Mexican Media Brands
Boring Wins Initial Approval for Las Vegas Tunnel
3/13/2019The Las Vegas Convention Center and Visitors Authority (LVCCVA) has agreed to enter into exclusive negotiations with Elon Musk’s Boring Co. for a high-speed underground transportation system.
FCA to Recall Nearly 968,000 Vehicles that Flunked U.S. Emission Tests
3/13/2019Fiat Chrysler Automobiles NV has agreed to recall 967,700 of its gasoline-powered cars and SUV/crossovers in the U.S. and Canada that failed “in-use” emission tests.
VW Postpones IPO for Traton Truck Unit
3/13/2019Volkswagen AG says it is postponing a planned initial public offering for its Traton commercial truck business, citing unfavorable market conditions.
Caddy Switching to Torque-Based Powertrain Naming Scheme
3/13/2019General Motors Co.’s Cadillac unit is adopting a new naming scheme for 2020 models that will incorporate an engine’s torque rating.
Nissan: Electrified Vehicles to Account for 25% of Sales in Asia by 2022
3/13/2019Nissan Motor Co., which is expanding the availability of electrified models throughout Asia-Oceania, expects that such vehicles will account for one-fourth of its sales in the region by 2022.
VW Nixes High-Output Golf
3/13/2019Volkswagen AG has decided not to pursue a production version of the Golf R400 concept it presented in 2014.
UPDATE: Mitsubishi Motors Names New COO in Alliance Shuffle
3/13/2019Trevor Mann, chief operating officer for Mitsubishi Motors Corp. for the past three years, is leaving the company at the end of March.
VW Brand to Cut Staff by at Least 5,000
3/13/2019Volkswagen AG says its VW brand is on track to eliminate 5,000-7,000 jobs by 2025 in a bid to hike the unit’s operating margin to 6% from 3.8% in 2018.
Global Car Sales Fell 6% in February
3/13/2019Worldwide sales of cars and light trucks shrank 6% to 6.39 million units in February, according to LMC Automotive Ltd.
Porsche to Expand Leipzig Factory for Macan EV
3/13/2019Volkswagen AG’s Porsche unit plans to invest more than €600 million ($677 million) to prepare its factory in Leipzig, Germany, to make an all-electric version of the Macan compact crossover vehicle.