William Clay Ford, Sr., the last surviving grandson of company founder Henry Ford and the father of current chairman Bill Ford, Jr., has passed away at 88. Get all the latest auto industry news in the Executive Briefing.
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+ Canada and South Korea are said to be close to achieving a new trade pact, with auto industry issues among the remaining obstacles. More at Bloomberg.com.
+ Rolls-Royce will buy out Daimler AG’s interest in their joint venture manufacturing diesel and gas turbine engines, Rolls-Royce Power Systems. More at Reuters.
+ William Clay Ford, the youngest brother of Henry Ford II, a retired Ford vice chairman, and owner of the Detroit Lions, has passed away at 88. More at The New York Times.
+ IndyCar CEO Mark Miles plans to see Arie Luyendyk’s 1996 track record of 237 mph at the Indianapolis Motor Speedway bested by 2016. More at Racer.
+ Chrysler’s top executives saw their pay reduced in 2013, with Sergio Marchionne’s salary cut from $1.2 million to $307,000. More at The Detroit News.
+ Volkswagen is reportedly considering the introduction of a mid-size pickup truck in its North American lineup. More at the Detroit Free Press.
+ Ford will relocate its F-650 and F-750 truck production from Mexico to Ohio, investing $168 million in its Avon Lake assembly plant. More at Cleveland.com.
+ Chip Ganassi Racing with Felix Sabates has signed 18-year-old driver Dylan Kwasniewski to a NASCAR development contract. More at National Speed Sport News.
For the previous Executive Briefing from March 7, click here.