MCG Executive Briefing for November 25, 2013

The Energy Department will lose $139 million of its investment in bankrupt Fisker Automotive, producer of the Fisker Karma plug-in hybrid sedan. Get all the latest auto industry news in the Executive Briefing. 

 

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+   At the request of potential investor Dongfeng, PSA Peugeot Citroen is searching for a new CEO to replace Philippe Varin, sources say. More at Reuters.

+   Tesla Motors CEO Elon Musk says he is confident the Model S will be exonerated in government investigations of three recent fires. More at the San Francisco Chronicle.

+   As part of a management overhaul, Nissan has promoted Fred Diaz to senior vice president of sales and marketing for North America. More at Reuters.

+   Ex-McLaren F1 driver Sergio Perez is among the candidates to take over Dario Franchitti’s Indy car seat at Team Target Ganassi Racing. More at Racer

+   The private equity group that owns Tomkins PLC seeks a $7 billion buyer for the London-based global auto parts manufacturer. More at The Globe and Mail.

+   Honda Motor Co. has adopted English as its official language for international business meetings, says.John Mendel, executive vice president  More at Bloomberg.com.

+   The U.S. Department of Energy says it will lose $139 million on a loan to failed electric car maker Fisker Automotive. More at USA Today.

+   Four-time F1 champion Sebastian Vettel closed out his historic 2013 season with a record ninth straight win at the finale in Brazil. More at BBC Sport.

For the previous Executive Briefing from November 22, click here.

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