Mexican Media Brands
BMW Predicts Flat Profits in 2013
3/19/2013BMW AG expects pretax income of about €7.8 million ($10.1 billion) this year, roughly matching 2012 earnings, as heavy investments in new models, technology and factory capacity offset a predicted sales gain.
Volvo Cleared to Build Cars in China
3/19/2013Zhejiang Geely Holding Group Co. has won key regulatory approval to begin making Volvo cars in China, Bloomberg News reports.
NHTSA Steps Up Probe of Mercedes Fuel Leaks
3/19/2013The U.S. has upgraded its investigation into fuel leaks in Mercedes-Benz E-Class sedans to an engineering analysis, often a precursor to a recall.
Torotrak Buys Stake in Flywheel Maker
3/19/2013U.K.-based Torotrak plc has acquired a 20% stake in Flybrid Automotive Ltd., a privately held British developer of high-speed flywheels used in vehicles to store energy recovered during braking.
Jeep Shortages to Hurt Fiat Profit
3/19/2013Model changeovers in the U.S. for most of Jeep's SUV lineup will dent Chrysler Group LLC's revenue and profit in the current quarter thus hurting finances at parent Fiat SpA, according to Fiat-Chrysler CEO Sergio Marchionne.
Tight Jeep Supplies to Dent Chrysler, Fiat Results
3/19/2013Model changeovers for most of Jeep's SUV lineup will cut Chrysler Group LLC's revenue and profit in the current quarter thus hurting finances at parent Fiat SpA, according to Fiat-Chrysler CEO Sergio Marchionne.
Daihatsu Names First Non-Toyota President Since 1992
3/19/2013Toyota Motor Corp.'s Daihatsu Motor minicar unit has appointed Executive Vice President Masanori Mitsui to become president on June 27, Bloomberg News reports.
Car Sales Fall 10% in Europe
3/19/2013Registrations of new passenger vehicles across Europe slid to 829,400 units last month from 923,600 units in February 2012, according to industry group ACEA.
Ghosn Supports Scrappage Plan to Boost Car Demand
3/19/2013European governments will need at some point to offer new scrappage schemes to revive the region's moribund auto sales, says Renault CEO Carlos Ghosn.
Honda Divvies Up U.S. Advertising Account
3/19/2013After a three-month review, Honda Motor Co. has decided to split its $1.1 billion-per-year American advertising business among three agencies.