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                          



Links open in new windows

+   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

+   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.

Have you joined Motor City Garage on Facebook? It’s big fun with rare photos, car lore, trivia, and great discussions! Click here to go the page and join MCG!