Mexican Media Brands
Ford, UAW Reach Tentative Contract Deal
10/31/2019Ford Motor Co. and the United Auto Workers union have reached a tentative agreement on a new four-year contract covering some 55,000 hourly workers in the U.S.
Fed Cuts Interest Rate for 3rd Time in 6 Months
10/31/2019As expected, the Federal Reserve has lowered its benchmark interest rate by one-quarter point to a range of 1.5% to 1.75%.
Hitachi, Honda Merge 4 Partsmaking Units
10/30/2019Hitachi Ltd. and Honda Motor Co. are creating a new company that combines four of their automotive and motorcycle components businesses.
Lyft Readies More Affordable Subscription Service
10/30/2019Lyft Inc. is introducing a revamped subscription service to replace its pricey All-Access Plan that offers discounts and other perks to frequent riders.
FCA, PSA Confirm Merger Talks; Deal Near?
10/30/2019Fiat Chrysler Automobiles NV and PSA Group confirm they are discussing a possible merger. Reports say a deal could be announced on Thursday.
Mopar Moves Forward with 1,000-hp Crate Engine
10/30/2019Fiat Chrysler Automobiles NV’s Mopar unit will begin offering its $30,000 “Hellephant” crate engine by year-end after the program was delayed several months to fix quality problems.
Mahindra Buys Out Peugeot Motorcycles
10/30/2019A European subsidiary of India's Mahindra & Mahindra Ltd. has agreed to buy the remaining 49% of Peugeot Motorcycles it didn’t already own.
GM Expands Senior Management Roles
10/30/2019General Motors Co. is expanding the role of its president and promoting executives in product development and purchasing, effective Nov. 1.
Veoneer Exits Braking JV
10/30/2019Veoneer Inc. has agreed to sell its 51% stake in a brake systems joint venture to partner Nissin-Kogyo Co. and Honda Motor Co. for $176 million.
U.S. Economic Growth Slows to 1.9%
10/30/2019America’s economic growth slowed slightly to an annualized 1.9% in the third quarter from 2% in the previous period. Results were stronger than economists expected but short of the 3% growth target set by President Donald Trump.