Mexican Media Brands
Coda Sheds More Employees
1/6/2013Electric vehicle maker Coda Automotive Inc. says it will furlough an unspecified number of its remaining 275 employees for three months as part of a new round of cost cutting.
Argentina’s Car Sales Tumbled 12% in 2012
1/6/2013Automakers delivered 596,400 passenger cars to dealers in Argentina last year compared with 673,900 units in 2011, according to carmaker group ADEFA.
Canada: No Rush to Sell GM Stock
1/6/2013The U.S. Dept. of the Treasury is selling 200 million of its General Motors Co. shares to the company and aims to divest its remaining 19% stake over the next 15 months.
Toyota May Take Hiatus from Building New Plants
1/6/2013Toyota Motor Corp. doesn't plan to begin construction of any new factories until at least April 2016, except those already announced, the The Nikkei reports without citing its sources.
Mazda Expands Capacity in Mexico
1/6/2013Mazda Motor Corp. says it is boosting capacity at the small-car assembly plant it is constructing in Mexico to 230,000 units from the originally planned 190,000 units.
Honda Aims to Cut Costs by Consolidating Platforms
1/6/2013Honda Motor Co. is developing a single platform for its three most popular models to cut related purchasing costs 30% and boost shared content to 40%-50% by value, The Nikkei reports.
GM to Recall Trucks for Rollaway Risk
1/6/2013General Motors Co. will begin to recall 69,000 vans, pickup trucks and SUVs next month to fix defects that could allow the vehicles to roll away after being parked.
Canada to Invest $253 Million in Local Auto Industry
1/6/2013The Canadian government plans to spend C$250 million ($253 million) over five years to support automotive research and development in Canada in hopes of bolstering the company's auto employment.
Automakers Expect Single-Digit Sales Growth in China
1/4/2013Carmakers predict that China's market for passenger and commercial vehicles, which expanded by an estimated 5.5% last year, will grow 5%-10% in 2013, Reuters reports.
Carmakers Predict Single-Digit Sales Growth in China
1/4/2013Automakers expect China's market for passenger and commercial vehicles, which expanded by an estimated 5.5% last year, to grow 5%-10% in 2013, Reuters reports.