Mexican Media Brands
PSA to Build Vans in France for Toyota
7/23/2012PSA Peugeot Citroen has agreed to make commercial vans for Toyota Motor Corp. at a factory in Sevelnord, France, starting in the second quarter of next year but only if the plant's 2,700 hourly workers agree to concessions.
NHTSA Opens Probes into Jeep, Ram Complaints
7/23/2012The National Highway Traffic Safety Administration has launched two investigations into complaints involving 2012 model Jeep Grand Cherokee SUVs and 2009-2010 model Dodge Ram 1500 pickup trucks.
JCI Slashes Profit Outlook, May Cut Jobs
7/23/2012Johnson Controls Inc. expects net profit in its fiscal fourth quarter, which ends Sept. 30, will be flat to 5% higher than a year earlier down from its previous forecast of a 25% increase.
PSA: Attacks on Strategy Could Make It Takeover Target
7/23/2012Intense criticism of PSA Peugeot Citroen's restructuring plans by the French government and unions have weakened investor confidence in the carmaker, thus leaving it vulnerable to a hostile takeover, Chairman Thierry Peugeot alleges.
Ford May Need to Close Factory in Europe
7/23/2012Ford Motor Co. is under pressure to shutter at least one assembly plant in Europe, Bloomberg News reports, citing analysts.
Mazda Sales Majority Stake in Parts Unit
7/23/2012Mazda Motor Corp. has sold a 70% equity stake in its Toyo Advanced Technologies Co. subsidiary to Japanese trading house Itochu Corp. for 21 billion yen ($266 million). Mazda predicts it will book a one-time gain of about 9.6 billion yen ($122 million) in its consolidated statements for the current fiscal year for the sale of the Hiroshima-based maker of machine tools and auto components.
Chevy Sets New Global Sales Record
7/23/2012General Motors Co.'s Chevrolet brand boosted worldwide sales 3% year over year to nearly 1.3 million vehicles in the April-June period of 2012, a record for the second quarter.
Apollo, Linamar Reportedly Bid for Metaldyne
7/22/2012Carlyle Group has received bids for its Metaldyne unit from New York City-based private equity firm Apollo Investment Corp. and Canadian engine parts supplier Linamar Corp., according to Bloomberg News.
Maruti Locks Workers Out of Riot-Damaged Plant
7/22/2012Maruti Suzuki India Ltd. has suspended production at its assembly plant in Manesar until the completion of an investigation by Haryana state authorities into the death of a manager there last Wednesday.
Maruti Locks Workers Out of Riot-Damaged Plant
7/22/2012Maruti Suzuki India Ltd. has suspended production at its assembly plant in Manesar until the completion of an investigation by Haryana state authorities into the death of a manager there last Wednesday.