MCG Executive Briefing for April 14, 2017

Hammering down for a record $291,500, this 1961 Volkswagen 23-Window Microbus was among the top 10 sellers at the Barrett-Jackson Palm Beach auction. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   Fiat Chrysler’s Maserati division will move its U.S. headquarters to Auburn Hills, Michigan, where it will share space with Alfa Romeo in the former Walter P. Chrysler Museum building. More at The Detroit Press. 

+   Tesla CEO Elon Musk says the electric-car maker will reveal plans for a heavy commercial truck in September and unveil a pickup truck within two years. More at USA Today. 

+   General Motors will add 1,100 jobs over five years and invest $14 million in a new research and development facility at its Cruise Automotive division in San Francisco. More at Reuters. 

+   Two-time Formula 1 champion Fernando Alonso will race in the Indianapolis 500 next month for Andretti Autosport with backing from McLaren, his current Formula 1 team. More at ABC News.

+   Florida-based Trans Am Worldwide has unveiled the 1,000-hp Trans Am 455 Super Duty, to be built on the sixth-gen Camaro Alpha platform and limited to 50 units. More at Motor Trend.

+   Al Amatuzio, who pioneered in the marketing of synthetic motor oils as founder and chairman of Amsoil of Superior, Wisconsin, has passed away at 92. More at Hemmings Daily. 

+   Toyota announced a $1.33 billion investment into its Georgetown, Kentucky assembly plant as part of the automaker’s five-year plan to invest $10 billion in the United States. More at MLive. 

+  The Barrett-Jackson Palm Beach 2017 auction at the South Florida Fairgrounds generated $20.5 million in total sales and a 99.4 percent sell-through rate. More at Sports Car Digest. 

+  Starting in 2019, Volvo will produce its first all-electric auto at a plant in Luqiao, China, which will be based on the company’s CMA architecture and exported globally. More at Automotive News Europe.

+   Team manager Gil Martin and design engineer Michael Coughlan have parted ways with the Richard Childress Racing NASCAR team effective immediately. More at Motorsport.com. 

Review the previous Executive Briefing from April 10 here.

Photo courtesy of Barrett-Jackson. 

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