MCG Executive Briefing for March 14, 2014

Natalie Wood 300SLThis 1957 Merecedes-Benz 300SL roadster originally owned by actress Natalie Wood sold for $1.84 million at the RM Auctions Amelia Island sale. Get all the latest car biz news in the Executive Briefing.    -RM Auctions photo                          

 

 

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+   General Motors is now the target of multiple agency and congressional investigations over management of its ongoing ignition system recall. More at ABC News.

+   Five workers at VW’s Tennessee plant have filed a federal lawsuit charging collusion between the United Auto Workers and VW. More at The Detroit News.

+   NRG eVgo announced it has agreements in place to install 200 fast-charging Freedom Station charging sites throughout California. More at Automotive Business Review.

+   The New Jersey Motor Vehicle Commission has blocked Tesla Motors’ direct sales program, potentially shuttering its two dealerships in the state. More at Bloomberg.com.

+   The IndyCar series is expected to announce today a ten-year, multi-million dollar deal signing Verizon Communications as season title sponsor. More at the Indianapolis Star.

+   The Peugeot family supports the nomination of Louis Gallois, former French state railway executive, as chairman of PSA Peugeot Citroen. More at Reuters.

+   As the company posts record profits, Toyota will offer its first wage increases in Japan since 2008. More at the Detroit Free Press.

+   The RM Auctions Amelia Island Concours sale last weekend posted nearly $36 million in sales and a 97 percent sell-though rate. More at Sports Car Digest.

+   Injured and comatose Formula 1 legend Michael Schumacher has been showing “small, encouraging signs” in his recovery, his family says. More at BBC News Europe.

For the previous Executive Briefing from March 10, click here.

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