Mexico set to achieve 2.7 percent growth for 2014: Deputy Finance Minister

CAIRNS Australia (Reuters) – The Mexican economy is on track to achieve the government’s growth forecast of 2.7 percent for 2014, deputy finance minister Fernando Aportela said on Saturday. Aportela said the latest data for new jobs, industrial output and automotive production supported the government’s forecast, which some analysts have described as optimistic. “When you look at the indicators of the Mexican economy, they show a recovery that is consistent with the 2. …

Other automakers to challenge Tesla in over-the-air software upgrades

A Tesla Motors logo is shown on a Tesla Model S at a Tesla Motors dealership at Corte Madera Village, an outdoor retail mall, in Corte MaderaBy Bernie Woodall DETROIT (Reuters) – Electric carmaker Tesla Motors Inc on Friday announced it is rolling out a software upgrade over-the-air to its current Model S owners, a unique ability that other automakers are expected to offer within a few years. Tesla, based in Silicon Valley, has completed more than a dozen over-the-air software upgrades since the Model S was first sold in mid-2012, said Egil Juliussen, director of research for automotive electronic technology for IHS Automotive. …


Exclusive: China’s Wanxiang to relaunch Fisker Karma car with 2012 design – sources

To match feature ELECTRICCARS/By Norihiko Shirouzu and Ben Klayman BEIJING/DETROIT (Reuters) – Chinese auto parts producer Wanxiang Group, which bought stylish electric car pioneer Fisker Automotive from bankruptcy, is accelerating the relaunch of Fisker's Karma hybrid luxury car by using a design from the company's last year of production, people close to the companies said. Wanxiang aims to reintroduce by next year Fisker's electric cars, which enjoyed a cult following for their streamlined design among early fans including actor Leonardo DiCaprio and pop star Justin Bieber before the company's demise in 2013. …


U.S. inflation surprisingly weak, Fed keeps low rates pledge

Shoppers carry their purchases along Broadway in New York CityBy Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates. The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs. It was the first decrease since April last year and followed a modest 0.1 percent gain in July. Economists had expected consumer prices would be flat in August. …


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Pioneer to spin off DJ audio unit to KKR in $550 million deal

By Sophie Knight TOKYO (Reuters) – Japan’s Pioneer Corp is to sell its disc-jockeying audio equipment unit to private equity firm KKR & Co LP for around 59 billion yen ($550 million), it said on Tuesday, as it outlined a growth strategy centered on its automotive electronics business. Last week the company said it was also selling its home audio-visual business to audio equipment maker Onkyo Corp . …

German car parts maker ZF Friedrichshafen to buy TRW for $11.7 bn

Fair goers inspect a coupling machine at the ZF Friedrichshafen stand at a commercial vehicles show in Hanover, central Germany, on September 19, 2012Berlin (AFP) – Germany's car parts maker ZF Friedrichshafen is to buy US company TRW Automotive to create a new sector giant, the two firms said Monday, in a deal worth nearly 10 billion euros.