Mexican Media Brands
GM Plans to Shed 50% Stake in Italian Diesel Venture
9/23/2013General Motors says it is exercising an option to sell its 50% stake in VM Motori, a 66-year-old diesel engine supplier based in Centro, Italy, to Fiat by year-end.
PSA: Toyota City Car Venture in Europe Will Continue
9/23/2013PSA Peugeot Citroen CEO Philippe Varin tells Germany's Auto Motor und Sport that the company will continue to jointly develop and produce city cars with Toyota Motor Corp.
PSA Says Minicar Venture with Toyota Will Continue
9/23/2013PSA Peugeot Citroen CEO Philippe Varin tells Auto Motor und Sport that the company will continue to jointly develop and produce city cars with Toyota Motor Corp.
Ford Extends B-Max Production Cut in Romania
9/23/2013Ford Motor Co. plans to suspend output of B-Max small MPVs in Craiova, Romania, for 13 days in October because of weak demand for the model in Europe.
Report: Global Demand for Automotive Paint to Surge 34%
9/23/2013The worldwide market for automotive coatings by carmakers will jump to $11.7 billion and nearly 1 billion gallons by 2018 from $8.7 billion and about 763 million gallons this year, according to Dallas-based MarketsandMarkets.
Fiat To Acquire GM’s Stake in VM Motori Venture
9/23/2013Fiat SpA is buying General Motors Co.'s 50% stake in VM Motori SpA, a 50:50 diesel making venture between the two carmakers since 2010.
India Hikes Interest Rate to Slow Inflation
9/20/2013India's central bank has raised its commercial loan rate one-quarter percentage point to 7.5% in an effort to curb the country's inflation rate, which hit a six-month high of 6.1% this week.
BMW to Fix Rear Light Failure in 5 Series Sedans
9/20/2013Next month BMW plans to begin recalling 134,100 of its 5 Series midsize sedans to fix brake, backup and tail lamps that could stop working.
Mazda’s Mexico Plant to Supply Europe, Other Markets
9/20/2013Mazda Motor Co. will begin shipping "tens of thousands" of Mexican-made small cars to Europe in early 2014, The Nikkei says.
Schaeffler Board Discusses Succession Plan
9/20/2013Schaeffler AG's owners are close to a decision about the company's next leader, according to Manager Magazin.