A rare 1971 ‘Cuda Hemi four-speed convertible hammered down for a record $3.5 million at the Mecum Seattle auction. Get all the latest car biz news in the Executive Briefing.
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+ Chrysler Group LLC has nearly doubled the size of its board, adding key company executives and the former chief financial officer of Philip Morris. More at The Detroit News.
+ Oregon-based Lithia Motors has agreed to acquire DCH Auto Group for $362.5 million, creating one of the largest retail car dealer chains in the USA. More at Reuters.
+ Formula One superstar Michael Schumacher is out of a coma and is no longer in intensive care, his family has confirmed. More at Speed Cafe.com.
+ Automotive parts manufacturer Southtec will invest $23.6 million to expand stamping operations at its Lebanon, Tennessee plant. More at Automotive Business Review.
+ Audi fought to a dramatic 1-2 finish in the 82nd running of the 24 Hours of Le Mans, its 13th overall victory in the event. More at NBC Sports.
+ General Motors has recalled all current-generation Camaros, numbering over 500,000 cars, to correct an ignition switch defect. More at The New York Times.
+ NASCAR Sprint Cup driver Carl Edwards has reportedly turned down an offer to leave Roush Fenway and join Richard Childress Racing in 2015. More at Jayski.
+ A 1971 ‘Cuda 426 Street Hemi four-speed convertible, the only matching-numbers example in existence, sold for a record $3.5 million at the inaugural Mecum Seattle auction. More at Classic Cars.com.
+ Honda’s recall of vehicles equipped with defective airbag inflators manufactured by Takata Corp. could exceed one million units. More at Reuters.
+ Ray Fox, pioneer NASCAR crew chief, team owner and Daytona Beach racing shop operator, has passed away at age 98. More at the Daytona Beach News-Journal.
For the previous Executive Briefing from June 13, click here.