At $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.
+ 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.