This 1951 Land Rover Series I will be among the “Best of British” vehicles offered at the Classic Car Auctions sale on March 23-24 in Birmingham, England. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Fiat Chrysler Automobiles will invest $4.5 billion to convert its Mack Avenue engine complex in Detroit into an assembly plant for trucks and SUVs, adding 6,500 jobs. More at Crain’s Detroit Business.
+ As promised in 2016 when the Tesla Model 3 was first announced, a version priced at $35,000 (plus destination charge) with a range of 220 miles has been introduced. More at Motor Trend.
+ PSA Group managing board chairman Carlos Tavares confirmed that the French automaker will return to the U.S market by 2026 with the 208 year-old Peugeot brand. More at Motor 1.
+ Indianapolis Motor Speedway officials have revised the Indianapolis 500 qualifying procedure as the Bump Day session was moved from Saturday to Sunday, May 19. More at Racer.
+ Two executive vice presidents at General Motors, Alan Batey and Alicia Boler Davis, are leaving the automaker, setting off a round of executive reshuffling. More at The Detroit News.
+ Honda reports that its electric-powered E prototype coupe is “95 percent” production-ready and will make an appearance at the Geneva Motor Show this coming week. More at Autoblog.
+ New lawyers for deposed Nissan-Renault chairman Carlos Ghosn have filed a third application for bail as his incarceration on fraud charges stretched past 100 days. More at Automotive News Europe.
+ Land Rover and Rolls-Royce will be featured at the Classic Car Auctions sale at the Practical Classics Classic Car and Restoration Show in Birmingham, England. More at Classic Cars.com Journal.
+ According to the most recent Experian study, auto loan delinquencies are on the rise, while the average monthly new car payment has risen to a record $545. More at CNBC.
+ Joe Gibbs Racing, driver Kyle Busch, and candymaker Mars Inc. have renewed their partnership in NASCAR Monster Cup with a multi-year agreement. More at Sporting News.
Review the previous Executive Briefing from February 25 here.
Photo courtesy of Classic Car Auctions.
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