MCG Executive Briefing for December 14, 2015

1938--Coddington-V12-HemiBoyd Coddington’s last build before he passed away in 2008, the 1938 Coddington V12 Hemi is among the stars of next month’s 2016 Barrett-Jackson Scottsdale auction. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   Dow and Dupont, two major suppliers to the auto industry, have agreed to merge and then split into three more efficiently focused operations. More at the Wall Street Journal. 

+   Ford Motor Co. is launching a new Uber-like app and shuttle service to help its employees travel around its offices and facilities throughout the Dearborn, Michigan area. More at The Detroit News. 

+   Investors remain uneasy with a peace settlement reached between Renault-Nissan management and the company’s key shareholder, the French government. More at Reuters. 

+   Nissan North America confirmed it has discontinued its factory support in IMSA’s Continental Tire SportsCar Challenge, including its 370Z program with Doran Racing. More at Racer. 

+   China-backed electric car startup Faraday Future has selected Southern Nevada as the site for the site of its $1 billion assembly plant that will reportedly employ 4,500 workers. More at USA Today. 

+   Yoshi Shimoida, Nissan’s EV and HEV engineering manager, says the company will unveil a battery electric vehicle with a range extended engine in 2016. More at Autoblog.

+   Led by Tata Motors, share prices in Indian automakers fell sharply after the country’s top environmental court temporarily barred the registration of diesel vehicles. More at Bloomberg.com. 

+   Subaru’s American division has broken ground on its new $118 million, 250,000 sq.-ft. headquarters in Knights Crossing, New Jersey. More at Automotive Business Review. 

+   Conor Daly, son of former driver Derek Daly, has picked up a full-season IndyCar ride for 2016 at Dale Coyne Racing with backing from Jonathan Byrd’s. More at Fox Sports. 

+   Consignments to the 2016 Barrett-Jackson Scottsdale auction include a 1939 Mercedes-Benz 540K Cabriolet A and the last custom rod constructed by Boyd Coddington. More at Sports Car Digest. 

+   NASCAR team boss, TV presenter, and car collector Ray Evernham has been named Grand Marshall of the 2016 Elegance at Hershey. More at Hemmings Daily. 

Read the previous Executive Briefing from December 11 here. 

Photo courtesy of Barrett-Jackson. 

Have you joined Motor City Garage on Facebook? It’s big fun with rare photos, car lore, trivia, and great discussions. Click here to go the page and join MCG