Mexican Media Brands
SMMT: No-Deal Brexit Could Kill Auto Industry
7/26/2019The British auto industry faces an “existential threat” if the U.K. crashes out of the European Union without a new trade deal, warns the Society of Motor Manufacturers and Traders.
Nissan Drops Rogue Hybrid
7/26/2019Nissan Motor Co. is discontinuing the hybrid-electric version of the Rogue compact crossover vehicle in the U.S. after just three years on the market.
U.S. Economic Growth Slows to 2.1%
7/26/2019The American economy expanded by 2.1% in the second quarter of 2019, down from 3.1% in the first quarter and 3.5% in the same quarter last year, the U.S. Dept. of Commerce says.
Caddy XT5 Gets Midcycle Update
7/26/2019General Motors Co. is freshening the Cadillac XT5 midsize crossover vehicle with styling updates and a new engine option.
Bentley: No Plans for 2nd SUV, Bentayga Fastback
7/26/2019Volkswagen AG’s Bentley brand isn’t developing a “baby” SUV or a coupe-like fastback variant of its Bentayga SUV/crossover vehicle.
Ex-Hyundai/Kia Execs Indicted for Recall Delay
7/26/2019Prosecutors in Seoul have indicted a trio of former executives at Hyundai Motor Co. and its Kia Motors affiliate for delaying recalls in South Korea to fix known engine defects.
Renault Cuts Outlook as Sales Drop
7/26/2019Renault SA has lowered its revenue forecast for 2019 to flat after sales in the first half of the year shrank 7% to 1.94 million vehicles.
Chinese Carmakers Cut Sales Forecast
7/26/2019The China Assn. of Automobile Manufacturers, which had predicted flat wholesales of cars in the country this year, now says factory shipments will drop 5% to 26.68 million units.
Michelin Sales Up, Earnings Down
7/26/2019Michelin & Cie. reports its revenue in the first half of 2018 climbed 11% to €11.9 billion ($13.1 billion), thanks to favorable exchange rates, a richer sales mix gains in sales to the mining industry.
ECB Ponders Rate Cut As Europe’s Outlook Slides
7/25/2019The European Central Bank agreed to hold interest rates steady today. But President Mario Draghi hints at a future cut because the outlook for Europe’s economy “is getting worse and worse.”