Mexican Media Brands
New Owner to Invest Nearly $1 Billion 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 ($986 million) in long-term financing to develop and manufacture electric vehicles, Dagens Industri reports.
Road & Track Joins the Crowd
6/15/2012Road & Track magazine is moving its headquarters from Newport Beach, Calif., to joint sister buff book Car and Driver in Ann Arbor, Mich.
VW’s Price to Buy Half of Porsche AG Jumps €600 Million
6/15/2012Volkswagen AG, which seeks to buy the 50.1% of sports car maker Porsche AG that it doesn't already own, may be required to pay €4.4 billion for the stake instead of the previously agreed-upon €3.9 billion, Financial Times Deutschland reports.
Auto Buff Book Makes Tracks for Michigan
6/15/2012Hearst Communications Inc. says its Road & Track magazine is moving its headquarters from Newport Beach, Calif., to Ann Arbor, Mich., to be closer to the heart of the auto industry.
U.K. Group Aims to Develop Lower-Cost EV Motor
6/14/2012Researchers in England have launched a three-year effort to develop a switched reluctance traction motor that is quiet enough for use in luxury hybrids.
U.S. Inflation Drops as Fuel Costs Plunge
6/14/2012The prices Americans pay for goods and services fell 0.3% from April to May, the biggest decline in more than three years, as gasoline prices plummeted 6.8%, the Dept. of Labor says.
Voith Hires Truck Veteran Reinhardt
6/14/2012German mechanical engineering firm Voith GmbH has appointed Carsten Reinhardt to serve as a member of its management board and CEO of its Voith Turbo subsidiary, beginning July 1.
UAW Official, University President Join Chrysler Board
6/14/2012Chrysler Group LLC has named Erickson Perkins, director of strategic research at the United Auto Workers Union, and Ruth Simmons, president of Brown University, to its nine-member board of directors, effective June 10.
Toyota Names Hamp to Head N. American PR
6/14/2012Toyota Motor Corp. has recruited Julie Hamp, a former General Motors Co. public relations executive, to become Toyota's chief communications officer for North America on June 25.