Mexican Media Brands
Toyota to Debut Lexus Brand in India This Week
3/20/2017Toyota Motor Corp. will officially introduce its Lexus luxury brand in India when it opens its first retail store in Mumbai on Friday.
Peugeot Family Says Opel Deal Will Enable PSA to Expand Worldwide
3/20/2017PSA Group’s purchase of General Motors Co.’s Opel unit will give the French carmaker the European production base it needs to expand globally.
Piech Could Sell Porsche SE Stake by May
3/20/2017Former Volkswagen AG Chairman Ferdinand Piech could sell his €1.1 billion ($1.2 billion) stake in Porsche Automobil Holding SE, the company that controls VW, by the end of May, according to Bild am Sonntag.
U.S. Justice Dept. Challenges Consumer Lending Watchdog Agency
3/20/2017A federal agency set up after the banking crisis to monitor auto loan companies and other lenders in the U.S. has been challenged as unconstitutional by the U.S.
Ford Plans €600 Million Upgrade of Saarlouis Plant in Germany
3/20/2017Ford Motor Co. says it will spend €600 million ($645 million) to upgrade its assembly plant in Saarlouis, Germany, to produce the company’s next-generation Focus small car.
13 Workers in India Sentenced to Life in Prison for Deadly Plant Riot
3/20/2017A court in Gurgaon, India, has levied life sentences against 13 former Maruti-Suzuki India Ltd. workers found guilty of murder in a violent protest nearly five years ago in which a company manager died.
VW’s CEO Included in Office Searches Prosecutors in Audi Probe
3/20/2017Prosecutors in Germany searched the office of Volkswagen CEO Matthias Mueller late last week as part of their investigation into Audi’s role in VW’s diesel emission cheating scandal, Bild am Sonntag reports.
VW Group Sales Slip 1%
3/17/2017Volkswagen AG reports its worldwide sales of cars and commercial vehicles dipped to 686,900 units in February from 693,200 units in the same month last year.
Nissan, Mitsubishi Likely to Share Next-Gen SUVs
3/17/2017Mitsubishi Motors Corp. and new parent Nissan Motor Co. are looking at additional ways to collaborate, including sharing future SUVs and hybrid-electric technology.
VW, D-Wave Take Quantum Leap into Traffic Management
3/17/2017Volkswagen AG is teaming with quantum computing company D-Wave Systems Inc. on a research program that aims to optimize traffic flow management.