MCG Executive Briefing for July 6, 2015

1934-Rolls-Royce-Phantom-II-Once owned by Tyrone Power, this 1934 Rolls-Royce Phantom II could bring $2 million at the Gooding & Company Pebble Beach sale. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   At the Coke Zero 400 in Daytona, five spectators were injured when Austin Dillon’s race car became airborne and struck the catch fencing on the front stretch. More at USA Today. 

+   Fiat Chrysler boss Sergio Marchionne says he expects the automaker’s Ferrari division to be worth “at least” $11 billion in an initial public offering scheduled this year. More at 

+   The Ford Mustang won the ponycar sales crown in June at 11,719 units, followed by the Chevrolet Camaro with 8,611 and the Dodge Challenger with 6,845 units sold. More at Autoblog. 

+   Seeking improved sales in India, General Motors has added two key leadership positions there, appointing Kaher Kazem chief operating officer and Hardeep Singh Brar vice president of sales. More at The Detroit News. 

+   Mercedes Formula 1 boss Niki Lauda has dismissed rumors that Red Bull Racing could receive a Mercedes engine deal with backing from Aston Martin. More at Fox Sports. 

+   Volvo Cars’ parts manufacturing plant in Floby, Sweden has been acquired by the Amtek Group, a global auto supplier based in India. More at the Business Standard.

+   Uber is suspending its UberPOP low-cost ride-hailing service in France in response to escalating legal disputes and increasing tensions with traditional French taxi drivers. More at the BBC. 

+   The assets of troubled motorcycle maker Erik Buell Racing, now in receivership and facing $20 million in debt, will be auctioned off in a single lot on August 21. More at Autoevolution. 

+   The International Speedway Corporation, NASCAR’s parent company, has announced plans to install an additional 54,000 linear feet of SAFER barriers, popularly known as soft walls, at its racing facilities. More at National Speed Sport News. 

+   Gooding & Company has added a full slate of exceptional British cars to its offerings at its 2015 Pebble Beach auction on Aug. 15-16. More at Sports Car Digest.

Read the previous Executive Briefing from July 3 here. 

Photo courtesy of Gooding and Company. 

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