Mexican Media Brands
Piech in Talks to Sell Porsche SE Stake
3/17/2017Porsche Automobil Holding SE, which owns a controlling stake in Volkswagen AG, confirms it is in talks with former VW Chairman Ferdinand Piech to sell his 14.7% share in the holding company.
VW, Works Council Reach Accord on Labor Cuts
3/17/2017Bernd Osterloh, Volkswagen AG board member who heads the company’s powerful works council, says his long-running dispute with VW brand chief Herbert Diess about how to cut costs has been settled.
Michigan Chassis Supplier to Build Plant in Czech Republic
3/17/2017Chassix Holding Inc. plans to build a 140,000-sq-ft casting plant in Ostrava, Czech Republic, that will supply aluminum chassis and powertrain parts to carmakers in Europe.
Lithium-Ion Battery Pioneer Turns Focus to Solid State Devices
3/17/2017The co-inventor of the lithium-ion battery, 94-year-old John Goodenough, is developing a new solid-state technology he claims is safer and can generate three times the energy density of current lithium devices.
OPEC May Extend Production Cuts
3/17/2017The Organization of the Petroleum Exporting Countries says it may decide to continue production cuts it says have helped prop up oil prices.
Magna Proposes €1.2 Billion Auto Plant in Slovenia
3/17/2017Magna International Inc. wants to build a €1.2 billion ($1.3 billion) assembly plant in Slovenia that will be able to make as many as 200,000 vehicles per year, Reuters reports, citing a government statement.
Nissan Goes Small with Car-Sharing Program in Japan
3/17/2017Nissan Motor Co. is launching a car-sharing program with its tiny New Mobility neighborhood electric vehicle in Yokohama, Japan.
End of the Line for Lexus GS?
3/17/2017Toyota Motor Corp. may phase out the slow-selling Lexus GS midsize luxury sedan next year.
Toyota Plans $296 Million Update for British Plant
3/17/2017Toyota Motor Corp. will invest £240 million ($296 million) to prepare its factory in Burnaston, England, to build undisclosed models on a next-generation platform.
GM Prepares to Debut Chevy Bolt EV in South Korea
3/17/2017General Motors Co. plans to introduce its all-electric Chevrolet Bolt sedan in South Korea next month at a starting price of 47.8 million won ($42,300).