Mercedes-Benz boss Dieter Zetsche has conceded victory in the U.S. luxury car sales race to BMW—for 2013, anyway. Get all the latest auto industry news in the Executive Briefing.
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+ As U.S. sales and market share sag, Volkswagen plans to revamp its North American product lineup. More here at The Detroit News.
+ Mercedes-Benz boss Dieter Zetsche has conceded victory in the U.S. luxury car sales race for 2013 to BMW. More here at Bloomberg.com.
+ In China, General Motors outsold market leader Volkswagen for the first six months of 2013, selling 1.58 million vehicles. More here at the Lansing State Journal.
+ Nissan is relaunching the Datsun brand in India with an extremely low-priced hatchback. More here at Reuters.
+ The IndyCar series has placed AJ Foyt Racing driver Takuma Sato on a five-race probation following a pit lane incident at Pocono. More here at ESPN.
+ At $15 Billion, Tesla Motors now has a greater market valuation than Fiat ($7.1 billion) and PSA Peugeot Citroen ($ 2.7 billion). More here at the Detroit Free Press.
+ Ford has vowed to put its troubled European operation back in the black by 2015. More here at The Detroit Bureau.
+ Bill Warner, the world’s fastest rider on a conventional, sit-down motorcycle at 311 mph, was fatally injured in a racing crash at Loring, Maine. More here at Fox Sports.
For the previous Executive Briefing from July 12, click here.
Sorry for the loss of your friend and condolences to his family.