MCG Executive Briefing for November 11, 2016

porsche-patinaOriginal and complete but severely weathered, this 1957 Porsche 356A 1600 Speedster sold for $605,000 at the Auctions America Hilton Head auction. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   Honda is shifting around its North American vehicle production mix and may increase imports from Japan to meet growing demand for SUVs and trucks. More at Reuters. 

+   General Motors will lay off 2,000 workers at the Lordstown, Ohio and Lansing-Grand River, Michigan plants due to a slowdown in sales. More at USA Today. 

+   The Michigan House of Representatives has approved three measures that pave the way for self-driving cars to operate on public roadways. More at The Detroit News. 

+   Jeep will debut two new special editions next week at the 2016 Los Angeles Auto Show: the 2017 Renegade Deserthawk and the 2017 Renegade Altitude. More at Autoblog. 

+  Second-generation IndyCar driver Colin Daly will race the full season in 2017 with AJ Foyt Racing, which is switching from Honda to Chevrolet power. More at

+   The European Commission is asking the UK Government to explain the assurances it gave to Nissan that prompted the carmaker to commit to new production at its Sunderland factory. More at Automotive Business Review. 

+   Automotive seat manufacturer Adient says Detroit is “at the top of our list” for a new headquarters that would house between 500 to 600 employees. More at the Detroit Free Press. 

+   Audi plans to double its global lineup of RS high-performance models from seven to 14 vehicles in the next 18 months, says division chief Stephen Winkleman. More at Motor Trend. 

+   Tripling its pre-sale estimate, a rough but original 1957 Porsche 356A 1600 Speedster sold for $605,000 at the Auctions America Hilton Head auction. More at Hemmings Daily. 

+   Formula 1 driver Sergio Perez has ended an agreement with Hawker, his sunglasses sponsor, after the company tweeted a disparaging comment about Mexicans. More at Racer. 

Review the previous Executive Briefing from November 7 here.

Photo by Teddy Pieper courtesy of Auctions America. 

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