Mexican Media Brands
Tata Technologies Buys Sweden’s Escenda Engineering
5/8/2017Tata Technologies Ltd. has agreed to buy Gothenburg, Sweden-based Escenda Engineering AB.
Hyundai Mulls Body-on-Frame Pickup
5/8/2017Hyundai Motor Co. is considering adding a traditional body-on-frame compact pickup truck to its lineup early next decade.
European Demand for Small Minivans Fades
5/8/2017Sales of compact minivans in Europe are likely to shrink below 500,000 units in 2020 from 820,300 in 2016, says Automotive News Europe, citing LMC Automotive.
Ghosn Bets on Mitsubishi to Bolster Alliance Sales in SE Asia
5/8/2017Carlos Ghosn, who chairs the Renault-Nissan alliance, is counting on Mitsubishi Motors, the group’s newest member, to bolster sales in southeast Asia, The Nikkei says.
U.S. Jobless Rate Drops to 10-Year Low
5/8/2017The unemployment rate in the U.S. fell to 4.4% last month, its lowest since May 2007, the Dept. of Labor reports.
France Elects Moderate Macron
5/8/2017France has elected pro-business candidate Emmanuel Macron, the country’s former economy minister, by a 2:1 margin to be its new president for the next five years.
NHTSA Opens Nissan Probe on SUV Brake Problems
5/5/2017The U.S. National Highway Traffic Safety Administration is looking into 58 complaints about sudden brake failures in 2009 model Nissan Murano SUVs.
U.K. Moves Closer to Scrappage Scheme
5/5/2017The British government is expected to finalize a scheme by July 31 that would pay owners as much as £2,000 ($2,600) to scrap old cars and buy cleaner-running new ones, Reuters reports.
VW Targets Profits in U.S., Russia, South America by 2020
5/5/2017Volkswagen AG’s core brand hopes that new products and cost cuts will end its losses in Latin America, Russia and the U.S. by 2020.
U.K. Startup Launches EV Charge-Sharing Business
5/5/2017Chargie Ltd. is launching a service that will enable homeowners to rent out their electrical ports for recharging the batteries of electric and plug-in hybrid vehicles.