Mexican Media Brands
PSA: No Plan to Sell Stake in Faurecia
1/9/2013PSA Peugeot Citroen denies an analyst's report that it may sell its 57.4% stake in parts supplier Faurecia SA to raise badly needed operating cash.
Audi SQ5 Crossover Adds 354-hp Gasoline Engine
1/8/2013Audi AG will use next week's Detroit auto show to introduce the first gasoline-powered version of its SQ5 high-performance crossover vehicle.
Chevy Adopts New Ad Slogan
1/8/2013General Motors Co.'s Chevrolet brand is jettisoning its much-panned "Chevy Runs Deep" advertising tagline for the new slogan, "Find New Roads."
GM May Stabilize U.S. Market Share This Year
1/8/2013General Motors Co.'s share of the American light vehicle market in 2012 tumbled 1.7 points to an 88-year low of 17.9%.
Palladium Shortages Hikes Prices
1/8/2013Consumption of palladium, led by automotive demand, will again outstrip production in 2013, Bloomberg News predicts.
Saab Owner to Sell Stake to Chinese City
1/8/2013The city of Qingdao in eastern China has agreed to buy a 22% stake in National Electric Vehicle Sweden AB for 2 billion kronor (€234 million), according to the company.
Saab Owner to Sell Stake to Chinese City
1/8/2013The city of Qingdao in eastern China has agreed to buy a 22% stake in National Electric Vehicle Sweden AB for 2 billion kronor (€234 million), according to the company.
NADA Recruits New President
1/8/2013The National Automobile Dealers Assn. has hired Peter Welch, CEO of the California New Car Dealers Assn., as NADA's new president, effective Feb. 1.
Brazil’s Auto Sales Rose 5% Last Year
1/8/2013Automakers sold a record-high 3.8 million motor vehicles in Brazil last year compared with 3.6 million units in 2011 despite a 2% drop in production, carmaker group ANFAVEA reports.