Mexican Media Brands
Nokian Tyres Plans Factory in Tennessee
5/3/2017Finish tiremaker Nokian Tyres plc plans to open a $360 million tiremaking plant in Dayton, Tenn., in 2020.
Delphi to Spin Off Powertrain Business
5/3/2017Delphi Automotive says it is spinning off its Powertrain Systems operations into a separate company.
Gentex Expands Toll Payment System Across N. America
5/3/2017Zeeland, Mich.-based Gentex Corp. has begun offering its Integrated Toll Module (ITM) in Canada and Mexico in addition to the U.S., where the system was launched last year.
NuTonomy Adds Peugeot Cars to Self-Driving Car Test Fleet
5/3/2017Autonomous car startup nuTonomy Inc. tells Bloomberg News it will partner with PSA Group to equip several Peugeot 3008 crossover vehicles for self-driving tests in Singapore this autumn.
Dongfeng Motor and First Automobile Works to Merge?
5/3/2017New speculation about a merger of China’s two largest state-owned car companies, Dongfeng Motor Corp. and First Automobile Works Group, has surfaced after the two companies swapped high-level executives last month, The Nikkei says.
Bosch Sells Starter Motor, Generator Unit to Chinese Group
5/3/2017Robert Bosch GmbH has agreed to sell SG Holding, its starter motor and generator business, to China’s Zhengzhou Coal Mining Machinery Group and China Renaissance Capital Investment, Reuters reports.
Panasonic Opens Lithium-Ion Battery Plant in China
5/2/2017Panasonic Corp. has opened a lithium-ion battery cell manufacturing plant in Dalian, China—the company’s first such facility in the country.
U.S. Car Sales Drop 5%
5/2/2017Light-vehicle sales in the U.S. fell to 1.43 million units last month from 1.50 million vehicles in April 2016, Autodata Corp. reports.
More Growth Projected for Smart
5/2/2017Daimler AG’s Smart car unit expects to follow up last year’s record sales with even higher volumes in coming years.
GM to Take $100 Million Writeoff on Venezuelan Business
5/2/2017General Motors Co. says it will book a charge of as much as $100 million after its assembly plant in Valencia, Venezuela, was seized last month.