Mexican Media Brands
Magna’s First-Quarter Income Climbs 19%
5/12/2017First-quarter pretax and net income for Canadian mega-supplier Magna International Inc. each rose 19%, to US$806 million and $586 million, respectively.
Will Automated Shuttles Handle 95% of U.S. Travel by 2030?
5/12/2017Fully automated electric shuttles will account for 60% of vehicles on the road in the U.S. by 2030—and they will provide 95% of the passenger miles traveled, predicts RethinkX, a year-old U.S. think tank that fosters discussion about technology-driven disruption.
VW Names Compliance Officer for U.S. Unit
5/12/2017Volkswagen Group of America Inc. has appointed former KPMG director Stephanie Davis, 33, as its chief compliance officer, effective immediately.
Car Wholesales in China Drop 4%
5/11/2017Factory sales of passenger vehicles in China fell to 1.72 million units in April from 1.79 million in the same month last year, according to the government-backed China Assn. of Automobile Manufacturers.
Judge Approves VW Compensation Payments for V-6 Diesel Owners
5/11/2017A U.S. federal judge in San Francisco has given final approval to a $1.2 billion plan to compensate some 80,000 consumers who own Volkswagen AG vehicles that are powered by V-6 diesels rigged to evade emission laws.
Nissan’s Income Jumps 27% as Revenue, Operating Profit Slide
5/11/2017Nissan Motor Co. operating profit in the fiscal year ended March 31 declined 6% to 742 billion yen ($6.5 billion), but net income surged 27% to 664 billion yen ($5.8 billion).
2018 Jeep Wrangler to Get Updated Interior
5/11/2017Fiat Chrysler Automobiles NV’s 2018 Jeep Wrangler SUV will feature an upgraded interior with an 8.4-inch touchscreen Uconnect infotainment system, according to multiple media reports.
Cummins Teams with TM4 on Plug-In Hybrid for Large Buses
5/11/2017Cummins Inc. and TM4 Inc. are developing a plug-in hybrid powertrain system for Class 7/8 transit buses that they claim can reduce fuel consumption by more than 50% over current hybrid buses.
Toyota to Use NVIDIA AI Platform for Self-Driving Cars
5/11/2017Nvidia Corp. will provide its DRIVE PX artificial intelligence platform to Toyota Motor Corp. for automated driving systems on future vehicles.
South Korea Plans Test City for Autonomous Vehicles
5/11/2017The South Korean government is investing 11 billion won ($9.7 million) to build an 88-acre testing complex for autonomous vehicles.