Cadillac will introduce a new rear-drive sedan one step larger than the current XTS, says GM CEO Dan Akerson. Get this and all the latest auto industry news in the Executive Briefing.
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+ Embattled Daimler AG chief executive Dieter Zetsche has purchased another $1.51 million (22,000 shares) in company stock. More here at Reuters.
+ Toyota has cut prices and boosted incentives on the industry-leading Camry to fight off a 2 percent sales decline in 2003. More here at The Detroit News.
+ Go Eleven Kawasaki rider Andrea Antonelli was killed in a multi-bike crash in the rain at a World Supersport race in Moscow. More here at Cycle News.
+ Ford may badge the first run of its next-generation Mustang as a 2014 1/2 model. More here at The Detroit Bureau.
+ Within two years, Cadillac will launch a new rear-drive sedan one size larger than the current XTS, says GM CEO Dan Akerson. More here at the Detroit Free Press.
+ Japan-based Toray Industries has purchased a stake in Plasan Carbon Composites of Wixom, Michigan, a key 2014 Corvette supplier. More here at Plastics News.
+ A federal judge has approved a $1.6 billion settlement in a class-action suit against Toyota alleging sudden unintended acceleration. More here at The New York Times.
+ Paul Candies, one half of the famed Candies and Hughes Top Fuel and Funny Car team, passed away Sunday from an apparent heart attack. More here at NHRA.com.
For the previous Executive Briefing from July 19, click here.