Mexican Media Brands
Geely Completes Proton, Lotus Acquisitions
9/29/2017China’s Zhejiang Geely Holding Group Co. has completed the purchase of 49.9% of Malaysia’s Proton Holdings Bhd. and 51% of its Group Lotus unit in the U.K.
VW Adds €2.5 Billion Charge for U.S. Diesel Buyback Program
9/29/2017Volkswagen AG says it will take a charge of €2.3 billion ($3 billion) in the third quarter to cover additional costs connected with retrofitting or buying back diesel-powered cars it rigged to evade emission laws.
Honda Sports EV Concept to Get Tokyo Reveal
9/29/2017Honda Motor Co. will unveil a new electric sports car at next month’s Tokyo auto show.
Alfa Sets SUV ‘Ring Record with Stelvio Quadrifoglio
9/29/2017Fiat Chrysler Automobiles NV’s Alfa Romeo set a new record for a crossover/SUV at Germany’s legendary Nurburgring with a time of 7 minutes and 52 seconds in the high-performance Stelvio Quadrifoglio.
Panasonic Prepares Display Factory to Make EV Batteries
9/29/2017Panasonic Corp plans to equip an underutilized LCD panel factory in Himeji, Japan, to also make lithium-ion batteries for electric cars, according to The Nikkei.
Second-Quarter U.S. Growth Revised Upward, Again
9/28/2017The U.S. economy grew at a 3.1% annual rate in the second quarter, up from an initial estimate of 2.6% that was revised to 3.0% late last month.
Audi Shows Formula E Race Car
9/28/2017This week Audi AG unveiled its e-tron FE04 racecar for the Formula E electric vehicle series.
China Finalizes Sales Quotas for EVs, Plug-in Hybrids
9/28/2017China’s central government has finalized sales quotas for “new-energy” vehicles (NEVs) that will take effect in 2019, a year later than originally proposed.
Beast-Supercar Maker Readies Tank-Like SUV
9/28/2017Santa Ana, Calif.-based Rezvani Automotive Designs plans to introduce a new model, the military-inspired Tank SUV, later this year.
Ford Ponders Electric Delivery Van Production in Germany
9/28/2017Ford Motor Co. is looking closely at a plan to launch higher-volume production of a medium-duty electric delivery van it developed with logistics company Deutsche Post DHL Group.