Will Power drove away with the IndyCar season opener at St. Petersburg in his Penske Racing Chevy-Dallara. Get all the latest car biz news in the Executive Briefing. -Photo by LAT/ Russell LaBounty for Chevy Racing
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+ Ford Motor Co. will invest $500 million and add 300 workers at its Lima, OH engine plant to build the 2.7L V6 for the 2015 F-150 pickup. More at the Dayton Daily News.
+ Membership in the United Auto Workers rose for the fourth consecutive year to 391,415 workers, a 2.3 percent increase in 2013. More at Bloomberg.com.
+ Honda and Toyota will collaborate on a fuel-cell vehicle for 2015, with each automaker planning to build 1,000 vehicles per year. More at Automotive Business Review.
+ At the Malaysian Grand Prix, Red Bull driver Daniel Rcciardo was hit with a 10-place grid penalty when his pit crew failed to secure a wheel properly. More at Yahoo! Sport UK.
+ The Lincoln Division is scaling back its free maintenance program for new vehicles from four years and 50,000 miles to two years and 24,000 miles. More at USA Today.
+ Nissan is recalling just over one million vehicles globally, mainly in the USA, to correct a software fault that could deactivate the front passenger airbag. More at CNBC.
+ Ford Motor Co.has awarded chief executive Alan Mulally an 11 percent salary increase in 2013 to $23.2 million. More at CNN Money.
+ Will Power of Penske Racing continued his late-season 2013 winning steak with a victory in the IndyCar season opener in St. Petersburg. More at Racer.
+ Weeks after pulling the Chevrolet brand out of Europe, General Motors has pulled Opel out of China. More at The Detroit Bureau.
For the previous Executive Briefing from March 28, click here.
I still can’t figure out why Ford does what it does with Lincoln. I get the feeling they may not either.
You nailed it. Judging from all the false steps and reversals, they have no idea.