MCG Executive Briefing for December 20, 2019

Hagerty’s Bull Market List of fast-appreciating collector cars for 2020 includes the 1996-2002 Dodge Viper GTS. Get all the latest to auto industry news in the Executive Briefing.

 

 

Today’s Headlines:

 With up to $35.3 million in incentives from the state, Ford will invest $1.45 billion in two Southeast Michigan manufacturing plants, adding approximately 3,000 jobs. More at The Detroit News. 

 General Motors will delay the scheduled introduction of its new autonomous vehicle at the 2020 Consumer Electronics Show (CES) in Las Vegas due to the recent strike. More at The Drive. 

+   A Ford dealer in Thousand Oaks, California is asking $169,999 for the 2020 Mustang Shelby GT500, a markup of more than $96,000 over the manufacturer’s list price. More at Autoblog. 

 The motorsports community is mourning the loss of racer and pioneering safety equipment maker Bill Simpson, who passed away at 79 after a stroke. More at Autoweek. 

+   A non-profit working group is being organized to create a 56,000 square-feet museum honoring the Jeep and its history in Toledo, the vehicle’s home town. More at Hemmings Daily. 

+   The National Highway Traffic Safety Administration (NHTSA) has fined Mercedes-Benz USA up to $20 million for violating the government agency’s recall procedures. More at Car and Driver. 

 The House of Representatives approved a new North American trade deal that includes tougher automotive content rules but leaves much of the border trade unchanged. More at Reuters. 

+   As Fiat Chrysler and PSA Group firm up their $50 billion merger, creating the fourth-largest automaker, the new company is expected to quickly catch up in EV and self-driving technology. More at CNBC.

 Hagerty’s 2020 Bull Market List of collector cars on the rise includes the 1990-95 Volkswagen Corrado, 1984-1992 Jeep Cherokee, and 1996-2002 Dodge Viper GTS. More at Hagerty. 

+   Formula 1 organizers reported a total attendance of 4,164,948 in 2019, a 1.75 percent increase over last year, with the British and Mexican events leading the calendar. More at Motorsport.com. 

Review the previous Executive Briefing from December 16 here.

Photo courtesy of Fiat Chrysler Automobiles. 

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2 thoughts on “MCG Executive Briefing for December 20, 2019

  1. FCA has a lot of catching up to do, too. Sergio’s policy was to lag behind and buy commodity technology.

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