Mexican Media Brands
India to Tesla: No Local Content Needed for Plant
5/24/2017India’s government says its “Made in India” initiative to lure more foreign direct investment in the country does not require any local sourcing for manufacturers.
Moody’s Cuts China Debt Rating
5/24/2017Moody’s Investor Services has lowered its rating on China’s debt by one notch to A1 on worries about the country’s rising debt and slowing economic growth.
Jury Awards Ex-Calif. Dealer $256 Million from Nissan’s Finance Arm
5/24/2017A jury in Orange County, Calif., has awarded a former Nissan dealer $256 million in damages in his 7-year-old lawsuit against Nissan Motor Acceptance Corp., Automotive News reports.
VW Sold Cheater Diesels Worth €23 Billion in France
5/23/2017France’s anti-fraud agency says Volkswagen AG collected €23 billion ($25.5 billion) in the country by selling cars there that had been rigged to sidestep European emission standards.
Oil Prices Continue Rally on OPEC Production Cut Plans
5/23/2017Oil futures rose again on Tuesday, posting their 11th gain in 13 sessions on trader optimism that new cutbacks in production will prop up petroleum prices.
Report: Geely Agrees to Buy Carmaker Proton
5/23/2017China’s Zhejiang Geely Holding Group Co. is expected to announce on Wednesday it has agreed to buy 49% of struggling Malaysian carmaker Proton Holdings Bhd.
U.S. Sues FCA for Diesel Emission Violations
5/23/2017The U.S. Dept. of Justice has filed a civil lawsuit in Detroit that claims Fiat Chrysler Automobiles NV used illegal software to evade diesel emission limits.
German Investigators Raid Daimler Offices in Diesel Probe
5/23/2017Prosecutors in Germany have searched 11 Daimler AG sites in search of files and evidence in an investigation of possible illegal diesel emission control system manipulation, Reuters reports.
Fields' Downfall at Ford: Weak Strategy
5/23/2017Critics say the downfall of Ford Motor Co. CEO Mark Fields was mainly an inability to focus the company’s push into next-generation options for personal transportation—and sell the vision to Wall Street and his own board.
Subaru Confirms 2021 EV
5/23/2017Subaru Corp. says it will launch its first electric vehicle by 2021, confirming media reports from last year.