MCG Executive Briefing for June 5, 2015

1964 Ferrari 250LMThis 1964 Ferrari 250LM is one of a select group of 30 collector cars to be offered at the RM Sotheby’s Monterey sale August 13-15. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   Fiat Chrysler Automobiles CEO Sergio Marchionne is delaying more than a dozen new vehicle introductions while the company searches for a merger partner, sources report. More at Reuters.

+   Honda will gain market share; Nissan and the Korean makers could slip, and the Detroit three will hold their own over the next four years, according to the Car Wars report from Bank of America Merrill Lynch. More at the Detroit Free Press. 

+   Bryan Nesbitt, who designed the PT Cruiser at Chrysler before moving to General Motors in 2001, has been appointed global head of design at Buick. More at Automotive News. 

+   The National Highway Traffic Safety Administration has mandated electronic stability control (ESC) systems for all heavy trucks and buses in two years. More at Motor Trend.

+   NASCAR drivers Trevor Bayne and Jennifer Jo Cobb were fined and placed on probation after each walked on the track during competition in separate incidents last weekend at Dover. More at USA Today. 

+   General Motors sales in China declined for the second straight month with 252,567 vehicles sold in May, down 4 percent from May 2014. More at The Detroit News. 

+   Storied British automaker TVR has announced a comeback for 2017 with a new vehicle design by Gordon Murray and a Cosworth-developed V8. More at Automobile. 

+   The Volkswagen Group has named Stefan Sielaff to serve as design chief at Bentley, replacing the departing  Luc Donckerwolke. More at Autoblog. 

+   For its 2015 Monterey auction in August, RM Sotheby’s will offer “The Pinnacle Portfoloio,” a group of 30 exceptional collectible and contemporary sports cars. More at Sports Car Digest.

+   Chevrolet IndyCar program manager Chris Berube warned there is no magic fix for cars becoming airborne in crashes, as occurred at Indianapolis in May. More at Racer. 

Photo by Patrick Ernzen courtesy of RM Sotheby’s. 

Read the previous Executive Briefing from June 1 here. 

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2 thoughts on “MCG Executive Briefing for June 5, 2015

  1. Nesbitt did NOT design the PT Cruiser. Ken Carlsen did, but the PR hacks couldn’t have an old guy with white hair design anything young & hip so He got a couple of sketches with his name on it after the fact! You can’t believe PR or Lutz.

  2. Apparently Chrysler doesn’t make enough to prop Fiat up AND build new products, so let’s strip & flip- it has worked so well before!

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