Mack, proud maker of heavy-duty trucks since 1907, has announced a $26 million modernization plan for its Macungie, Pennsylvania assembly plant. Get all the latest auto industry news in the Executive Briefing.
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+ Aston’s Martin’s limited-production Lagonda four-door will appear later this year with 600 hp V12 power, sources in Britain are reporting. More at Motor Trend.
+ A former head of corporate quality audits at General Motors, William McAleer, warned the company’s board in a 2002 letter of serious safety issues. More at Business Insider.
+ A used-car market study by iSeeCars.com found that yellow and orange exterior colors maintain the greatest resale value, while black, gray, and silver perform the worst. More at Autoblog.com.
+ Honda, Nissan, and Mazda are recalling nearly three million vehicles worldwide to repair defects in their Takata-manufactured airbag systems. More at The Detroit Bureau.
+ Formula One managers have agreed to changes in technical regulations for next year in an effort to eliminate the unattractive noses of the current race cars. More at Racer.
+ The National Highway Safety Traffic Administration is investigating reports of exhaust leaks into the cabins of 2011-2014 Ford Explorers. More at Reuters.
+ Mack Trucks has announced plans to invest $26 million in the renovation of its Lehigh Valley, Pennsylvania assembly plant. More at Automotive Business Review.
+ Signaling a potential market shift, RM Auctions will offer three vintage Japanese sports cars—a Mazda Cosmo, a Nissan Skyline 2000GT-R, and a Toyota 2000GT—at its Monterey sale in August. More at Hemmings Daily.
+ NASCAR president Mike Helton says there are no plans to add a road course date to the Sprint Cup Chase schedule in 2015 or beyond. More at the Sporting News.
For the previous Executive Briefing from June 20, click here.