Mexican Media Brands
Audi Promotes Marketing Exec to Lead U.S. Unit
6/21/2012Volkswagen AG's Audi unit has appointed Scott Keogh, chief marketing officer for its American unit, as president of those operations.
Porsche Repeats: No Plan for Lower-Cost Sports Car
6/21/2012Porsche AG confirms it will not develop a lower-cost roadster because anything cheaper than its $49,500 Boxster sports car "doesn't fit our brand." Bernhard Maier, who heads Porsche sales and marketing, tells this week's Automotive News Europe Congress the brand is determined to maintain its image of exclusivity even as it boosts volume.
Nissan to Reduce Japan Capacity 14%
6/21/2012Nissan Motor Co. says it will cut domestic factory capacity to 1.16 million units per year from 1.35 million units currently to shield more of its output from the effect of the strong yen.
France Mulls Large-Car Tax
6/21/2012The French government may impose an unspecified new tax on large luxury cars to encourage consumers to shift to more fuel-efficient smaller vehicles, according to La Tribune.
Fed to Continue Economic Stimulus Program
6/21/2012The Federal Reserve will extend a program that shifts short-term securities into long-term bonds through the end of this year to foster a stronger economic recovery.
Navistar Creates Poison Pill to Deter Hostile Takeover
6/21/2012Navistar International Inc.'s board has adopted a plan that would drive up the company's price if an investor obtains 15% or more of its shares.
PSA Board Backs CEO Varin Amid Talk of Discord
6/20/2012The supervisory board of PSA Peugeot Citroen announced its "complete support" for CEO Philippe Varin, his business strategy and management board.
PSA Board Backs CEO Varin Amid Talk of Discord
6/20/2012The supervisory board of PSA Peugeot Citroen announced its "complete support" for CEO Philippe Varin, his business strategy and management board.