MCG Executive Briefing for December 1, 2017

This weekend’s Bonhams Bond Street Auction will feature a selection of rare motorcycles, including this 1949 Vincent Black Shadow that could bring up to $160,000. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines: 

+   Major product introductions at the 2018 Los Angeles Auto Show, now in progress, include the 2018 Jeep Wrangler, 2019 Corvette ZR1, and the 2018 Nissan Kicks. More at Motor Trend. 

+   General Motors has laid out a plan to produce and sell self-driving cars in volume and at a profit in 2019, president Dan Ammann told investors in San Francisco. More at The Detroit News. 

+   The next Porsche 911 due in 2019 will likely be available in a plug-in hybrid variant at mid-point in its product cycle, according to Porsche CEO Oliver Blume. More at Automotive News Europe. 

+    Alfa Romeo, a sibling brand to Ferrari, will return to Formula 1 for the first time since 1985 in a partnership with the Swiss-based Sauber team, CEO Sergio Marchionne announced. More at BBC Sports. 

 Peugeot maker PSA Group, which paid General Motors $1.55 billion for Opel, now seeks a 50 percent refund over costs related to emissions engineering and compliance. More at Reuters. 

 NASCAR Hall of Fame car owner and crew chief Bud Moore, who fielded cars for Buck Baker, Joe Weatherly, Dale Earnhardt Sr., and others, has passed away at 92. More at ESPN. 

+   Gary Jones, an accountant and regional director for the United Auto Workers, has been touted to replace the retiring Dennis Williams as the labor union’s president. More at the Detroit Free Press. 

+   Yangfeng US Automotive Interiors, citing a “loss of business,” plans to lay off 345 employees at its Highland Park,, Michigan plant, according to a notice filed with the state. More at Crain’s Detroit Business. 

 This weekend’s Bonhams Bond Street Auction will feature an assortment of rare motorcycles, including a 1949 Vincent Black Shadow that could bring up to $160,000. More at Hemmings Daily. 

 IndyCar has announced that Autodromo Hermanos Rodriguez in Mexico City will not be added to the 2018 schedule, but that talks are continuing for a date in 2019. More at 

Review the previous Executive Briefing from November 27 here. 

Photo courtesy of Bonhams. 

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