Mexican Media Brands
Honda Slashes Profit Outlook 20%
10/30/2012Honda Motor Co. has cut its net income forecast for the fiscal year ending March 31 by 95 billion yen ($1.2 billion) to 375 billion yen ($4.7 billion) because of unfavorable exchange rates and lower-than-expected vehicle demand, particularly in China.
BP Cancels U.S. Ethanol Plant
10/30/2012BP plc has canceled plans to build a commercial cellulosic ethanol plant in Highlands County, Fla., saying it will divert the "considerable" investment involved into unspecified but "more attractive" projects.
Chrysler Earnings Soar 80%
10/30/2012Chrysler Group LLC boosted net income to $381 million in the third quarter of this year from $212 million in the same period of 2011.
Strong Volume Boosts Chrysler Profit 80%
10/30/2012Chrysler Group LLC increased net income to $381 million (€295 million) in the third quarter of this year from $212 million (€164 million) in the same period of 2011.
Delphi Buys British Parts Business
10/29/2012Delphi Automotive plc has completed the acquisition of U.K.-based FCI Group's electronic connectors unit from private equity firm Bain Capital for €765 million ($998 million). The partners entered exclusive negotiations for the sale in late May.
Delphi Buys U.K. Parts Business
10/29/2012Delphi Automotive plc has completed the acquisition of Gillingham, England-based FCI Group's electronic connectors unit from private equity firm Bain Capital for €765 million.
Honda Launches Business Jet Production
10/29/2012Honda Motor Co. says it has begun commercial production of the seven-passenger HondaJet plane project it launched in 1999.
Valeo Venture to Buy Ford Climate Control Unit
10/29/2012Ford Motor Co. has signed a definitive agreement to sell a climate control unit to Detroit Thermal Systems LLC for an undisclosed amount.
Ford Sells Its Last Former Visteon Unit
10/29/2012Ford Motor Co. has signed a definitive agreement to sell a climate control unit to Detroit Thermal Systems LLC for an undisclosed amount.
China-Japan Dispute Hurts Dongfeng Earnings
10/29/2012The Chinese swell of anti-Japan sentiment that has battered the sales of Japanese carmakers also is taking a steep toll on their Chinese joint venture partners.