Mexican Media Brands
Faurecia Trims Outlook
11/26/2013Faurecia SA has lowered its midterm financial targets as it completes an acquisition binge and shifts to "controlled growth."
Daimler Opens Engine Plant in China
11/26/2013Daimler AG has begun production at a new €400 million engine facility outside Beijing.
Volvo Borrows Another $800 Million from Chinese Bank
11/25/2013Volvo Car Corp. has secured a second loan from China Development Bank, this one for $800 million, to help fund product development and strengthen its capital structure.
Toshiba to Hike Output of Advanced Image-Processing Chips
11/25/2013Japanese semiconductor giant Toshiba Corp. plans to begin producing its latest automotive image-processing chips at a rate of several tens of thousands per month in the second half of next year, The Nikkei reports.
Daimler Streamlines Engine Production
11/25/2013Daimler AG's Mercedes-Benz unit aims to equip its engine plants to manufacture the company's entire lineup of 6- and 8-cylinder gasoline and diesel engines on the same assembly line.
Fiat: No Chrysler IPO for Now
11/25/2013Fiat SpA, which owns 58.5% of Chrysler Group LLC, says the American company won't launch an initial public offering this year after all.
Fiat Rules Out Chrysler IPO This Year
11/25/2013Fiat SpA, which owns 58.5% of Chrysler Group LLC, says the American company won't launch an initial public offering this year after all.
UPDATE: PSA Hires Tavares
11/25/2013PSA Peugeot Citroen has hired former Renault COO Carlos Tavares to join its management board in January.
Ex-Renault COO to Lead PSA
11/25/2013PSA Peugeot Citroen has hired former Renault COO Carlos Tavares to join its management board in January and replace CEO Philippe Varin, 61, sometime next year.
Toyota Unit Touts Low-Cost Traffic Report Service
11/25/2013Toyota Tsusho Corp. is looking for new markets in Asia and the Middle East for a novel traffic information system that requires only smartphones and cloud servers, The Nikkei reports.