Mexican Media Brands
Nexteer to Open Electric Power Steering Plant in Morocco
2/26/2018Saginaw, Mich.-based Nexteer Automotive Group Ltd. will begin construction next month on a 194,000-sq-ft facility in Kenitra, Morocco.
CEO of Ford’s Chariot Ride-Share Service Quits
2/26/2018Ali Vahabzadeh, who co-founded Ford Motor Co.’s Chariot ride-share service four years ago, has quit as CEO but will remain on the company’s board.
Tax Breaks Bolster Demand for Hybrids in Thailand
2/26/2018Government incentives are slowly building demand for pricey hybrid and plug-in hybrid cars in Thailand, The Nikkei reports.
FCA to Drop Diesel Passenger Vehicles by 2022?
2/26/2018Fiat Chrysler Automobiles NV reportedly intends to phase out diesel options for all its passenger vehicles by 2022.
Daimler, BAIC Plan $1.9 Billion Assembly Plant in China
2/26/2018BAIC Motor Corp. and Daimler AG say in a regulatory filing they will invest a combined 11.9 billion yuan ($1.9 billion) in a new plant to make Mercedes-Benz passenger vehicles in China.
VW Touts Record Unit Sales, Revenue Gain
2/23/2018Volkswagen Group reports its revenue in 2017 climbed 6% to €230.7 billion ($283.7 billion) as unit retail sales rose 4% to a record 10.74 million vehicles.
Reports: Geely Buys 10% Stake in Daimler
2/23/2018China’s Zhejiang Geely Holding Group has acquired a 9.7% stake in Daimler AG to make it the German carmaker’s largest single shareholder, according to media reports.
Nissan Mulls Performance Pickup Truck
2/23/2018Nissan Motor Co. is considering an off-road performance version of its NP300 Navara midsize pickup truck to compete with Ford Motor Co.’s upcoming Ranger Raptor model.
GM Will Ask for Wage Freeze, Benefits Cuts at Korean Unit
2/23/2018General Motors Co. will propose freezing worker wages and suspending benefits for some employees to lower costs at its struggling manufacturing unit in South Korea, according to Reuters.
Toyota Plans Proving Ground with ‘Ring-like Test Track
2/23/2018Toyota Motor Corp. is investing 300 billion yen ($2.8 billion) to build a research and development center in Japan that will focus on electrified and other “green” technologies.