MCG Executive Briefing for May 8, 2017

A collection of four special Chevrolet Corvettes, including this 1964 coupe customized for the New York World’s Fair, has been donated to the Buffalo Transportation Pierce-Arrow Museum. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   Niti Aayog, India’s most influential planning body, has recommended incentives on electric vehicles and sales caps on conventional cars, a dramatic policy shift. More at Automotive News Europe

+   Volkswagen brand board member Arno Antlitz has cast doubts on the future of the Beetle and Scirocco hatchback, hinting that the current models may be the last. More at Motor Trend. 

+   Jenson Button says he is excited to be returning to drive for McLaren at the Monaco Grand Prix as a substitute for Fernando Alonso but would not return to Formula 1 for a full season. More at Racer. 

+   Prospects from across Mexico flooded an employment fair hosted by Tesla, Inc. in the city of Monterrey, where the company was seeking engineers in 15 specialties. More at Reuters.

+   For the 14th time since 1978, the Chevrolet Corvette has been appointed to serve as the pace car for the Indianapolis 500, with a white Grand Sport coupe performing the duties this year. More at Automobile. 

+   Ford Motor Co. has laid off 130 workers at its plant in Avon Lake, Ohio, where the automaker moved medium-duty truck production from Mexico in 2015. More at Bloomberg.com. 

+   General Motors reported it will take a $100 million charge against future earnings after its manufacturing plant in Valencia, Venezuela was seized without warning. More at the Detroit Free Press. 

+   A collection of four Chevrolet Corvettes, all with historic ties to New York, has been donated to the Buffalo Transportation Pierce-Arrow Museum by the Yager Family Collection. More at Hemmings Daily. 

+   Delphi Automotive is will spin off its Powertrain Systems division into a publicly traded company that will focus on technology for electrically powered and self-driving vehicles. More at Automotive Business Review. 

+   Team Penske and driver Joey Logano were severely penalized after their race-winning car at Richmond was found to have illegal rear axle mounts and shims. More at National Speed Sport News

Review the previous Executive Briefing from May 5 here.

Photo courtesy of the Yager Family Collection. 

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One thought on “MCG Executive Briefing for May 8, 2017

  1. It wasn’t that long ago VW was touting Beetle as a separate brand ala Mini.

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