Mexican Media Brands
Bankruptcy Ruling Blocks GM Ignition Switch Recall Lawsuits
3/19/2014A bankruptcy court order five years ago bars plaintiffs' attorneys from suing General Motors Co. over its recall of 1.6 million cars to fix an ignition switch defect the company knew about 13 years ago, Bloomberg News reports.
EV Battery Maker Predicts Supply Shortage
3/19/2014The current overcapacity to make batteries for hybrids and electric cars will swing to a shortage within three years as costs fall and demand grows, predicts LG Chem Ltd.
EU Fines Six Bearing Suppliers for Price Fixing
3/19/2014The EU has levied a combined €953 million against five auto suppliers for conspiring to rig prices on bearings sold to automotive customers between 2004 and 2011, Bloomberg News reports.
BMW Predicts “Significant” Sales, Profit Gains
3/19/2014BMW AG says this year's debut of 16 new or refreshed models will help push the company's sales volume and pretax profits to record highs.
VW Readies Improved Diesel for U.S. Market
3/19/2014Later this year Volkswagen AG will begin replacing its popular 2.0-liter 4-cylinder "clean diesel" engine option in the U.S. with a more powerful and fuel efficient version with the same displacement.
VW to Build €790 Million Van Factory in Poland
3/19/2014Volkswagen AG says it open a new plant in Wrzensia, Poland, in late 2016 to make Crafter large delivery vans.
UPDATE: Toyota to Pay $1.2 Billion to Settle Recall Probe
3/19/2014Toyota Motor Corp. has agreed to pay a $1.2 billion civil fine and admit it deceived its U.S. customers about safety defects related to unintended acceleration that led to the recall of 10 million vehicles in 2009-2010.
Gallois Chosen as PSA Chairman
3/19/2014The PSA Peugeot Citroen board has unanimously nominated Louis Gallois to become its chairman, according to media reports.
Chrysler to Suspend Viper Production for 12 Weeks
3/18/2014Slow sales have prompted Chrysler Group to halt production of its $100,000-plus Viper sports car for at least two months, the Detroit Free Press reports.
Porsche Will Replace GT3 Engines
3/18/2014Porsche AG is preparing to replace the engines in all 785 of the $131,400 911 GT3 sports cars it has sold this year after two cars in Europe caught fire.