MCG Executive Briefing for April 3, 2015

Mustang Gardner prototypeVince Gardner’s famed 1965 Mustang two-seater prototype brought $511,500 at the Auctions America Fort Lauderdale sale. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   A Georgia jury has awarded $150 million to the family of a four-year-old killed in a 1999 Jeep Cherokee fire, finding Fiat Chrysler Automobiles responsible for nearly all the damages. More at The Detroit News. 

+   In a $1.1 billion deal, Ford’s joint venture with Chongqing Changan Automobile Co. Ltd. will take over and upgrade an assembly plant in northeast China. More at Reuters. 

+   Introduced at the New York Auto Show earlier this week, the Cadillac CT6 sedan is expected to appear in a hybrid version at the Shanghai Auto Show. More at Autoblog. 

+   Richard Childress Racing will appeal severe penalties lodged against the team’s no. 31 Chevrolet driven by Ryan Newman for illegal tire modifications. More at NBC Sports. 

+   Fiat Chrysler Automobiles has promoted Ralph Gilles, 45, to the position of chief of global design, replacing the retiring Lorenzo Ramaciotti. More at the Detroit Free Press. 

+   The former McLouth Steel plant in Gibraltar, Michigan, just south of Detroit, is set to reopen after the Wayne County Commission approved a $56 million brownfield plan for the 42.5-acre facility. More at the Southgate News-Herald. 

+   Last week’s Auctions America Fort Lauderdale 2015 collector car sale produced over $21 million in sales and a 76% sell-through rate. More at Sports Car Digest.  

+   Andretti Autosport and sponsor TE Connectivity have inked a deal to run the Indy 500 with 26 year-old female IndyCar veteran Simona de Silvestro. More at Racer. 

For the previous Executive Briefing from March 30, click here. 

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One thought on “MCG Executive Briefing for April 3, 2015

  1. This car was in the Detroit Autorama. It has a different presence when closer to eye level. It is a neat idea & great fun to see. Probably not as successful as the production fastback. It may have been a throwback to the 2 seat T Bird idea, as well. Hope it shows up at more events & not disappear into some storage building.

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