MCG Executive Briefing for November 14, 2014

1955 Chrysler 300Among the early consignments for the RM Auctions 2015 Arizona sale in January is this 1955 Chrysler C-300, which will be offered without reserve. Get all the latest car business news in the Executive Briefing.    -RM Auctions photo      

 

 

Today’s headlines: 

+   As part of its spinoff from Fiat Chrysler Automobiles in 2015, Ferrari will transfer $2.8 billion in cash to the parent company. More at Bloomberg.com.

+   From a list of finalists including the Honda Fit, BMW 2 Series, and Ford Mustang, Motor Trend magazine has named the Volkswagen Golf its 2015 Car of the Year. More at Motor Trend. 

+   Ford has unveiled the Everest SUV, a full-size body-on-frame vehicle assembled in Thailand for the Asia Pacific market. More at Drive.com of Australia.

+   Four-time Indianapolis 500 winner A.J. Foyt, 79, is recuperating after successful triple bypass heart surgery in Houston. More at The Indianapolis Star. 

+   According to BMW sales chief Ian Robertson, the sales boom in luxury SUVs and crossovers has largely displaced the sports car category. More at Autoblog.

+   Following protests, General Motors CEO Mary Barra  has declined the Katharine Graham Award from the National Women’s History Museum. More at CNN Money. 

+   Volkswagen AG management has taken steps to introduce United Auto Workers representation at its Chattanooga, Tennessee assembly plant. More at Reuters. 

+   At the RM Auctions Arizona 2015 sale on Jan. 15-16, early offerings include a 1988 Porsche 959 and a 1993 Bugatti EB110 GT. More at Sports Car Digest. 

+   Sauber team principal Monisha Kaltenborn has urged FIA president Jean Todt to step in and address the cost crisis facing the small teams in Formula One. More at Racer. 

For the previous Executive Briefing from November 10, click here. 

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2 thoughts on “MCG Executive Briefing for November 14, 2014

  1. Interesting that the UAW will be granted access to the VW board after LOSING the vote to represent. Strange times we live in.

    • The UAW lost by only 86 votes vs. tremendous outside pressure. VW made clear it will not tolerate right-wing political groups meddling in its affairs.

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