Mexican Media Brands
Tesla Targets Local Investors for Chinese Plant
8/2/2018Tesla Inc. says it will turn to Chinese investors to fund most of the $5 billion electric car and battery complex it plans to build in the country.
Grab Raises Another $2 Billion to Expand Ride-Hailing Services
8/2/2018Singapore-based GrabTaxi Holdings Pte. Ltd. has raised $2 billion in new financing, about half of it from Toyota Motor Corp.
Ferrari’s Net Profit Jumps 18%
8/2/2018Ferrari NV says its revenue slipped 2% in the second quarter, but adjusted net profit surged 17%.
VW Blames Engineer Shortage for Struggles to Meet WLTP Rules
8/2/2018Volkswagen AG complains that a shortage of engineers is delaying attempts to certify its cars to meet Europe’s new emission test rules.
Acting EPA Chief Seeks Deal to Avert Legal Battle over Emissions
8/2/2018The acting head of the U.S. Environmental Protection Agency tells Congress he would “welcome a compromise” between carmakers and California that averts a legal battle over future emission rules.
U.S. Car Sales Drop 4%
8/1/2018July car sales in the U.S. fell 4% to 1.36 million units, and the annualized sales rate fell below 17 million for the first time in 12 months.
Tesla’s Cash Burn Slows as Revenue Grows
8/1/2018Tesla Inc.’s negative cash flow slowed to $739 million in April-June from more than $1 billion each in three of the past four quarters.
VW’s Profits Surge 23%
8/1/2018A 6% gain to 2.84 million unit sales helped boost Volkswagen AG’s second-quarter operating profit, excluding special items, by 23% to €5.6 billion.
Former Trump Official to Head GM’s Public Policy Team
8/1/2018General Motors Co. has appointed Everett Eissenstat, who had been a finance and trade adviser to President Donald Trump, as senior vice president for global public policy.
Magneti Marelli Buys Sensor Processing Firm
8/1/2018Magneti Marelli SpA has agreed to buy SmartMeUp, a French start-up that specializes in “perception software” for autonomous vehicles and smart cities.