Mexican Media Brands
Smart Drops Pricing of ForTwo Coupe, Revives Convertible
5/23/2017Daimler AG’s Smart car unit is dropping the price of its ForTwo electric coupe in the U.S. by $1,200 to $24,500.
U.S. Car Brands Will Skip Tokyo Auto Show, Again
5/23/2017General Motors, Ford and Fiat Chrysler Automobiles don’t plan to participate in the 45th Tokyo auto show Oct. 27-Nov. 5, organizers of the biennial event tell reporters.
Mexico Claims Carmakers Want No Change to NAFTA Local Content Rule
5/23/2017The head of Mexico’s auto industry trade group tells Reuters that carmakers in North America agree there should be no change in the North American Free Trade Agreement’s local content standard.
China’s SUV Craze Defies Government’s EV Push
5/22/2017China’s central planners hope to electrify 40% of passenger vehicles sold in the country by 2030. But by then piston-powered SUVs are likely to outsell EVs and hybrids by a factor of five.
Honda Reopens Renovated Desert Proving Ground in California
5/22/2017Honda Motor Co. says it has resumed operations at its updated 3,800-acre warm-weather proving ground in the Mojave Desert near Cantil, Calif.
Subaru to Expand U.S. Dealer Network
5/22/2017Subaru Corp. aims to grow its dealership count in the U.S. by 10% over the next several years, mainly by adding stores in the southern states.
CEO of Faraday Future’s Backer Steps Down
5/22/2017Chinese billionaire Jia Yueting is stepping down as CEO of Leshi Internet Information & Technology Corp. (LeEco), the internet giant that has backed struggling California-based electric car startup Faraday Future Inc.
China Approves EV Venture by VW and JAC Motor
5/22/2017Regulators in China have approved a plan by Volkswagen AG and Anhui Janghuai Automobile Co. (JAC Motors) to make electric cars, according to the two carmakers.
Daimler Breaks Ground for Second EV Battery Factory in Germany
5/22/2017Daimler AG began construction today of a €500 million ($543 million) factory near Dresden to make lithium-ion batteries for electric vehicles.
UPDATE: Ford Dumps Fields, Names Hackett as CEO
5/22/2017Ford Motor Co. has ousted CEO Mark Fields and restructured top management into three major functions to help reverse the company’s sagging profits and dwindling stock price.