Mexican Media Brands
Price-Fix Investigators Raid Six Suppliers in Germany
9/25/2013Nearly three dozen anti-trust investigators have raided the German offices of Autoneum, Borgers, Faurecia, IAC, Magna International and an unidentified sixth auto supplier, according to media reports.
BMW, Hyundai May Open Factories in Mexico
9/25/2013BMW AG and Hyundai Motor Co. are in separate discussions with officials in Mexico about opening assembly plants in the country, according to Bloomberg News.
Trust Hires Deutsche Bank to Help with Chrysler Share Sale
9/25/2013The United Auto Workers union healthcare trust that owns 41.5% of Chrysler Group LLC has retained Deutsche Bank to offer counsel about selling its stake in the company, according to Reuters, which cites unnamed sources.
Lawsuit Seeks to Force U.S. Mandate on Backup Cameras
9/25/2013Consumer groups intend to file a federal lawsuit today to force the U.S. Dept. of Transportation to require backup cameras in new cars.
China Sales Growth Cools for Lamborghini
9/25/2013Volkswagen AG's Lamborghini supercar unit tells Bloomberg News that much of its sales growth will come in the U.S., Japan and the Middle East as expansion slows in China.
Monster Mercedes 6X6 Truck Heads for 2014 Production
9/25/2013Daimler AG confirms it will start low-volume production in 2014 of the wild G63 AMG 6x6 SUV it revealed in concept form in February.
China Launches New Round of EV Incentives
9/25/2013China's central government says it will pay buyers of electric, "near all-electric" and hydrogen-powered cars and light trucks as much as 60,000 yuan ($9,800) to offset the price of the vehicle.
Honda Adds Transmission Plant to Mexico Complex
9/25/2013Honda Motor Co. expects to begin making continuously variable transmissions in mid-2015 at a $470 million plant under construction in Celaya, Mexico., The factory will have initial annual production of 350,000 units.
Yet Another Delay in Alfa Romeo’s Return to U.S.
9/25/2013Fiat SpA is again postponing the full-scale return of its Alfa Romeo brand to the U.S., this time until the second quarter of 2014, Bloomberg News reports.
JLR Plans $160 Million EV Research Center in U.K.
9/25/2013Tata Motors Ltd.'s Jaguar Land Rover unit plans to open a $160 million R&D facility in 2016 that will be devoted to electric vehicles and connected-car technology.