MCG Executive Briefing for June 12. 2015

1969 COPO Camaro greenAt $155,000, this Rallye Green 1969 Camaro COPO with 427/425 big block V8 was a top 10 seller at the Mecum Auctions Seattle sale. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   It’s now official: The Ford Motor Company will return to competition in the historic 24 Hours of Le Mans next year with the 2016 Ford GT. More at Fox Sports. 

+   Johnson Controls, a key parts supplier to the auto industry with numerous manufacturing plants in Michigan, is planning to divest its auto business. More at The Detroit News. 

+   Toyota Motor Corp. has broken ground on a $126 million expansion of its Technical Center in Ann Arbor, Michigan, to be finished in late 2016. More at Crain’s Detroit Business. 

+   Honda has introduced the RC-213V-S, a street-legal production version of its MotoGP bike sporting a list price of $184,000. More at Cycle World. 

+   Ferrari driver Kimi Raikkonen says Formula 1 needs to become “a little more dangerous” for the series to attract a large audience. More at Yahoo! Sport UK. 

+   Volkswagen group sales chief Christian Klingler, seen as an ally of ousted chairman Ferdinand Piech, could lose his job in a coming reorganization. More at Reuters. 

+   Sachin Lawande has been appointed president and CEO of Van Buren Township-based parts maker Visteon, succeeding Timothy Leuliette. More at the Detroit Free Press. 

+   Fiat Chrysler Automobiles will unveil the next-generation Fiat 500 on July 4, replacing the current model introduced in 2007. More at Motor Trend. 

+   Top sellers at last weekend’s Mecum Auctions Seattle sale included a 1970 Dodge Hemi Challenger R/T SE at $185,000 and a 1999 Lamborghini Diablo Roadster that brought $170,000. More at Hemmings Daily. 

+   Rep. Markwayne Mullin (R-OK) and Rep. Gene Green (D-TX) have introduced House legislation to ease regulations for low volume car manufacturers. More at Autoblog. 

Photo by David Newhardt courtesy of Mecum Auctions. 

Read the previous Executive Briefing from June 8 here. 

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