Mexican Media Brands
Geely Doubles Profits on SUV Sales
3/22/2017Geely Automobile Holdings Ltd. says its net profit last year more than doubled to 5.1 billion yuan ($741 million) as strong demand for the company’s SUVs produced a 78% surge in revenue.
Formula E Racing Series Announces 9 Constructors for Future Seasons
3/22/2017The Federation Internationale de l’Automobile (FIA) has approved nine constructor teams under new homologation rules for future seasons of its Formula E electric vehicle race series.
No Plans for VW-Branded Budget Car in India
3/22/2017Volkswagen AG tells reporters it has no immediate plans to market a VW-branded minicar in India.
London “Black Cab” Company Begins EV Production
3/22/2017The maker of London’s iconic black taxis has launched production in Coventry of a range-extended all-electric model it expects to market in England and overseas.
Audi Board to Discuss Diesel Scandal Raids, CEO’s Conduct
3/22/2017Audi AG’s supervisor board plans to meet on March 29 to question senior managers about last week’s diesel scandal-related raids by prosecutors of the company’s offices and factories, sources tell Reuters.
Why Do Tesla Owners Shrug Off Quality Problems?
3/22/2017Buyers who are spending $100,000 or more for a Tesla Model S or Model X electric car aren’t deterred from quality glitches that would have a “dramatically negative effect” on conventional luxury brands, according to market researchers J.D. Power.
VW Eyes 2020 Deadline for EVs
3/22/2017Volkswagen AG tells analysts in Germany it must introduce its first purpose-built electric car by 2020 to meet impending carbon dioxide emission targets in Europe and China.
Report Says Hedge Fund Didn’t Buy Stake in Hyundai
3/22/2017New York City-based hedge fund Elliott Management Corp. has not acquired equity in Hyundai Motor Co., a source tells Reuters.
France Opens Probe into Alleged FCA Diesel Emission Violations
3/21/2017A prosecutor in Paris has opened an investigation into allegations that Fiat Chrysler Automobiles NV manipulated diesel emission tests on some of its vehicles.
Inflation in U.K. Jumps to 2.3%
3/21/2017The annualized inflation rate in the U.K. surged to 2.3% last month from 1.8% in January, the Office for National Statistics reports.