Mexican Media Brands
Holding Company May Sell Porsche AG Tax-Free
6/11/2012Porsche Automobil Holding SE has found a way to sell its remaining 50.1% stake in its Porsche AG sports car unit to Volkswagen AG without triggering a huge tax bill, WirtschaftsWoche reports.
Audi, BMW Post Record May Sales
6/11/2012BMW AG and Volkswagen AG's Audi brand each reported its best-ever worldwide sales for May, thanks to robust demand in China for luxury models.
Chrysler Expands Jeep Liberty Recall for Suspension Rust
6/11/2012Chrysler Group LLC is expanding its recall of Jeep Liberty compact SUVs in the U.S. by 137,200 vehicles to include SUVs from the 2006-2007 model years.
U.S. Auto Inventories Shrank 5% in May
6/11/2012Stockpiles of unsold light vehicles fell to a 52-day supply on June 1 from 55 days a month earlier, Automotive News reports.
Car Sales Grow Only 3% in India
6/11/2012Automakers sold 163,200 passenger vehicles in India last month compared with 158,800 units in May 2011, according to the Society of Indian Automobile Manufacturers.
Car Sales in India Rise Only 3%
6/11/2012Automakers sold 163,200 passenger vehicles in India last month compared with 158,800 units in May 2011, according to the Society of Indian Automobile Manufacturers.
China Cuts Fuel Prices
6/11/2012China's National Defense and Reform Commission reduced the prices of gasoline and diesel fuel by nearly 6% over the weekend to reflect declines in global oil prices.
U.S. Dealers Sue India’s Mahindra
6/11/2012Five American car dealers are suing Mahindra & Mahindra Ltd. in federal court in Atlanta, Ga., accusing the Mumbai-based truckmaker of fraud, misrepresentation and conspiracy.
American Gasoline Prices Keep Dropping
6/11/2012The average price of gasoline across the U.S. has fallen to $3.54 per gallon, down 5 cents in the past week and 19 cents lower than a month ago, according to the AAA Daily Fuel Gauge Report.
VW May Be Eyeing Navistar Stake
6/11/2012Volkswagen AG is studying the idea of buying equity in Navistar International Corp., according to the Financial Times Deutschland, which cites no sources.