Mexican Media Brands
SEAT Adding Third SUV/Crossover Vehicle
3/24/2017Volkswagen AG’s SEAT unit in Spain says it will add a midsize SUV to its lineup and produce the vehicle at VW’s assembly plant in Wolfsburg, Germany.
VW to Shed 275 Retail Outlets in Europe
3/24/2017Volkswagen AG’s European retail affiliate, Porsche Holding Salzburg, is selling 275 of its sales outlets so it can focus on marketing the VW Group’s own brands.
Car Sales in Thailand Continue to Revive
3/23/2017Car sales in Thailand climbed 20% year on year to 68,400 units in February, the second consecutive month of hefty gains, says the Federation of Thai Industries.
Ford Details Lower Profit Forecast
3/23/2017Ford Motor Co. says in a regulatory filing that its adjusted pretax profit this year is likely to drop to $9 billion from $10.4 billion in 2016, largely because of increased spending on such emerging mobility technologies as autonomous driving systems.
Buick to Add EV and Plug-In Hybrids in China
3/23/2017General Motors Co. says its Buick brand will offer several new powertrain technologies on new and refreshed models in China this year, and it plans to launch unspecified all-electric and plug-in hybrid vehicles there by the end of the decade.
Truck Sales Growth Slows to 3% in Europe
3/23/2017Registrations of new commercial vehicles across Europe rose to 170,700 units in February from 148,600 units in the same period last year, trade group ACEA reports.
Swiss Firm Targets Superfast Acceleration for New EV
3/23/2017Classic Factory SA is developing an all-electric supercar that the company claims will rocket from zero to 100 kph (62 mph) in less than 2.3 seconds, which would make it one of the fastest cars in the world.
Car Production in U.K. Jumps to 17-Year High
3/23/2017Strong demand for exports pushed new-car production in the U.K. 8% to a 17-year high of 153,000 units in February, according to the Society of Motor Manufacturers and Traders.
Chery Files Complaint Over Mercedes’ Use of “EQ” for EV Brand
3/23/2017Chery Automobile Co. is seeking to block Daimler AG from using “EQ” in China to identify its upcoming line of electric vehicles, Reuters reports.
Geely Drops Proton Bid
3/23/2017Zhejiang Geely Holding Group Co. has withdrawn its bid to purchase Malaysia’s struggling Proton Holdings Bhd, Geely President An Conghui tells South China Morning Post.