Mexican Media Brands
Dana’s First-Quarter Sales, Income Soar
5/2/2017Dana Inc.’s net income in January-March surged by two-thirds to $75 million. Revenue climbed to $1.7 billion from $1.4 billion in the first quarter of 2016.
Samsung to Test Autonomous Vehicle Tech in S. Korea
5/2/2017Samsung Electronics Co. has been given government permission to test self-driving technologies on public roads in South Korea.
BMW Will Build Flagship EV in Dingolfing
5/2/2017BMW AG says it will begin assembling its upcoming iNext electric car in 2021 at its plant in Dingolfing, Germany.
Renault Readies New Sales, Profit Push
5/2/2017Renault SA Chairman Carlos Ghosn is preparing a new plan to hike sales revenue 37% and raise the company’s operating margin to at least 7% by 2022, notes Automotive News Europe.
First-Quarter Car Sales Rose 11% in India
5/2/2017Demand for passenger vehicles in India grew 11% to 760,000 units in January-March for an annualized sales pace of 3.4 million units, says market analysts LMC Automotive.
Verizon Invests in Self-Driving-Car Software Startup
5/2/2017Telecommunications giant Verizon Communications Inc. has invested an unspecified amount in Renovo Motors Inc., a California startup that’s developing software for self-driving vehicles.
Hyundai Mobis Touts Mild Hybrid System
5/2/2017Hyundai Mobis Co. has developed an integrated 48-volt mild-hybrid system that it plans to launch next year.
TVR Looks to Revive Griffith Nameplate
5/2/2017Britain’s TVR Manufacturing Ltd. has renewed its trademark for the name Griffith, prompting speculation TVR will use the moniker on the all-new model it plans to launch in September.
EU Drops Exhaust System Supplier Probe
5/2/2017The European Union has closed an investigation launched three years ago into possible price fixing among suppliers of vehicle exhaust systems.
GM to Add Second Truckmaking Shift at Oshawa Plant
5/2/2017General Motors Co. plans to add a second truck-building shift at its factory in Oshawa, Ont., a year from now, according to the Globe and Mail.