MCG Executive Briefing for August 4, 2014

??????????????????????????????The season-long drought is over. Scott Dixon came from last to first at Mid-Ohio to score Target Chip Ganassi Racing’s first IndyCar victory of 2014. Get all the latest auto industry news in the Executive Briefing.   -Photo by Michael L. Levitt/LAT for Chevy Racing    



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+   At least 69 workers were killed and more than 180 were injured in an explosion at the Kunshan Zhongrong Metal Products auto parts plant in Kunshang, China. More at 

+   As expected, Fiat investors have voted to approve the automaker’s formal merger into Fiat Chrysler Automobiles, incorporated in the Netherlands. More at CNBC.

+   Daimler AG has joined VW’s Audi brand in reducing prices on replacement parts 15 percent in response to a government investigation in China. More at The Detroit News. 

+   With a five-year, $250 million deal, Albert Park in Melbourne is locked in as the home of Formula One’s Australian Grand Prix through 2020. More at the Herald Sun of Melbourne.  

+   Shares of Mobileye NV, an Israeli maker of automotive camera safety systems, soared 48 percent on the stock’s first day of trading. More at Wall Street Journal Market Watch.

 +   Sen. Claire McKaskill (D-MO) has introduced a highway bill with stiff criminal penalties for auto executives guilty of safety code violations. More at the Detroit Free Press. 

+   Following a drop in operating profits, Volkswagen AG has replaced production chief Michael Macht, overseer of the MQB platform, with Thomas Ulbrich. More at Reuters. 

+   The 1927 Bugatti Type 35 owned by model, dancer, and female Grand Prix driver Hellé Nice will be offered at the Gooding & Co. Pebble Beach auction. More at Hemmings Daily. 

+   Scott Dixon started last at the Honda Indy 200 but finished first, scoring his fifth career IndyCar victory on the storied Mid-Ohio road course. More at USA Today.  

For the previous Executive Briefing from August 1, click here.

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