Mexican Media Brands
Volvo Truck Sells U.S. Machine Rental Unit
12/10/2013AB Volvo says it has reached agreement to sell its Volvo Rents machinery rental business in North America to Platinum Equity for 7.2 billion krona ($1.1 billion).
Car Sales Drop 4% in Russia
12/10/2013Passenger-vehicle sales in Russia fell to 232,000 units in November from 240,600 a year earlier, the Moscow-based Assn. of European Businesses reports.
Nissan May Build Datsun Cars in Mexico
12/10/2013CEO Carlos Ghosn says Nissan Motor Co. is pondering a plan to introduce its low-cost Datsun brand in South America from a production base in Mexico.
DiCaprio Co-Founds Formula E Electric Race Car Team
12/10/2013Film actor Leonardo DiCaprio has partnered with Monaco-based electric carmaker Venturi Automobiles to field a two-driver racing team for the FIA's new Formula E Racing series.
Toyo Expands U.S. Tire Factory 35%
12/10/2013Toyo Tire North America Manufacturing Inc. has begun construction of a 700,000 sq-ft addition to its 2 million-sq-ft tire plant in White, Ga.
Germany’s Industrial Output Slows Again
12/10/2013Production of durable goods in Germany slipped by a seasonally adjusted 1.2% in October, following a 0.7% decline in September, according to the country's Economy Ministry.
U.S. Sells Final Stake in GM
12/9/2013The U.S. government has exited as a shareholder in General Motors Co. nearly five years after bailing out the bankrupt company with a $49.5 billion investment that made it the company's 60.8% owner.
China Further Eases Control Over Interest Rates
12/9/2013The People's Bank of China is now allowing the country's banks to trade deposits with each other, using certificates of deposit whose interest rates are determined by the market, BBC News reports.
PSA May Idle Two Production Lines in France
12/9/2013PSA Peugeot Citroen tells Reuters it will begin an internal study later this month to decide before the end of 2014 whether to close vehicle assembly lines at two factories in France.
Suzuki Plans Hybrids for India, SE Asia
12/9/2013Suzuki Motor Corp. aims to develop its own hybrid powertrain and introduce it in compact vehicles sold in India and southeast Asia about five years from now.