MCG Executive Briefing for August 9, 2013

With a fourth straight record sales year, Audi of America (R8 Coupe and Spyder shown here) is on pace to top 150,000 units in 2013, says CEO Scott Keogh. Get all the latest auto industry news in the Executive Briefing. 


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+  Closely held parts supplier TI Automotive of Auburn Hills, Michigan, is seeking purchase offers and could bring up to $1.5 billion, sources indicate. More here at

+   Honda is investing another $215 million in its engine, assembly, and technical facilities in Ohio and will build a new heritage center there. More here at The Motley Fool.

+   Audi of America CEO Scott Keogh says the automaker will sell more than 150,000 cars in the USA in 2013, a new record. More here at The Detroit News.

+   ALMS veteran Max Papis will sub for Tony Stewart in the Sprint Cup race at Watkins Glen this weekend, as Stewart prepares for more surgery on the right leg he fractured in a dirt sprint car crash earlier this week. More here at the Sporting News.

+   Tesla Motors shares jumped 18 percent to a record high on Thursday, driven by strong 2Q sales of the Model S sedan. More here at Reuters.

+   General Motors has offered a sneak peak of the new mid-sized Chevrolet Colorado and GMC Canyon pickups due late in 2014. More here at The Detroit Bureau.

+   Canadian Auto Workers president Ken Lewenza will step down as the union prepares for a historic merger with the  Communications, Energy and Paperworkers Union. More here at Canada’s The Globe and Mail.

+   Thanks to improved durability, the average age of the American car has increased to 11.4 years, says a new Polk study. More here at the Detroit Free Press.

+   British racing legend John Coombs, who helped to launch the career of Jackie Stewart and persuaded Jaguar to built the E-Type lightweight, has passed away at 92. More here at Autosport.


For the previous Executive Briefing from August 5, click here. 

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