Mexican Media Brands
Infiniti Names Renault’s Bancon to Guide Strategy
3/27/2014Nissan Motor Co. has appointed Francois Bancon, its current head of advanced product planning, to oversee product strategy for its Infiniti luxury brand.
VW Installs New Manager at Chattanooga Plant
3/27/2014Volkswagen AG has named Christian Koch to head operations at its factory in Chattanooga, Tenn., effective April 1.
Ally Financial Launches $3 Billion IPO
3/27/2014Ally Financial Inc. aims to raise as much as $3 billion in an initial public offering that will help the U.S. government reduce its stake in the financial company.The IPO will offer 95 million shares, currently held by the U.S.
Commercial Truck Sales Jump 13%
3/27/2014Registrations of commercial trucks and buses across Europe climbed to 130,600 units in February from 115,500 a year earlier, industry group ACEA reports.
Nippon Steel to Ship Crankshafts from India to U.S., ASEAN
3/27/2014In April Nippon Steel & Sumitomo Metal Corp. expects to begin shipping some 300,000 crankshafts annually to the U.S. from a factory in India, The Nikkei reports.
Chicago Developers Tout Luxury Two-Seat Hovercraft
3/27/2014Mercier-Jones, a one-year-old startup in Chicago, says it will begin deliveries this summer of its $75,000 Supercraft luxury hovercraft.
Moody’s Issues "Stable" Outlook for Europe’s Auto Supply Base
3/27/2014Moody's Investors Service has issued a "stable" outlook over the next 12-18 months for Europe's auto suppliers, citing reviving sales in the region.
PSA, Dongfeng Finalize Equity Deal
3/27/2014On Wednesday PSA Peugeot Citroen and Dongfeng Motor Group finalized the framework agreement to sell Dongfeng and the French government equal 14% stakes in the French carmaker.
Speed Blamed for Crash that Killed “Fast & Furious” Star Paul Walker
3/27/2014Los Angeles police say excessive speed, not a mechanical failure, caused the fiery crash that killed Paul Walker, star of the Fast & Furious movie series, last November.
New GM Ignition Switch Risk: Aftermarket Sales
3/27/2014Auto parts sellers say it's still possible to buy potentially defective General Motors Co. ignition switches in the aftermarket because the defective and upgraded switches have the same part number, Reuters reports.