Mexican Media Brands
Nissan’s Second-Quarter Operating Profit Drops 13%
7/27/2017Nissan Motor Co. reports its pretax earnings shrank 13% to 153.3 billion yen ($1.4 billion) in the fiscal first quarter ended June 30.
Ricardo Creates Global Auto Group
7/27/2017Ricardo plc is combining its various transportation-related businesses into a new Global Automotive Group.
Acura to Open Up Sales of NSX GT3 Race Car
7/27/2017Honda Motor Co.’s Acura brand will make its NSX GT3 race car available to private owners later this year.
VW Group Profits Soar
7/27/2017Volkswagen AG’s increased revenue 5% to €59.7 billion ($69.6 billion) in April-June.
New York to Study “Textalyzer” for Distracted Driving
7/27/2017New York Gov. Andrew Cuomo has directed the state’s Traffic Safety Committee to evaluate the effectiveness and legal and social concerns about “textalyzer” devices that enable police officers to quickly check whether drivers were using their cellphones at the time of a crash.
Marchionne Confirms 2018 Exit from FCA
7/27/2017Sergio Marchionne confirms he will retire from Fiat Chrysler Automobiles NV by the end of 2018.
KKR Partners with LS Group on Electronics, Buys Copper Business
7/27/2017New York City-based private equity firm KKR & Co. announced two agreements with LS Group related to the South Korean conglomerate’s LS Automotive and LS Mtron’s (LSM) businesses.
FCA Posts Record 2Q Profits
7/27/2017Fiat Chrysler Automobiles NV’s net profit zoomed to €1.2 billion ($1.4 billion) in the second quarter from €321 million in the same period last year.
Kia’s Sales, Earning Fall
7/27/2017Kia Motors Corp. reports that its net income for the second quarter dropped 53% to 390 billion won ($350 million). Revenue fell 6% to 13.6 trillion won ($12.2 billion).
Report: BMW Suspends Talks with Daimler on Parts Purchasing
7/27/2017BMW AG has halted talks with Daimler AG about cooperating on parts purchases after the European Commission accused the two companies, along with Volkswagen Group’s Audi and Porsche units, with conspiring to control parts prices, sources tell the Sueddeutsche Zeitung.