Mexican Media Brands
U.K. Union Plans One-Day Strike at Ford
6/17/2012Salaried members of the U.K's Unite labor union plan a 24-hour walkout at seven Ford Motor Co. facilities on Monday to protest the company's decision to pay lower wages to new hires there and close its pension plan to new entrants.
PSA to Sell at Least Half of Gefco Unit
6/17/2012PSA Peugeot Citroen says it will divest at least 50% of its Gefco logistics unit to raise cash, Bloomberg News reports, citing a senior union official.
Ford Hires GM Veteran as Interim Lincoln PR Chief
6/17/2012Tom Kowaleski, former head of General Motors Co. global communications, has joined Ford Motor Co. as the interim head of public relations for the Lincoln brand, Automotive News says.
Car Sales Drop 8% in Europe
6/15/2012Registrations of new passenger vehicles across Europe fell to 1.15 million units last month compared with 1.19 million units in May 2011, marking the eighth straight month of year-on-year decline, according to industry group ACEA.
Fiat to Boost Stake in Chrysler, Cut Investment in Europe
6/15/2012CEO Sergio Marchionne confirms that Fiat SpA will pay less than €200 million to buy an additional 3.3% of Chrysler Group LLC.
NHTSA Expands Probe of Chevy SUV Door Fires
6/15/2012U.S. safety regulators have expanded an investigations of door fires in Chevrolet Trailblazer SUVs by 32,400 units to 341,800 vehicles.
New Owner to Invest Nearly $1 Billion in Saab
6/15/2012The Chinese-Japanese group that has agreed to buy most of Saab Automobile AB's assets earlier this week has lined up 7 billion kronor ($986 million) in long-term financing to develop and manufacture electric vehicles, Dagens Industri reports.
Activist Directors Solidify Grip on Visteon Board
6/15/2012Visteon Corp.'s shareholders have reelected two activist directors and named a new outside director to the company's board.
Opel Aims to Finalize Union Pact in Four Months
6/15/2012General Motors Co.'s Adam Opel unit and German labor union IG Metall have set a November deadline for reaching a definitive agreement on the company's restructuring, according to news reports.
New Owner to Invest €790 Million in Saab
6/15/2012The Chinese-Japanese group that agreed to buy most of Saab Automobile AB's assets earlier this week has lined up 7 billion kronor (€790 million) in long-term financing to develop and manufacture electric vehicles, Dagens Industri reports.