Mexican Media Brands
Hella Opens 6th Facility in India
3/18/2019Hella GmbH is opening its second electronics component plant in India and its sixth facility in the country.
BMW Ponders U.S. Source for Transmissions
3/18/2019BMW AG is considering a U.S. supplier for at least some of the transmissions used in crossover vehicles made by its factory in South Carolina.
Ford Will Cut More than 5,000 Jobs in Germany, U.K.
3/15/2019Ford Motor Co. says it will eliminate more than 5,000 fulltime and temporary jobs in Germany and the U.K., mainly through voluntary separations.
U.S. Ponders Robocars Sans Human Control Features
3/15/2019The U.S. Dept. of Transportation has begun a review process that could lead to automated cars no longer equipped with such devices as steering wheels, rearview mirrors and brake pedals.
Ford CEO Hackett Collected $17.8 Million Last Year
3/15/2019Ford Motor Co. CEO Jim Hackett received $17.8 million in total compensation in 2018, his first full year heading the company.
BMW’s Net Profit Falls 17%
3/15/2019BMW AG says its net profit in 2018 slid 17% to €7.2 billion because of financial challenges that will continue in 2019.
February Car Sales Slip 1% in Europe
3/15/2019New-car deliveries across Europe dipped to 1.15 million units in February from 1.16 million a year earlier.
BMW Unveils Leaner Board
3/15/2019BMW AG says it is “future-proofing” itself with a leaner top management structure.
SEC Sues VW, Winterkorn Over Diesel Emissions
3/15/2019Volkswagen AG and former CEO Martin Winterkorn have been charged by the SEC with “massive fraud” for selling securities at the same time their diesels were violating U.S. pollution laws.
Porsche Taycan Sport Wagon Due Next Year
3/15/2019Porsche AG CEO Oliver Blume says the company will launch the production version of its Mission E Cross Turismo electric concept vehicle by the end of 2020.