Two drivers got important breaks this week. Kyle Larson, 20, will start his first NASCAR Nationwide Series race at Daytona, and AJ Allmendinger will get a second chance with a test in a Roger Penske Indy car.
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+ Following a Chapter 11 bankruptcy filing in December, Detroit auto supplier Revstone Industries and its chairman George Hofmeister face a growing tangle of financial accusations. More here at Crain’s Detroit Business.
+ At the Chicago Auto Show, Chevrolet unveiled a diesel version of the Cruze, the first diesel-powered passenger car in America for General Motors since 1986. More here at CBS Money Watch.
+ Chrysler’s Ram truck brand has a new full-sized commercial van based on the Fiat Ducato, which will be marketed in America as the Ram ProMaster for 2014. More here at Autoblog.
+ Kyle Larson will run the entire 2013 NASCAR Nationwide schedule starting next week at Daytona. More here at ESPN.
+ The Flint East GM-Delphi plant, which currently makes instrument clusters for Chevrolet and GMC pickups, will close in November, affecting nearly 300 employees. More here at The Detroit News.
+ PSA Peugeot Citroen has taken a $5.53 Billion writedown in assets as the European auto market contracts. More here at Bloomberg.com.
+ Daimler has forecast flat earnings in 2013 due to weak sales in Europe and struggles in China. More here at Reuters.
+ AJ Allmendinger, who was released from his Penske Sprint Cup ride last year after failing a NASCAR drug test, will test a Penske Indy car at Sebring Feb. 14 with an eye toward running the Indy 500 in May. More here at SI.com.
For the previous Executive Briefing from Feb. 4, click here.
It’s great to see AJ getting another chance in IndyCars. The Captain has a big heart, which many people don’t appreciate. Thanks, Roger!