MCG Executive Briefing for December 15, 2014

Ferrari LMOriginally raced by Switzerland’s storied Scuderia Filipinetti, this 1964 Ferrari 250 LM is expected to fetch more than $9.5 million at the RM Auctions Arizona 2015 sale next month. Get all the latest auto industry news in the Executive Briefing.

 

 

Today’s headlines: 

+   The United Auto Workers will press the Detroit automakers to eliminate the two-tier wage system when contract negotiations open next year. More at The Detroit News.

+   After nine months in the the position, former Apple executive Veronica Wu has abruptly resigned as the head of the Tesla Motors unit in China. More at The Economic Times. 

+   In the annual color study by PPG Automotive Coatings, white is once again the most popular new vehicle color, followed by black, gray, and silver. More at Motor Trend. 

+   William Kennard, former U.S. ambassador to the European Union, has been elected to the Ford board of directors, replacing Homer Neal. More at the Detroit Free Press. 

+   Ex-Formula One star David Coulthard won the 2014 Race of Champions in Barbados, defeating Mercedes reserve driver Pascal Wehrlein in the final. More at ESPN.

+   Banco Santander SA, Spain’s largest bank, may acquire the shares of its subprime auto lending division in the U.S.A., Santander Consumer. More at Bloomberg.com. 

+   Volvo Cars in Sweden is developing a three-cylinder inline Drive-E gasoline engine as a production sibling to the the Drive-E four. More at Automotive Business Review. 

+   Chrysler Group is expanding its U.S. recall of cars and trucks with defective Takata passenger-side air bags, adding another 208,783 vehicles. More at Reuters.

+   Veteran NASCAR crew chief Todd Parrott has joined Richard Childress Racing to lead the team’s XFinity Series (formerly Nationwide) program. More at The Sporting News. 

+   The RM Auctions Arizona 2015 sale will feature 21 vintage Ferraris, including an ex-Scuderia Fillipinetti 1964 Ferrari 250 LM that could break the $10 million mark. More at Sports Car Digest. 

For the previous Executive Briefing from December 12, click here. 

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