Mexican Media Brands
Nissan, Dongfeng Plan $9.5 Billion Spending Blitz in China
2/5/2018Nissan Motor Co. and joint venture partner Dongfeng Group will invest 60 billion yuan ($9.5 billion) to boost annual sales in China more than 70% by 2022.
VW Asks to Delay U.S. Diesel Emission Trials Over Hitler Reference
2/5/2018Volkswagen AG has asked a judge to delay several U.S. lawsuits involving rigged diesel emission controls because a lawyer representing hundreds of VW customers made “inflammatory” comments about the company.
California Braces for Battle Over Its Right to Set Emission Limits
2/5/2018California’s Air Resources Board predicts a “war” if the federal government moves to rescind the state’s right to set its own air pollution limits for cars, Bloomberg News reports.
Renault Expected to Reappoint Ghosn as CEO
2/2/2018Carlos Ghosn, who had been expected to retire when his current contract as chairman and CEO of Renault SA expires in June, will be reappointed to both posts, according to media reports.
EV Startup Xpeng Motors Raises Another $350 Million
2/2/2018Chinese electric car startup Guangzhou Xiaopeng Motors Technology Co. (Xpeng Motors) has raised 2.2 billion yuan ($350 million) in its Series B funding round, nearly doubling its total funding to 5 billion yuan ($800 million).
Car Sales Advance 3% in Italy
2/2/2018New-car sales in Italy rose 3% to 177,800 units last month, according to the country’s Ministry of Infrastructure and Transport.
Next-Gen BMW EVs Will Keep Lithium-Ion Batteries
2/2/2018BMW AG has begun developing solid-state batteries but doesn’t expect the technology to supplant current lithium-ion systems for electric cars anytime soon.
Honda Raises Outlook as Sales, Earnings Jump
2/2/2018Honda Motor Co. reports that the new cuts in U.S. corporate taxes helped to more than triple its net income in October-December to 570 billion yen ($5.2 billion).
Classic Vincent Motorcycle Sells for Record $929,000
2/2/2018A 1951 Vincent Black Lightning motorcycle was sold at auction in Las Vegas this week for $929,000—the most ever paid for a motorcycle.
Toyota Hits Hybrid/EV Milestone 3 Years Early
2/2/2018Toyota Motor Corp. says it sold 1.52 million electrified vehicles worldwide last year, up 8% over 2016 levels and surpassing a 1.5 million milestone three years ahead of previous plans.