MCG Executive Briefing for Feb. 11, 2013

The London Taxi Company, just acquired by Chinese automaker Geely, will soon resume production at its Coventry, England plant, management says, saving 107 jobs. Read this news and more in today’s Executive Briefing. 

 

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+   Ally Financial, formerly known as GMAC, says it will finish paying off its $14.6 Billion in government TARP loans in 2014. More here at Businessweek. 

+   Fourth-quarter earnings at Michigan-based American Axle leaped from $31 Million to $320 Million, thanks to increased vehicle production and a hefty tax break. More here at Yahoo! News.   

+   The London Cab Company’s new owner, Chinese automaker Geely, says it will resume production of the iconic TX4 cab in a matter of weeks. More here at The Daily Telegraph. 

+   The Erebus Motorsport Mercedes team with drivers Alex Roloff, Bernd Schneider, and Thomas Jaeger won the Bathurst 12 Hour. More here at Speedcafe.com. 

+   Ford will offer up to $750,000 in matching funds to each of its 3,100 U.S. dealers to upgrade their retail facilities. More here at Reuters. 

+   A Chrysler executive says the Alfa Romeo brand will eventually outsell Fiat in the United States. More here at the Chicago Tribune. 

+   Cadillac will unveil a redesigned CTS sedan at the New York Auto Show next month and a revamped Escalade SUV this fall. More here at The Detroit News. 

+   Former F1 driver Nelson Piquet Jr. will race the entire NASCAR Nationwide season in a Camaro for Turner Scott Motorsports in 2013. More here at the Sporting News. 

For the previous Executive Briefing from Feb. 8, click here.

 

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