MCG Executive Briefing for July 10, 2017

This 1956 Aston Martin DB1, the first to be offered at public auction, is expected to bring more than $20 million at the 2017 RM Sotheby’s Monterey sale on August 18-19. Get all the latest auto industry news in the Executive Briefing. 

 

 

 

Today’s headlines:

+   U.S. new vehicle sales will reach a seasonally adjusted annualized rate (SAAR) of 17.1 million units in 2017, down from 17.55 million in 2916, according to a NADA report. More at CNBC. 

+   Car magazine of Great Britain reports that Ferrari is developing a crossover SUV with an aluminum chassis, V8 hybrid drivetrain, and all-wheel drive for introduction in 2020. More at Car. 

+   Volvo’s decision to electrify all future powertrains from 2019 on could mean more business for Canada-based Magna International, a specialist in the field. More at Automotive News Europe. 

+   Rumors have Penske Racing driver Helio Castroneves, 42, moving from his current IndyCar seat to the team’s new IMSA sports car entry at the end of 2017. More at Racer. 

+   The first production Tesla 3 sedan has rolled off the assembly line in Fremont, California, as the automaker prepares for the first deliveries on July 28. More at Reuters. 

+   Former Audi executive Zaccheo Giovanni Pamio has been charged with conspiracy in federal court for his role in the Volkswagen AG diesel emissions scandal. More at The Detroit News. 

+   A leaked dealer ordering manual for the 2018 Ford Mustang reveals a Carbon Sport Interior Package with the code C68 that includes a carbon fiber dash panel. More at Autoblog. 

+   The first 1956 DB1 sports racer produced will be among four classic racing Aston Martins offered the 2017 RM Sotheby’s Monterey sale on August 18-19. More at Sports Car Digest. 

+   NASCAR driver Matt Kenseth, 45, says he doesn’t expect to retain his current Toyota ride at Joe Gibbs Racing after this season, with his slot expected to be taken by Erik Jones. More at ESPN. 

+   The French government’s ecology minister, Nicolas Hulot, announced that the nation intends to phase out all gasoline and diesel passenger cars by the year 2040. More at MLive. 

Review the previous Executive Briefing from July 7 here.  

Photo by Tim Scott Fluid Images courtesy of RM Sotheby’s. 

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One thought on “MCG Executive Briefing for July 10, 2017

  1. It appears Magna made an excellent strategic decision in not becoming an automaker itself several years ago. They can take in the profits while others take the risks.

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