Baseball, hot dogs, apple pie, and Camaro production: It’s moving back to the USA, from the Oshawa, Ontario plant to Lansing, Michigan. Read this news and more in today’s Executive Briefing.
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+ Former Porsche CEO Wendelin Wiedeking and ex-CFO Holger Haerter have been indicted by German authorities for alleged options manipulation in the attempted takeover of Volkswagen AG. More here at Bloomberg.com.
+ The U.S. Treasury will sell its 300 million shares in General Motors over the next 12 to 15 months, with GM set to purchase 200 million of the shares up front. More here at the Detroit Bureau.
+ The Ferrari F1 team will split its design engineering effort into two separate programs for its 2013 and 2014 cars. More here at Total F1.com.
+ GM will move production of the next-gen Camaro (2014-2015) from the Oshawa, Ontario plant to Lansing, Michigan. More here at The Wall Street Journal.
+ Fiat is investing $1.3 Billion in a Melfi, Italy plant where the Fiat 500X and a new subcompact Jeep SUV will be manufactured. More here at The Detroit Free Press.
+ Sal Fish has sold SCORE, the off-road racing sanctioning body, to racer-businessman Roger Norman. More here at Autoweek.
+ Hyundai has announced two separate recalls for the 2012 Veloster for safety defects in the sunroof and parking brake. More here at The Car Connection.
+ Formula Vee racer and area director Lisa Noble has been selected board chairman of the SCCA for 2013. More here at National Speed Sport News.
For the previous Executive Briefing from Dec. 17, click here.
“board chairman of the SCCA for 2013”
There’s a name you don’t hear much from any more. I used to go to dozens of their races in the early Seventies. They would have been smart to sell out to IMSA, ALMS, NASCAR, even Indycar. Why they didn’t revive Trans-Am a few years ago is beyond me.
They, like NASCAR, stuck with Sixties cars and technology for far too long. But they lacked the France family’s promotional abilities.