Pegaso will be the featured marque at the 2016 Amelia Island Concours d’Elegance, where eight or more of the exotic Spanish sports cars will be displayed. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors reported stronger than expected second-quarter earnings of $1.1 billion for the second quarter of 2015, driven by record profits in North America. More at The Detroit News.
+ Mitsubishi Motors plans to quit building cars at its sole American plant in Normal, IL, according to a report from Japan’s Nikkei news service. More at MSN News.
+ Toyota may table its plans to promote its luxury Lexus brand in China due to the slowdown in the nation’s automobile sector and a weaker Japanese yen. More at Automotive Business Review.
+ The National Highway Traffic Safety Administration is investigating a case in which hackers demonstrated they could remotely operate critical controls on a Jeep Cherokee. More at Autoblog.
+ At Mid-Ohio this weekend, the Verizon IndyCar Series will debut a car-mounted LED system that shows spectators the running positions of cars on the track. More at Racer.
+ Second-quarter net profits at Hyundai Motor plunged 23.8 percent from a year earlier, due to a strong Korean currency and increased competition. More at Yahoo! News.
+ Porsche has won the J.D. Power Automotive Performance, Execution, and Layout (APEAL) consumer survey for the 11th year in a row. More at Motor Trend.
+ The future of Ford’s Wayne, Michigan assembly plant was a key issue as the automaker and the United Auto Workers opened contract talks this week. More at USA Today.
+ The Federal Trade Commission is investigating charges that General Motors dealers promoted used vehicles as “certified pre-owned” despite failing to make required repairs. More at the Detroit Free Press.
+ Formula 1 champion Lewis Hamilton says he is open to the introduction of closed cockpits following the death of driver Jules Bianchi. More at the UK Mirror.
+ Pegaso will be the featured grand marque at next year’s Amelia Island Concours d’Elegance on March 13, 2016. More at Hemmings Daily.
Read the previous Executive Briefing from July 20 here.
Photo courtesy of RM Sotheby’s.