MCG Executive Briefing for August 12, 2013

This 1938 Delage D8-120 Aerosport with a romantic European history goes on the block this week at Mecum Monterey, where pre-sale estimates range from $2.95 million to $3.5 million. Get all the latest auto industry news in the Executive Briefing. 

 

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+   General Motors is planning to shift production away from its South Korean facilities due to mounting labor costs and union turmoil, sources say. More here at Reuters.

+   Ford Sollers, the joint venture between Ford and Russian automaker Sollers, will reduce production at Sollers’ Vsevolozhsk plant due to reducedn demand for C-class vehicles in Europe. More here at Yahoo! Business Canada.

+  Toyota will unveil its Hybrid-R performance concept with KERS (Kinetic Energy Recovery System)  at the Frankfurt Motor Show next month. More here at Kelly Blue Book.

+   Lotus F1 chairman Gerard Lopez strongly denied reports that the team is in financial trouble. More here at Eurosport Australia.

+  Consignments at the Mecum Monterey Daytime Auctions Aug. 15-17 include a 1938 Delage D8-120 Aerosport Coupe with coachwork by LeTourneur et Marchand. More here at Sports Car Digest.

+   American Honda has launched a national campaign to preserve drive-in theaters, including funding for upgrades to digital movie projectors. More here at Mashable.

+   Passenger car sales in China rose 10.5 percent in July versus the same month last year despite slowing economic growth. More here at The Wall Street Journal.

+   The FIA’s all-new, all-electric Formula E racing series has secured a television deal with Fox Sports for broadcasts in 80 countries next year. More here at Autosport.

 

For the previous Executive Briefing from August 9, click here. 


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