Automotive News

Carlos Slim's Giant Motors develops electric taxi to reduce pollution in Mexico City
Giant Motors, an automotive startup partially owned by Mexican billionaire Carlos Slim, is working to develop a full-electric taxi to help battle pollution in Mexico City. The company has partnered with electric vehicle maker Moldex, a unit of Mexican bread maker Grupo Bimbo and four Mexican unive...
Hyundai estimates a 20% cost reduction in Mexico
Hyundai Motors Mexico revealed that from 2018 onward it will start in Mexico a new model of commercialization for its vehicles through digital stands, with expectations to increase sales by up to 8% and reducing costs by 20%. The digital stands are giant screens which will be installed in commercial...
Honda investing in Jalisco and Guanajuato
Honda Mexico avouched its trust in the national market and announced that it will continue investing in the plants located at El Salto, Jalisco, and Celaya, Guanajuato. Hiroshi Shimizu, president of Honda Mexico, has clarified that even with the international circumstances, especially the renegotiat...
Monterrey-based Lodi Group acquires US aftermarket parts distributor
The Lodi Group, a Monterrey-based family of auto parts companies, has acquired the assets of ATP Automotive Inc. a Chicago-based company strove to provide aftermarket replacement parts for automatic transmissions. Under new ownership, the company started operations as Automotive Technology Products...
Bosch obtains final approval of diesel vehicle settlement in the U.S.
Bosch announced it has obtained the final approval of a settlement agreement between the company and civil claimants in the United States. The agreement resolves the most substantial part of the civil law proceedings pending against Bosch in connection with Volkswagen, Audi and Porsche diesel vehic...