Mexican Media Brands
Fiat Plans $7.5 Billion Expansion in Brazil
5/7/2013Fiat SpA says it will invest 15 billion reals ($7.5 billion) in Brazil through 2016 to expand its capacity to produce cars, commercial trucks, heavy equipment and engines.
Aston Martin Chief Engineer Joins EV Maker Tesla
5/7/2013Tesla Motors Inc. has hired Chris Porritt from Aston Martin Lagonda Ltd., where he headed engineering, to become the electric car maker's vice president of vehicle engineering.
Tesla Hires Aston Martin’s Chief Engineer
5/7/2013Tesla Motors Inc. has hired Chris Porritt, formerly head of engineering for Aston Martin Lagonda Ltd., to become the California electric car maker's new vice president of vehicle engineering.
Opel Creates Finance Arm in Europe
5/7/2013General Motors Co.'s Opel unit has established a $1.7 billion European auto lending arm to enable the company to offer more attractive financing deals to buyers of Opel and Vauxhall vehicles.
Opel Creates Finance Arm in Europe
5/7/2013General Motors Co.'s Opel unit has established a $1.7 billion (€1.3 billion) European auto lending arm to enable the company to offer more attractive financing deals to buyers of Opel and Vauxhall vehicles.
Hyundai Denies Plans to Build New U.S. Factory
5/6/2013South Korea's Hyundai Motor Co. has no immediate plans to erect a new assembly plant in the U.S. to make Hyundai or Kia vehicles, Chairman Chung Mong-koo tells reporters.
GM Recalls 38,200 Sedans to Fix Mild Hybrid System Flaw
5/6/2013General Motors Co. will repair faulty circuit boards in 38,200 cars in the U.S. that are equipped with the company's eAssist mild hybrid system.
LG Chem Targets July Launch for U.S. Battery Cell Production
5/6/2013LG Chem Ltd. says its U.S. affiliate will begin commercial battery cell production at its unused plant in Holland, Mich., in July.
Volvo Car Swings to a Loss
5/6/2013Zhejiang Geely Holding Group's Volvo Car unit reported a net loss of 480 million kronor ($74 million) for the fiscal year ended March 31 compared with a profit of 1 billion kronor ($157 million) the year before.
Continental Income Drops 9%
5/6/2013Continental AG posted a net profit of €441 million ($578 million) in the first quarter of this year compared to €483 million ($634 million) a year earlier.