Mexican Media Brands
FCA Finalizes Magneti Marelli Sale
5/2/2019Fiat Chrysler Automobiles NV has completed the sale of its Magneti Marelli SpA parts affiliate to CK Holdings Co.
Maruti Suzuki Sales Plunge to 7-Year Low
5/2/2019Maruti Suzuki India ltd., the country’s largest carmaker, says its sales in April plummeted 17% to 143,200 units, led by a 20% drop to 131,400 domestic deliveries.
Toyota Doubles Funding for AI Startup Investments
5/2/2019Toyota Motor Corp. says its AI Ventures unit is launching a second $100 million fund to spend on startups in artificial intelligence, robotics, big-data and advanced mobility.
Chevy/GMC Crossovers Drop AWD Diesel Option
5/2/2019General Motors Co. is discontinuing diesel-powered, all-wheel-drive variants of its Chevrolet Equinox and GMC Terrain compact crossover vehicles for the 2020-model year.
Tesla Plans $2 Billion Capital Boost
5/2/2019Tesla Inc. hopes to raise $2 billion through a debt and stock offering after CEO Elon Musk acknowledged last week that the company might raise more capital.
Ford Targets Best-in-Class “Customer Experiences”
5/2/2019Ford Motor Co. says it has doubled its investment in customer service programs this year and is rolling out a variety of new initiatives to help improve retention rates.
Former JCI Battery Unit Relaunched as Clarios
5/2/2019Brookfield Business Partners LP has completed its $13.2 billion purchase of Johnson Controls International Inc.’s Power Solutions battery unit and renamed it Clarios.
VW Group 1Q Revenue Up, Earnings Down
5/2/2019Volkswagen AG reports its revenue rose 3% to €60 billion ($67.3 billion) in the first quarter of 2019, even though vehicle deliveries to customers slipped 3% to 2.61 million units.
Daimler Reassigns Chief of Smart Minicar Unit
5/2/2019Katrin Adt, who took over as head of Daimler AG’s struggling Smart city car brand last October, will lead the carmaker’s new Mercedes-Benz Cars Own Retail Europe unit.
Denso Leads $20 Million Funding Round for E-bike Startup
5/2/2019Denso Corp. and Innovest Global led a $20 million first funding round for California-based e-bike startup Bond Mobility Inc.