MCG Executive Briefing for June 19, 2017

The unique twin-nose 1936 Lincoln Zephyr from the Barry Weiss collection is expected to bring $70,000-$85,000 at the RM Sotheby’s Santa Monica auction on June 24. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   According to British press reports, Jaguar Land Rover is planning to hire 5,000 additional engineers and technicians in the next 12 months to develop electric and autonomous vehicles. More at the UK Telegraph. 

+   Federal regulators informed Fiat Chrysler Automobiles in November 2015 that they suspected some of the automaker’s vehicles were equipped with improper emissions-defeating software. More at Reuters.

+   General Motors plans to open a new supplier park in Arlington, Texas, which is expected to bring 600 jobs to the United States from overseas. More at The Detroit News. 

+   Aided by a series of heartbreaking setbacks for the Toyota factory team, Porsche scored its third consecutive victory in the 24 Hours of Le Mans. More at USA Today. 

+   Chinese startup CHJ Automotive hopes to introduce an ultra-compact electric car with a swap-out battery module and a price of $7,800 in the spring of 2018, says company founder Kevin Chen. More at CNBC. 

+   Volkswagen has announced the sixth-generation Polo sedan for Europe with larger and more spacious platform and a wide array of exterior packages and performance options. More at Motor Trend. 

+   Amazon.com has reportedly taken early steps to become an online car retailer in Europe, and the internet giant is reportedly considering Britain as its first market. More at MSN Money. 

+   Facing bankruptcy over the biggest product recall in automotive history, Takata Corporation would stop producing airbag inflators under a restructuring plan now under study. More at Reuters. 

+   RM Sotheby’s is expanding its presence on the California auction scene, joining forces with sibling company Auctions America to present the 2017 Santa Monica sale on June 24. More at Sports Car Digest. 

+   The IndyCar series could return to Nashville in 2019 to race on a new temporary circuit laid out around Nissan Stadium, home of the city’s NFL team, the Tennessee Titans. More at Racer. 

Review the previous Executive Briefing from June 16 here.  

Photo courtesy of RM Sotheby’s. 

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