MCG Executive Briefing for November 10, 2017

At $1.67 million, this ex-Jo Siffert 1925 Bugatti Type 35 was the top sale at Artcurial Motorcars’ Automobiles sur les Champs auction in Paris. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines: 

 Renault Nissan boss Carlos Ghosn says that private car ownership will thrive despite the growth of ride-sharing services and autonomous driving technology. More at Bloomberg.com. 

+   Honda warned it cannot afford the 10 percent tariff that would be imposed on its British-built cars if Britain had to return to World Trade Organization rules after Brexit. More at Automotive News Europe. 

 Arjay Miller, one of the original Ford Whiz Kids who rose to the presidency of the company and later became dean of the Stanford Graduate School of Business, has died at 101. More at The Drive. 

 Retired NASCAR star Tony Stewart, 46, says he is considering a return to the driver’s seat in the Xfinity series to compete in the road course events. More at Yahoo! Sports. 

 A new study by the University of Michigan found that gasoline-powered vehicles need to average 55.4 mpg to match the greenhouse emissions of electrics. More at the Detroit Free Press. 

 Daimler has unveiled the Saf-T-Liner C2, a battery-powered school bus with a capacity of 81 students and a range of 100 miles, which will be offered in America in 2018. More at CNet Road/Show. 

+   As sedan production declines, Hyundai may build Tucson and Kona sport utility vehicles and its upcoming Santa Cruz pickup truck at its U.S. plant in Montgomery, Alabama. More at Reuters. 

 A heavily camouflaged prototype of the 2019 Jeep pickup, based on the next-generation Wrangler, was captured by an enthusiast photographer on the road in Michigan. More at Motor Trend. 

 Toyota plans to use reductions in production costs to finance increased investments in research and development, which are expected to reach a record $9.3 billion. More at The Detroit News. 

+   Artcurial Motorcars’ Automobiles sur les Champs auction posted $6.68 million in total sales with a 75 percent sell-through rate, led by blue-chip European classics. More at Classic Cars.com Journal. 

 In response to criticism from Ferrari boss Sergio Marchionne, Formula 1 CEO Chase Carey says the series has no desire to emulate NASCAR with its 2021 rules formula.  More at Motorsport.com. 

Review the previous Executive Briefing from November 6 here.

Photo courtesy of Artcurial Motorcars. 

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