Mexican Media Brands
Fisker Creditors Ask Court to Consider New Bid
1/2/2014Creditors have urged the U.S. bankruptcy court in Delaware to consider a last-minute bid from Wanxiang America Corp. to buy the assets of Fisker Automotive Inc. for at least $25 million.
JAMA Calls Emerging Markets “Unpredictable”
1/2/2014New-car demand in emerging markets, which slowed in 2013, will be "unpredictable" this year, says the Japan Automobile Manufacturers Assn.
Hyundai-Kia Expects Slower Growth in 2014
1/2/2014Hyundai Motor Co. and its Kia Motors Corp. affiliate predict their combined global sales this year will total 7.86 million units compared with 7.56 million in 2013.
Fiat to Buy Remaining Stake in Chrysler for $4.35 Billion
1/2/2014Fiat SpA, which owns 58.5% of Chrysler Group LLC, has agreed to spend $4.35 billion to acquire the remaining 41.5% stake held by a United Auto Workers union healthcare trust.
Fiat Reaches Deal to Buy Remaining Stake in Chrysler
1/2/2014Fiat SpA has agreed to spend $4.35 billion (€3.16 billion) to acquire the 41.5% of Chrysler Group LLC it doesn't already own.
Cooper Tire Drops Plan to Sell Itself
12/31/2013Cooper Tire & Rubber Co. has terminated a plan announced six months ago to sell itself to India's Apollo Tyres Ltd. for $2.5 billion.
GM Recalls 1.5 Million Cars in China
12/27/2013General Motors Co. and partner SAIC Motor Corp. are preparing to recall almost 1.5 million Chevrolet and Buick produced in China to replace a fuel pump bracket that could break and cause gasoline to leak, Reuters reports.
Michigan Becomes 4th State to Allow Self-Driving Cars
12/27/2013As expected, Michigan Gov. Rick Snyder has signed a law that permits developers to evaluate driverless vehicles on public roads. The state joins California, Florida and Nevada in allowing street tests of automated vehicles.
Hyundai-Kia Agree to $395 Million Settlement on False Fuel-Economy Claims
12/24/2013Hyundai Motor Co. and its Kia Motors affiliate have agreed to pay about $210 million and $185 million, respectively, to an estimated 900,000 customers to compensate for the companies' inflated U.S. fuel economy ratings.