Mexican Media Brands
Interiors Supplier IAC Makes Plans to Go Public
6/17/2013International Automotive Components Group SA, the auto interiors supplier controlled by billionaire Wilbur Ross, has filed a preliminary prospectus for an initial public offering to raise as much as $115 million.
International Automotive Components Group Plans IPO
6/17/2013International Automotive Components Group SA, the auto interiors supplier controlled by billionaire Wilbur Ross, has filed a preliminary prospectus for an initial public offering to raise as much as $115 million (€86 million).
Honda Delays Hybrid Production in China
6/17/2013Honda Motor Co., which had planned to begin building hybrid cars in China next year, now says it may not do so until 2016.
N. American Output to Hit 11-Year High in 2013
6/17/2013Automakers will build more than 16 million cars and light trucks in North America this year, the highest production level since 2002, Automotive News Europe reports.
Europe Proposes Automatic Crash Reporting for Light Vehicles
6/17/2013The European Commission proposes that by October 2015 all light-duty vehicles sold in the European Union must be equipped with a system that automatically reports their whereabouts to emergency services in the event of a serious crash.
BMW Debuts 4 Series Coupe
6/16/2013BMW AG has launched sales of its new 4 Series coupe, a larger and more distinctively styled version of the 3 Series coupe it replaces.
GM Expands SUV Recall for Fire Hazard
6/16/2013General Motors Co. is recalling 231,700 midsize SUVs, including 38,000 units sold outside the U.S., to repair the driver door's power lock/window module, which could overheat and catch fire.
Chrysler to Freeze U.S. Salaried Pension Plan
6/16/2013Chrysler Group LLC says it will transfer all its longtime U.S. salaried employees to a 401(k)-type defined contribution pension plan on Jan. 1.
GM Halts Production of Two Diesel Models in India
6/14/2013General Motors Co. has suspended production of the diesel-powered variants of its Chevrolet Sail mini sedan and hatchback and Tavera compact MPV for more than a week.
Ford Hints at New Models for Lincoln Brand
6/14/2013Ford Motor Co. tells investors its efforts to revive its struggling Lincoln brand may include two or more models developed for fast-growing market segments.