Mexican Media Brands
GM to Cut International HQ Staff by 70%?
5/24/2017General Motors Co. plans to slash the staff of its international operations headquarters in Singapore to about 50 from 180 by the end of 2017, a source tells Reuters.
Aston Martin Posts First-Quarter Profit
5/24/2017Aston Martin Lagonda Ltd. reports a pretax profit for January-March of £6 million ($8 million), its first money-making result for the period in 10 years.
Toyota Hires VW’s Marketing Chief in N. America
5/24/2017Toyota Motor Corp. has hired Vinay Shahani to head its integrated marketing effort in North America, effective June 5.
Mahindra to Hike EV, Battery Production Capacity
5/24/2017Mahindra & Mahindra Ltd. says it will double its output of electric vehicles by mid-summer to 1,000 units per month.
Cutting Test Time for Autonomous Driving Systems
5/24/2017Developers of self-driving cars could cut the cost and test miles needed to confirm the safety of self-driving car systems by 99.9%, say researchers at the University of Michigan.
Geely Confirms Deal to Buy Stake in Malaysia’s Proton
5/24/2017China’s Zhejiang Geely Holding Group Co. confirms reports that it will acquire 49.9% of struggling Malaysian carmaker Proton Holdings Bhd.
April Truck Sales in Europe Fell 7%
5/24/2017Registrations of commercial trucks and buses across Europe fell 7% to 187,900 units in April, mainly because of the timing of this year’s Easter holiday, says trade group ACEA.
VW Shows Two Hybrid Golf Concept Cars
5/24/2017Volkswagen AG has unveiled a pair of concept hybrid-electric variants of its Golf small car at the carmaker's annual GTI tuning festival in Worthesee, Austria.
Toyota, MIT Partner on Bitcoin-type Tech for Vehicles
5/24/2017Toyota Motor Corp. is working with the Massachusetts Institute of Technology’s Media Lab to develop a “blockchain” technology—similar to that used for Bitcoin digital payments—to manage data related to autonomous and connected vehicles and new mobility services.
China Approves EV Venture by VW, JAC Motor
5/24/2017Chinese regulators have approved a plan by Volkswagen AG and Anhui Jianghuai Automobile Group (JAC Motor) to make electric and plug-in hybrid vehicles for the local market.