MCG Executive Briefing for March 7, 2014

1964-Ford-GT40-PrototypeThis 1964 Ford GT, the fourth example built, goes under the hammer April 10-12 at the Mecum Auctions Houston sale. Get all the latest car biz news in the Executive Briefing.       -David Newhardt photo for Mecum Auctions

 

Links open in new windows

+   General Motors plans to build a $162 million stamping plant near its Grand River plant in Lansing, Michigan. More at the Lansing State Journal.

+   Ford Motor Co. has awarded CEO Alan Mulally $13.8 million in stock as reward for the company’s performance in 2013. More at The Detroit News.

+   Chrysler has ordered 93 early-production first-gen Vipers destroyed due to liability issues with the trade schools that currently house them. More at the Chicago Tribune.

+   Kurt Busch has officially signed to do the Memorial weekend double, driving in both the NASCAR World 600 and the Indianapolis 500. More at Sportng News.

+   A 1964 Ford GT40 prototype, the second oldest in existence, is among the featured cars at the Mecum Auctions Houston sale on April 10-12. More at Sports Car Digest.

+   Schostak Brothers & Company, a local real estate firm, has purchased the former General Motors engine plant in Livonia. More at the Detroit Free Press.

+   Weak sales of the Dodge Dart have prompted 325 temporary layoffs at Chrysler’s Belvidere, IL assembly plant. More at Reuters.

+   Long Beach City Council has delayed a decision to drop the IndyCar series at the Long Beach Grand Prix and replace it with a Formula One date. More at Racer.

 For the previous Executive Briefing from March 3, 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!