Mexican Media Brands
Ex-Hyundai Exec Krafcik Joins TrueCar Board
4/4/2014John Krafcik, who left as CEO of Hyundai Motor America in December, has joined the board of TrueCar Inc., a California-based online car-buying service.
Canada’s Unifor Union Delays Vote At Toyota Plants
4/4/2014Unifor, Canada's biggest private-sector union, says it will delay next week's unionization vote at three Toyota Motor Corp. plants in Ontario, Reuters reports.
Europe Launches New Hydrogen Car Demo
4/4/2014Carmakers and hydrogen suppliers are launching a 31 million (€38 million) plan to put 110 fuel cell-powered vehicles into demonstration fleets across Europe.
Autoliv’s Chairman Quits
4/4/2014Lars Nyberg has resigned as chairman of airbag supplier Autoliv Inc., effective immediately.
ECB Holds Interest Rate at 0.25%
4/3/2014The European Central Bank has left its record-low benchmark interest rate unchanged at 0.25%, where it has been since November 2013.
GM Hires a Crisis Communications Advisor
4/3/2014General Motors Co. has retained Jeff Eller former director of media affairs for the White House during the Clinton administration to help manage its response to the company's delayed recall of some 2.6 million defective ignition switches linked to 13 deaths.
TRW Launches Production of Headliner-Mounted Airbag
4/3/2014TRW Automotive Holdings Corp. has begun supplying a front passenger airbag system that mounts in the headliner above the windshield rather than in the instrument panel.
Beijing Automotive Expands Brand Quest to U.S.
4/3/2014Beijing Automotive Group Co., which announced last year it would like to acquire a mid- to high-end European auto brand, now says it's looking in the U.S. too.
IMF Warns of Sub-Par Growth
4/3/2014The world economy is so weak it risks getting stuck in a "low-growth trap" for years, says International Monetary Fund Managing Director Christine Lagarde.
DOE Touts Low-Rate Financing for Suppliers
4/3/2014The U.S. Dept. of Energy is again telling auto suppliers it has $16 billion in low-rate loans to grant for programs to develop or produce "green" vehicles.