MCG Executive Briefing for August 11, 2017

This concours-grade 1961 Ferrari 250 GT SWB Berlinetta is expected to bring $8.5 million to $10 million at the RM Sotheby’s Monterey sale on August 18-19. Get all the latest auto industry news in the Executive Briefing.  

 

 

Today’s headlines:

+   Talks between Volkswagen’s Skoda division and India’s Tata Motors regarding joint development of a car for emerging markets ended when mutual savings could not be found. More at Reuters. 

+   Ferrari management is split on a proposal to revive the 1960s Dino small sports car, fearful that it could dilute the Italian carmaker’s luxury brand. More at Automotive News Europe. 

+   A five-alarm fire at Country Classic Cars, a collector car dealership just off Route 66 in Staunton, Illinois, resulted in the damage or loss of as many as 150 vehicles. More at Hemmings Daily. 

+   Chevrolet has unveiled the Camaro ZL1-styled bodywork it will race in NASCAR Monster Cup beginning in 2018, replaced the current Chevy SS look used since 2013. More at Motorsport.com. 

+   The redesigned 2018 Acura RLX sedan has been revealed in advance of its official introduction next week in Pebble Beach during Monterey Classic Car Week. More at Autoblog.

+   British automaker Lotus reported what it calls a “radical financial turnaround,” finishing the fiscal year with a $2.6 million profit compared to a $21 million loss the year before. More at Motor Trend. 

+   Ford has dispatched five teams of investigators nationwide to help police departments address complaints of exhaust fumes inside their Explorer patrol vehicles. More at the Detroit Free Press. 

+   A selection of 13 Ferrari road cars billed as the Ferrari Performance Collection will be among the headline offerings at the 2017 RM Sotheby’s Monterey sale on August 18-19. More at Sports Car Digest. 

+   Formula 1 CEO Chase Carey says $1 billion in debt has been eliminated as series owner Liberty Media reported its financial results for the second quarter of 2017. More at Autosport.

+   Former Uber CEO Travis Kalanick has been sued for fraud by venture capital firm Benchmark Capital, which seeks to remove him from the company’s board. More at Yahoo! News. 

Review the previous Executive Briefing from August 7 here.  

Photo by Theodore W. Pieper courtesy of RM Sotheby’s. 

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2 thoughts on “MCG Executive Briefing for August 11, 2017

  1. >fearful that it could dilute the Italian carmaker’s luxury brand

    Ferrari SUV? No problem. A lighter, more nimble sports car? BIG problem.

  2. OK, so now Chevy comes up with another fake model to run NASCAR with, a Camaro sedan. I thought they used the Camaro in the under class, used to be Busch series, no idea what it’s called now. Will Ford now stick the Mustang nose on their fake sedan to compete?
    NASCAR is so fake anymore it’s not worth keeping up with. No wonder their attendance keeps falling.

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