Mexican Media Brands
PSA’s Bank Arm Obtains €5.3 Billion in Loans
1/14/2013PSA Peugeot Citroen's finance unit has secured a €4.1 billion five-year term loan and extended a €1.2 billion revolving credit line through January 2016.
China Sales Crown Goes to GM
1/14/2013General Motors Co. and its joint ventures boosted sales in China to a record-high 2.84 million units last year compared with 2.55 million units in 2011, the company reports.
Domestic Brand Sweep N. American Car, Truck Awards
1/14/2013Two domestic makes the Cadillac ATS sport sedan and Dodge Ram 1500 large pickup truck have been chosen 2013 North American Car of the Year and North American Truck/Utility of the Year.
JLR May Add Jobs in U.K. As Honda Cuts Back
1/14/2013Tata Motors Ltd.'s Jaguar Land Rover unit may hire 800 new workers at its assembly plant in Solihull, England, to keep pace with demand in China, Russia and the U.S., according to Reuters.
Daimler to Extend CEO Zetsche’s Contract
1/14/2013Daimler AG's supervisory board is set to vote at its Feb. 6 meeting to extend CEO Dieter Zetsche's contract by five years to the end of 2018, according to Der Spiegel magazine.
Mexico’s Auto Sales Rise 9%, Output Jumps 13%
1/14/2013Sales of cars and light trucks in Mexico climbed to 987,700 units in 2012 from 905,900 units the previous year, according to industry group AMIA.
New Corvette Revives Stingray Name
1/14/2013The seventh-generation Corvette unveiled on Sunday in Detroit promises 450 hp, 450 lb-ft of torque, a zero-to-60 mph time of less than four seconds and the ability to achieve more than 1G cornering grip.
Daimler Eyes Taking BAIC Stake
1/14/2013Daimler AG is considering the purchase of a stake of 10%-20% in BAIC Motor when the Beijing-based company holds its initial public offering in Hong Kong this year or next, according to news reports.
Jeep Grand Cherokee Adds V-6 Diesel Option
1/13/2013Chrysler Group LLC is offering the North American version of its 2014 Jeep Grand Cherokee with variant of the 3.0-liter V-6 diesel it debuted last year in European versions of the SUV.
Nissan Confirms Versa Note Production in Mexico
1/13/2013Nissan Motor Co. says it will add production of its 2014 Versa Note mini MPV at its plant in Aguascalientes, Mexico, this spring.