In response to rising import taxes, Daimler AG reportedly will build a new plant in Brazil capable of building 20,000 Mercedes C-class cars per year. Get all the latest auto industry news in the Executive Briefing.
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+ Toyota reported quarterly sales nearly double those from the same period in 2012, with revenues up nearly 14 percent. More here at the Detroit Free Press.
+ The IndyCar Series announced three new rules changes on tires, restarts, and penalty procedures, effective immediately. More here at National Speed Sport News.
+ Richard Dauch, the veteran General Motors and Chrysler executive who co-founded American Axle, has passed away at 71. More here at Huffpost Detroit.
+ GM will realign its China organization and has appointed former Volvo CEO Stefan Jakoby vice president of its international operations . More here at The Detroit News.
+ Isuzu will use GM diesel engines in its new low-priced pickup truck to be produced in India beginning in 1916. More here at Yahoo! News.
+ American Axle reported $25.8 million in net earnings for 2Q 2013, up from $4.7 million for the same period last year. More here at Crain’s Detroit Business.
+ Daimler AG will build a new Mercedes plant in Brazil capable of producing 20,000 C-class cars per year once it goes online in 2015, sources say. More here at Reuters.
+ Contrary to reports, Ferrari F1 driver Fernando Alonso is not inclined to ditch the team and move to Red Bull, says his manager Flavio Briatore. More here at the UK Daily Mail.
For the previous Executive Briefing from August 2, click here.