MCG Executive Briefing for May 26, 2017

Collector Joe Floyd has donated 17 of his rare vintage Fords, including one of the six stainless-bodied 1936 Tudors, to the Early Ford V-8 Foundation Museum in Auburn, Indiana. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   Raj Nair, formerly chief of product development, has been promoted to President of Ford North America, joining new CEO Jim Hackett, who replaces the outgoing Mark Fields. More at Motor Authority. 

+   According to a study by Bank of America Merrill Lynch, Toyota and General Motors have the best chance to gain market share with the widest range of new models in the next four years. More at The Detroit News.

+   At the Concorso d’Eleganza Villa d’Este on Lake Como, Italy, BMW officially unveiled the reborn 8 Series Coupe, which will be offered with I6, V8, and V12 powerplants. More at Motor Trend. 

+   NASCAR has announced its Hall of Fame inductees for 2018, elected by a 54-member panel: Robert Yates, Red Byron, Ray Evernham, Ken Squier, and Ron Hornaday Jr. More at Fox Sports. 

+   As anticipated, the U.S. Justice Department filed a lawsuit against Fiat Chrysler Automobiles for allegedly building and selling diesel trucks that violated emissions standards. More at USA Today. 

+   Production of the V8, rear-drive Chevrolet SS has officially ended at the General Motors Holden plant in Australia, as a black-on-black stick-shift sedan was the last to roll off the line. More at Autoblog. 

+   Geely of China has acquired majority ownership of famed British sports car maker Lotus, along with a minority stake in its parent company Proton. More at BBC News.

+   Collector Joe Floyd has donated 17 of his vintage Fords to the Early Ford V8 Foundation Museum in Auburn, Indiana, including one of the six stainless-bodied 1936 Tudors.More at Hemmings Daily.

+   The IndyCar series has released digital renderings of its improved 2018 bodywork package, which is “99 percent finished” according to competition president Jay Frye. More at Racer. 

+   Worker injury rates at Tesla’s sole vehicle assembly plant in Fremont, California were 31 percent greater than the auto industry average in 2015, according to a Worksafe study. More at the Detroit Free Press.

+   Jaguar’s Special Operations Division has unveiled the 600-horsepower XE SE V8, which will be offered in a limited run of only 300 units worldwide. More at Automobile. 

Review the previous Executive Briefing from May 22 here.  

Photo courtesy of the Early Ford V-8 Museum. 

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