Mexican Media Brands
Tata Denies Plans to Sell Jaguar Land Rover to PSA
5/9/2019Tata Motors Ltd. says there is “no truth” in a British media report that the company is poised to sell its Jaguar Land Rover unit to PSA Group.
ExxonMobil to Spend $100 Million on “Green” Tech by 2030
5/9/2019ExxonMobil Corp. plans to invest a miniscule $100 million over the next 10 years to research and develop low-emissions technologies with the U.S. Dept. of Energy.
Mazda’s Earnings Drop 43%
5/9/2019Mazda Motors Corp. says supply disruptions, costly sales incentives and unfavorable exchange rates resulted in 43% lower operating profit and net income for the fiscal year ended March 31.
Mitsubishi Calls for Return of U.K. Plug-in Hybrid Incentives
5/9/2019Mitsubishi Motors Corp. says the U.K. should reinstate incentives for plug-in hybrid incentives that the government discontinued last November.
Magna Cuts Outlook as Income Jumps 68%
5/9/2019Magna International Inc. reports its adjusted net income in the first quarter of 2019 surged to US$1.1 billion from $660 million in the same period last year.
FCA N. America Brand Chief Retires
5/9/2019Steve Beahm, who headed Fiat Chrysler Automobiles NV's Mopar unit and passenger car brands in North America, has retired after a 32-year career with the carmaker.
Honda to Cut Model Trim Options by Two-Thirds
5/9/2019Honda Motor Co. intends to cut costs and hike efficiency by shrinking the number of trim options it offers worldwide by two-thirds by 2025.
Toyota, Panasonic Forming JV for “Connected” Homes, Cars
5/9/2019Toyota Motor Corp. and Panasonic Corp. plan to merge their town development businesses in January into a joint venture to develop connected services for homes and vehicles.
Dyson Reveals Patent Sketch for EV
5/9/2019Home appliance maker Dyson Ltd. has revealed a patent sketch of the electric car it plans to debut in 2021.
Tesla Bumps Funding Round to $2.7 Billion
5/9/2019Tesla Inc. says last week’s oversubscribed stock and convertible notes offering has closed at $2.7 billion.