Mexican Media Brands
Piech’s Brother Gains Blocking Stake in Porsche SE
4/7/2017Former Volkswagen AG Chairman Ferdinand Piech has sold most of his 14.7% stake in the holding company that controls VW to his younger brother Hans-Michel Piech, the Frankfurter Allgemeine Zeitung reports.
Qoros, Koenigsegg to Unveil “Super EV” Concept in Shanghai
4/7/2017China’s Qoros Automotive Co. is partnering with Sweden’s Koenigsegg AB on a concept electric vehicle that the two carmakers will introduce later this month at the Shanghai auto show.
Hyundai, Kia Launch New Recall for Engine Stalling Problem
4/7/2017Hyundai Motor Co. and its Kia Motors affiliate are planning to recall as many as 1.3 million cars in South Korea and the U.S. to fix an engine stalling issue, the Yonhap news service reports.
China’s JAC Begins Car Assembly in Mexico
4/7/2017Jianghuai Automobile Co. has begun assembling small crossovers in Hidalgo, Mexico, from kits imported from China.
Ex-FBI Director to Manage $1 Billion Takata Airbag Fund
4/7/2017Former FBI Director Robert Mueller is expected to manage a nearly $1 billion Takata Corp. fund to compensate the company’s carmaker customers and those injured by its exploding airbag inflators.
China’s SAIC Buys GM Factory in India
4/7/2017SAIC Motor Corp. has finalized a deal to buy a General Motors Co. assembly plant in Halol, India, The Economic Times reports.
American Axle Completes Metaldyne Acquisition
4/6/2017American Axle & Manufacturing Holdings Inc. has finalized its $3.3 billion purchase of Southfield, Mich.-based Metaldyne Performance Group Inc. from New York City-based American Securities LLC.
VW Partners with Beijing Tech Company on AI for Cars
4/6/2017Volkswagen AG and Beijing-based startup Mobvoi have formed a joint venture to develop artificial intelligence for next-generation VW vehicles.
Opel Will Supply Buick Models to GM for Sale in U.S.
4/6/2017Two of the Opel factories being sold by General Motors Co. to PSA Group will supply upcoming Buick-branded models for sale in the U.S.
At Least 9 Brands Drop Frankfurt Auto Show
4/6/2017At least nine automotive brands have opted not to participate in this September’s auto show in Frankfurt, Automotive News reports.