MCG Executive Briefing for November 13, 2017

This 1952 Jaguar C-Type will be among the headliners at the 2017 RM Sotheby’s New York City auction on December 6, where it is expected to bring $5.5 million to $7 million. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines: 

+   French automaker PSA Group has signed a joint venture with three local partners to produce automobiles in Algeria, with a sales target of 700,000 units in the region by 2021. More at Automotive News Europe.

 The United Auto Workers union was voted down in its bid to represent workers at the Chinese-owned Fuyao Glass plant in Moraine, Ohio, a former General Motors facility. More at The Detroit News. 

+   Grupo Caoa, Hyundai’s local joint-venture partner in Brazil, has acquired 50 percent of Chinese automaker Chery’s Brazilian operations for a reported $60 million. More at Reuters. 

+   At Phoenix, the final four contenders were set for the NASCAR Monster Cup championship round in Homestead: Kyle Busch, Martin Truex Jr., Kevin Harvick, and Brad Keselowski. More at CBS Sports. 

 In Dubai, Chevrolet officially unveiled the 2019 Corvette ZR1 with 755 horsepower, a large rear wing, a top speed of 210 mph, and a release date sometime next spring. More at CNET Road/Show. 

+   Fiat Chrysler Automobiles has begun shipping the 2018 Challenger SRT Demon, its controversial 840-horsepower muscle car, to Dodge dealers in the U.S. and Canada. More at USA Today. 

+   The Mercedes-Benz Sindelfingen plant has launched production of the compact SUV GLA as part of the Innovation Factory pilot project. More at Automotive Business Review. 

+   A 1959 Ferrari 250 GT LWB California Spider Competizione and a 1952 Jaguar C-Type will headline the 2017 RM Sotheby’s New York City auction on December 6. More at Sports Car Digest. 

+   Red Bull motorsport boss Helmut Marko sought to smooth over bumpy relations between the team and engine supplier Renault following a round of finger-pointing in Brazil. More at BBC Sport. 

 Ride-sharing service Uber has signed an investment deal worth $10 billion that reins in the executive authority of embattled and controversial former CEO Travis Kalanick. More at Autoblog.

Review the previous Executive Briefing from November 10 here.

Photo by Ryan Merrill courtesy of RM Sotheby’s. 

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One thought on “MCG Executive Briefing for November 13, 2017

  1. You can buy aluminum bodied C Type replicas with modern components for about 3 mil. Just sayin’. I mean it’s nice having an original and all, but you _are_ going to drive it aren’t you?

    Now that we have that fancy new ZR1, how ’bout sending a stock one to Le Mans to show what a real Corvette can actually do.

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