Mexican Media Brands
Federal-Mogul Swings to Quarterly Profit
7/23/2013Federal-Mogul Corp. posted net earnings of $56 million for the second quarter of 2013 compared with a $59 million loss a year earlier.
Is Apple Too Late in Launching iOS for Cars?
7/23/2013Apple Inc. aim to roll out the automotive version of its upcoming iOS 7 operating system next year, but the entry may be "way too late," says Frost & Sullivan.
Fiat-Chrysler Ponders New RWD Car Platform
7/23/2013Fiat SpA and its Chrysler unit are studying plans to co-develop a rear-wheel-drive platform for midsize cars to be marketed under the company's Alfa Romeo, Chrysler and Dodge brands, says Automotive News Europe.
Toyota Opens Global Center to Train Mechanics
7/22/2013Toyota Motor Co. has completed a new $90 million training facility in in Tajimi, Japan, to improve the skills of dealership mechanics and other after-sales service personnel worldwide.
Jaguar Plans Family of Entry-Level Luxury Cars
7/22/2013Tata Motors Ltd.'s Jaguar unit will expand its lineup with three new entry-level luxury cars beginning in 2015, according to the Financial Times, which cites unidentified sources.
U.S. Price for BMW i3 Electric: $42,300
7/22/2013BMW AG says its new i3 electric car will debut in the U.S. at a starting price of $42,300 in the second quarter of 2014.
Detroit Bankruptcy Unlikely to Slow Big Three
7/22/2013Detroit is the birthplace of the American auto industry. But the Motor City's Chapter 9 bankruptcy filing late last week is not expected to have much impact on Chrysler, Ford or General Motors.
Toyota Will Pay $1.6 Billion on Acceleration Claims
7/22/2013A federal judge in California has approved a $1.6 billion agreement to settle economic claims in a class-action lawsuit about lost resale values for Toyota Motor Corp. vehicles involved in sudden-acceleration recalls.
GM Fires Cadillac’s U.S. Sales Chief
7/22/2013General Motors Co. says it has fired Chase Hawkins, vice president of U.S. sales and service for its Cadillac brand, for violating an unspecified company policy, Automotive News reports.
PSA Aims to End Losses at French Plants by 2016
7/22/2013PSA Peugeot Citroen has set a goal of breaking even at its assembly plants in France in 2016 by winning labor concession in its current contract talks.