Mexican Media Brands
Schumacher's F1 Car Sells for $1 Million
12/3/2013The Formula One race car driven by Michael Schumacher to the first of his record seven F1 championships was auctioned off last weekend in London for 617,500 ($1.01 million).
Volvo Picks New Creative Agency
12/3/2013Volvo Car Corp. has selected WWP's Grey London, office to be its global creative agency, Advertising Age reports.
U.S. Dealer Inventories Swell to 8-Year High
12/2/2013Supplies of unsold cars and light trucks on dealership lots in the U.S. have ballooned to 3.4 million units, their highest level since 2005, says Bloomberg News.
UAW Ponders First Dues Increase in 46 Years
12/2/2013The United Auto Workers union may increase its membership dues for the first time since 1967, according to Reuters, which cites union sources.
Fiat Prepares Another Alfa Revival Plan
12/2/2013Fiat SpA is expected in April to unveil the fourth turnaround plan in 10 years for its Alfa Romeo brand, Automotive News Europe reports.
UPDATE: Saab Returns
12/2/2013Saab Automobile resumed low-volume production at its factory in Trollhattan, Sweden, on Monday.
Next Hot Product: Smart Wheels
12/2/2013A south Florida company that developed a wheel hub-mounted micro-generator to power in-wheel vanity lights says the next step is providing electricity for applications that improve the performance of wheels and vehicles.
India’s Economy Expands 4.8%
12/2/2013India's gross domestic product grew at an annualized 4.8% in July-September compared with 4.4% in April-June, according to government figures.
VW Adds Skoda SUV Production in China
12/2/2013Volkswagen AG has added the Skoda Yeti small SUV to its lineup of locally produced models in China.
Thailand Headed for New Vehicle Output Record
12/2/2013Vehicle production in Thailand is expected to grow 2% to a record 2.5 million units in 2013, according to the Federation of Thai Industries.