MCG Executive Briefing for March 21, 2016

Hupp CometThis year’s Pebble Beach Concours will feature a category for the so-called Junk Formula cars that competed in the Indy 500 from 1930-1937, like this 1932 Snowberger Hupp Comet. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines: 

+   Ford president and CEO Mark Fields earned $18.57 million in total compensation in 2015, down slightly from the $18.9 million he received in 2014. More at MLive. 

+   The American Center for Mobility, a proposed 335-acre proving grounds for autonomous vehicles at the former Willow Run bomber plant, has appointed a chairman and board of directors. More at The Detroit News.  

+   The current Ford Mustang has been selected as a game token in Monopoly Empire, a deluxe brand-trading edition of the classic Monopoly board game. More at CNET.

+   Two key Volkswagen executives were told in an internal meeting on Aug. 24, 2015 that the carmaker could face penalties of more than $20 billion for the use of illegal software, Der Spiegel reported. More at Reuters. 

+   At the season-opening Australian Grand Prix, Formula 1 bosses unanimously agreed to scrap a confusing new qualifying procedure before the next event in Bahrain in April. More at BBC Sport. 

+   More testing is scheduled in the Alden Village neighborhood adjacent to the Ford transmission plant in Livonia, Michigan, after vinyl chloride, a carcinogen, was discovered in the groundwater. More at the Detroit Free Press. 

+   Uber drivers in London are facing stricter guidelines from the transportation authority as chauffeured-car services steal clients from the city’s iconic black cabs. More at Bloomberg.com. 

+   In late April, Honda will begin production of the 2017 Acura NSX sports car at its new Performance Manufacturing Center in Marysville, Ohio. More at Autoblog.com.

+   With a victory in the Auto Club 400 at California Speedway this past weekend, Jimmie Johnson passed Dale Earnhardt Sr. on the all-time NASCAR win list with 77. More at USA Today. 

+   The Pebble Beach Concours d’Elegance on August 21 will feature a category for production-based, so-called Junk Formula cars that competed in the Indianapolis 500 from 1930 to 1937. More at Hemmings Daily. 

Read the previous Executive Briefing from March 18 here.

Photo by Bill McGuire for Mac’s Motor City Garage. 

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