MCG Executive Briefing for June 16, 2014

1971 Hemi CudaA 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. 



Links open in new windows

+   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

+   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

+   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.

Have you joined Motor City Garage on Facebook? It’s big fun with rare photos, car lore, trivia, and great discussions! Click here to go the page and join MCG!

4 thoughts on “MCG Executive Briefing for June 16, 2014

  1. Not much good news today(unless you own a Hemi Cuda convertible).

    Even the news on Schumacher isn’t much to celebrate. If he was in better shape than the news from a couple months ago, I’m sure there would have been a more upbeat statement.

    • Exactly. I believe folks realize that if it were possible, there would be a photo of Schu looking into the camera and giving the thumbs-up sign.

  2. Have I missed something? $3.5m for a Cuda? Sorry but I am about 100% less on it than that. And I suspect a very bad investment too. The market will drop on these cars. Here in Oz we had million dollar Falcon GTs that currently would struggle to make half of that.

Comments are closed.