MCG Executive Briefing for March 22, 2019

All five diesel-powered Cummins Specials that raced in the Indianapolis 500 will be united for the first time at the Speedway this May. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s Headlines:

+   General Motors is set to announce a $300 million investment in its Orion, Michigan assembly plant to produce electric and autonomous vehicles on the Chevy Bolt platform. More at Autoblog. 

+   According to the rumor mill, PSA Group (maker of Peugeot, Citroen, Opel and Vauxhall) is studying a possible merger or partnership with Fiat Chrysler Automobiles. More at CNET Roadshow. 

+   Ford plans to invest $900 million by 2023 in an expansion of its Flat Rock Mustang assembly plant and a second facility in Southeast Michigan for electric vehicles. More at The Detroit News. 

+   Retired IndyCar and NASCAR driver Danica Patrick will return to the Indianapolis 500 this May as a studio analyst for the NBC qualifying and race broadcasts. More at the Indianapolis Star. 

 Questions linger about a group of ex-Earnhardt NASCAR racers sold at Mecum Auctions’ Arizona sale after Dale Earnhardt Jr. and others cast doubt on their authenticity. More at Classic Car.com Journal. 

+   Porsche will award a $11,000 bonus to each of its 25,000 hourly and salaried employees following a 10 percent increase in revenue and a 4 percent increase in sales. More at The Drive. 

+   A new study by GasBuddy has identified the 10 U.S. cities with the most aggressive drivers, with Los Angeles, Philadelphia, Sacramento, and Atlanta leading the pack. More at USA Today. 

+   All five of the Cummins Diesel Specials that raced in the Indianapolis 500 will be united for the first time for a parade lap at the Speedway this May. More at Hemmings Daily. 

+   Ford has named U.S.-based executive Stuart Rowley as president of its European operations, taking over for Steven Armstrong, who becomes chairman. More at Automotive News Europe. 

 Haas Formula 1 team principal Gunther Steiner says the teams need clarity on plans for the championship’s 2021 regulations “or we cannot run our business.” More at Motorsport.com. 

Review the previous Executive Briefing from March 18 here. 

Photo courtesy of Cummins Inc. 

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