Mexican Media Brands
VW’s Largest Independent Shareholder Cuts Stake by 50%
2/28/2019The Norway Sovereign Wealth Fund has sold half its €1 billion ($1.1 billion) stake in Volkswagen Group, apparently in frustration over the company’s lack of transparency.
SK to Add Second EV Battery Plant in Hungary
2/28/2019Seoul-based battery maker SK Innovation Co, plans to build a second factory in Hungary to supply batteries for electrified vehicles.
PSA Names New Chief for China Operations
2/28/2019PSA Group has named Massimo Roserba, formerly CEO of its Italian operations, to head its joint venture in China.
UPDATE: Wabco Confirms Sale Talks with ZF
2/27/2019German powertrain and electronics supplier ZF Friedrichshafen AG has begun talks about buying American rival Wabco Holdings Inc.
SEAT Taps IBM Watson for Mobility Platform
2/27/2019Volkswagen AG’s SEAT unit is working with IBM Corp. to develop a mobility-as-a-service (MaaS) platform to help consumers compare and book various travel options.
Ford Trims Use of Contract Labor in China
2/27/2019Ford Motor Co. and partner Changan Automobile Group have dropped contract worker agreements with multiple agencies as their venture struggles with slumping sales in China.
Permanently Slower Growth Ahead for China’s Car Market?
2/27/2019The heady days of China’s double-digit growth in annual car sales may be over forever, Bloomberg News says.
Qoros Taps Japanese Execs for CEO, COO, CTO
2/27/2019Chinese carmaker Qoros Automotive Co. Ltd. has installed a trio of Japanese auto executives to its top posts.
Ginetta Hypercar to Start at $445,000
2/27/2019U.K.-based specialty builder Ginetta Cars Ltd. has released images of its upcoming supercar ahead of next week’s public unveiling at the Geneva auto show.
VW, Microsoft Expand Cloud Partnership Beyond Europe
2/27/2019Volkswagen AG and Microsoft Corp. are expanding the cloud-computing partnership they announced last September to China and North America.