Mexican Media Brands
Fiat Troubles Delay New Chrysler Models
1/30/2013Chrysler Group LLC has canceled four new models for the U.S. and postponed three others that were due this year because of the financial struggles of Fiat SpA, its majority owner.
U.S. Economy Unexpectedly Slows
1/30/2013America's gross domestic product, which expanded 3.1% in the third quarter of 2012, shrank 0.1% in the final three months of the year, according to a preliminary estimate by the Dept. of Commerce.
Mazda to Build Transmission Plant in Thailand
1/30/2013Mazda Motor Cop. says it will spend 26 billion yen ($286 million) to erect a transmission plant Thailand's Chonburi Province.
Toyota Recalls 1.3 Million Cars in Two Campaigns
1/30/2013Toyota Motor Corp. plans to launch two U.S. recalls in February involving 1.02 million Corolla and Lexus vehicles.
Chrysler Earnings Save Fiat from Big Loss
1/30/2013Fiat SpA's group net profit slid 18% from 2011 to €1.4 billion ($1.9 billion) last year as the company's deep losses in Europe were offset by profits from affiliate Chrysler Group.
Fisker Hires Consultants to Run Daily Operations
1/30/2013Hybrid car startup Fisker Automotive Inc. has hired Chicago-based turnaround firm Huron Consulting Group Inc. to manage the automaker's daily operations while it seeks a buyer or investor, Bloomberg News reports.
Chrysler Quarterly, Annual Profits Soar
1/30/2013Chrysler Group LLC boosted net earnings 68% year on year to $378 million (€281 million) in the fourth quarter of 2012.
Finnish Researchers Develop Black Ice Detection Network
1/30/2013A new interactive warning system developed in Finland can detect and alert drivers when they encounter "black ice" conditions and report the danger to approaching vehicles.
French Court Orders PSA to Suspend Restructuring
1/29/2013PSA Peugeot Citroen must postpone its plans to eliminate 8,000 jobs in France this year until parts affiliate Faurecia SA informs its employees of how those cuts will affect them, the Paris Appeals Court has ruled.
EU Could Hit 2025 CO2 Goal if Hybrids Are 50% of Mix
1/29/2013Europe's new-car fleet could emit only 70 grams of carbon dioxide per kilometer 2025 if about half of new vehicles sold by then were hybrids, according to an analysis by Ricardo-AEA.