Based on the fifth-generation European Fiesta, the Ford Figo is one of India’s most popular cars. But now, new vehicle sales in the world’s second-most populated country are slipping due to inflation and high interest rates. See this news and more in the Executive Briefing.
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+ Subaru is recalling 47,000 vehicles from 2010-2013 to correct a remote starter defect that can cause spontaneous engine starting. More here at USA Today.
+ With the proposed New Jersey race now on hold and no viable replacements, the 2013 Formula 1 season is locked in at 19 events. More here at BBC Sport.
+ General Motors will invest $250 million in the CAMI assembly plant in Ingersoll, Ontario, adding 336,000 sq. ft. and flexible body shop tooling. More here at Yahoo! Finance.
+ Auto sales in India fell 26 percent to 158,000 units in February, the biggest drop since December 2000. More here at Bloomberg.
+ The 1940 Ford Coupe of Ron and Deb Cizek won the Ridler Award, hot rodding’s top show prize, at the 2013 Detroit Autorama. More here at Mac’s Motor City Garage.
+ Dish Network Corp. is purchasing 200 propane-powered Ford trucks from Roush CleanTech. More here at MSN News.
+ Joining Daimler, Volkswagen has decided not to use HFO-1234yf, the new air-conditioning refrigerant developed by Honeywell and DuPont. More here at Fox Business.
+ A Chinese developer has entered talks to purchase a stake in the General Motors Building in New York City. More here at Reuters.
For the previous Executive Briefing from March 8, click here.
Could it be that the industry in India follows Europe, not China?
our old buddy Jack Roush has his hands in everything. He’s been working on CNG and LPG for a while now.