Mexican Media Brands
Two Denso Execs to Plead Guilty to Price Fixing
5/21/2013Two Denso Corp. executives have agreed to plead guilty in a U.S. federal court to conspiring to fix prices of electronic control units and heater control panels sold to Toyota Motor Corp., according to the Dept. of Justice.
GM to Move Treasury Office to Detroit
5/21/2013General Motors Co. plans to move its treasury office to its Detroit headquarters from New York City in mid-2014.
Toyota Tops BMW As World’s Most Valuable Car Brand
5/21/2013Toyota's brand value rose 12% from 2012 to €19.1 billion in this year's Brandz Top 100 list compiled by U.K.-based brand research group Millward Brown.
Chrysler Plans Supercharged “Hellcat” Hemi
5/21/2013Chrysler Group LLC is developing a supercharged 6.2-liter V-8 Hemi engine that is expected to produce about 640 hp, according to Automotive News.
Ford: 4-Cylinder Engines May Power 66% of New U.S. Cars by 2020
5/21/2013Half of all new light vehicles sold in America today are powered by 4-cylinder engines and Ford Motor Co. predicts that ratio could reach two-thirds by the end of the decade, The Detroit News reports.
Magna Opens Body, Chassis Plant in China
5/20/2013Canada's Magna International Inc. has launched production at a new $50 million factory in Chongqing, China, that makes make automotive body and chassis parts.
“Old A123” Wins Court Approval for Reorganization Plan
5/20/2013A federal bankruptcy judge has approved the liquidation plan of B456 Systems Inc. which consists of the assets of battery maker A123 Systems Inc. that remain in Chapter 11.
After Review, Porsche Will Keep Current Ad Agency
5/20/2013Porsche AG, which began a review of its U.S. creative advertising account in December, will remain with Cramer-Krasselt, the Chicago-based independent agency that has managed the business since 2007, Advertising Age reports.
Experian Appoints New Auto Unit Chief
5/20/2013Dublin, Ireland-based information services firm Experian plc has promoted John Gray, senior vice president of sales at its Experian Automotive unit, to president of that business, effective immediately.
PACCAR Exec Hired to Head Navistar’s N. American Truck Unit
5/20/2013Navistar International Inc. has recruited Bill Kozek, a 26-year veteran of rival truckmaker PACCAR Inc., to head its North American truck business.