Mexican Media Brands
BorgWarner Promotes Verrier to CEO
11/15/2012BorgWarner Inc. has appointed James Verrier, its president and chief operating officer, to become CEO on Jan. 1.
Santander May Become Chrysler’s Preferred Lender
11/15/2012Chrysler Group LLC is in negotiations to make Spain's Banco Santander SA the preferred provider of loans to the company's dealers and customers, Bloomberg News reports.
Chevy Volt Batteries Power Home Backup Unit
11/15/2012General Motors Co. has developed a prototype power storage unit for homes that uses five batteries recycled from Chevrolet Volt extended-range hybrid cars.
Ford Margins to Shrink as Buyers Shift to Small Cars
11/15/2012Ford Motor Co. warns that its operating profit margin in North America, which hit 12% in this year's third quarter, will contract to 8%-10% by mid-decade.
Toyota to Settle Shareholder Lawsuit for $26 Million
11/15/2012Toyota Motor Corp. has agreed to pay $26 million to investors to settle a federal lawsuit in Los Angeles about stock losses blamed on publicity about sudden acceleration of the company's vehicles in 2009-2010.
Daimler Aims to Nearly Double Global Cars Sales
11/15/2012Daimler AG expects to boost combined sales of its Mercedes-Benz and Smart car brands to 2.6 million vehicles by 2020 from 1.4 million last year, CEO Dieter Zetsche tells Die Zeit.
Toyota to Settle U.S. Investor Lawsuit for $26 Million
11/14/2012Toyota Motor Corp. has agreed to pay $26 million to shareholders to settle a federal lawsuit in Los Angeles about stock losses blamed on publicity about sudden acceleration of the company's vehicles in 2009-2010.
VW Delays Decision on Lamborghini Crossover
11/14/2012Volkswagen AG will delay for at least a few months a decision to allow its Lamborghini unit to build a production version of the Urus crossover concept it unveiled at the Beijing auto show in April.
Toyota Launches Global Recall of 2.8 Million Vehicles
11/14/2012Toyota Motor Corp. says it will recall 2.77 million vehicles worldwide to repair steering and water pump defects.
Toyota Launches 2.8 Million-Vehicle Global Recall
11/14/2012Toyota Motor Corp. says it will recall 2.77 million vehicles worldwide to repair steering and water pump defects.