Mexican Media Brands
Fitch Raises VW Debt Rating to “Stable”
6/28/2017Fitch Ratings has raised its outlook for Volkswagen AG debt to “stable” from “negative” after concluding that risks associated with the carmaker’s diesel emission cheating scandal now appear to be clearly defined.
Ford Recalls 402,500 Transit Vans
6/28/2017Ford Motor Co. is recalling 402,500 of its 2015 model Transit vans and buses in North America to replace a driveshaft joint that could break.
China Moves to Prune Its Lineup of EV Makers
6/28/2017China's central government is launching a new certification procedure for electric-car makers in a bid to weed out startups that lack relevant technical prowess or research capabilities, the Financial Times reports.
Takata Shares Plunge to 31 Cents
6/28/2017Shares in Takata Corp. sagged as low as 35 yen (31 cents) in morning trading on the Tokyo Stock Exchange today, two days after the company filed for bankruptcy protection in the U.S. and Japan.
Front-End Module Supplier HBPO Expands in N. America
6/27/2017Germany’s HBPO GmbH plans to open two more plants in Mexico by the end of 2018 and is increasing production at several other North American facilities as demand for the company’s front-end modules grows.
German Government Forms Diesel Group to Study Emissions
6/27/2017Germany’s ministries of transport and environment are launching a government-industry forum to study ways of lowering exhaust emissions from diesel engines.
SEAT Readies 6 New and Redesigned Models
6/27/2017Volkswagen AG’s SEAT brand plans to launch three all-new vehicles and three redesigned models by 2020.
Schaeffler Trims Outlook on Higher Costs for Materials, Research
6/27/2017Bearings supplier Schaeffler Group has lowered its outlook for 2017, citing rising prices for steel and a surge in the cost of doing prototype work related to electrified powertrains.
Apple Leases Hertz Cars for Autonomous Vehicle Testing
6/27/2017Apple Inc. is leasing vehicles from Hertz Global Holdings Inc. to equip for tests of the company's technologies for self-driving vehicles, Bloomberg News reports.
VW Brand Offers Early Retirement for Managers
6/27/2017Volkswagen AG’s VW unit hopes to make its management structure “younger and slimmer” by offering early retirement packages to executives who are between 57 and 62 years old.