 minicar it sells, Reuters reports.
Fuji Heavy to Launch Subaru SUV Production in Malaysia
5/21/2014Fuji Heavy Industries Ltd. will begin assembling Subaru Forester SUVs in Malaysia by early 2016, according to The Nikkei.
Fiat Plans Big Factory Expansion in Poland
5/21/2014CEO Carlos Tavares tells a French government committee that PSA Peugeot Citroen is "rebuilding" its electric car strategy, including a review of its EV supply arrangement with Mitsubishi Motors Corp.
Brembo Expands U.S. Production Capacity
5/21/2014Plymouth, Mich.-based Brembo North America has opened a $115 million expansion of its manufacturing facility in Homer, Mich.