MCG Executive Briefing for November 3, 2014

Ferrari 275 LFPre-auction estimates range from $2.4 million to $3.2 million for this alloy-bodied 1965 Ferrari 275 GTB to be offered at the Bonhams Bond Street sale this month. Get all the latest auto industry news in the Executive Briefing.

 

 

Today’s headlines: 

+   Daimler AG has announced it will purchase a 25 percent stake in the storied Italian motorcycle manufacturer MV Agusta, founded in 1945. More at Reuters. 

+   The National Highway Traffic Safety Administration has levied a $3.5 million fine against Ferrari for failing to report potential safety issues. More at MLive.com. 

+   Jaguar Land Rover has opened its new $800 million engine plant near Wolverhampton, England, where it expects to employ 1400 workers on three assembly lines. More at Autocar.

+   Jim Sauter, Midwestern stock car legend and father of NASCAR drivers Jim, Tim, and Jay Sauter, has passed away at 71. More at the Milwaukee Journal-Sentinel. 

+   Detroit-based American Axle & Manufacturing reported $48.6 million in earnings in 3Q 2014, a 53.8 percent gain over the same period last year. More at The Detroit News. 

+   Drivers Jeff Gordon and Brad Keselowski were involved in a post-race scuffle following Sunday’s NASCAR Sprint Cup race at Texas Motor Speedway. More at ESPN. 

+   Aston Martin has been granted a temporary exemption from federal side impact standards, permitting the current Vantage and DB9 models to be sold in the United States. More at Autoblog.

+   A Ferrari 275 GTB Longnose Berlinetta is among 35 select vehicles that will go under the hammer at the Bonhams Bond Street auction Nov. 30. More at Sports Car Digest.

+   Chevrolet has confirmed that 2015 will be the final model year for the current fifth-generation Camaro, unveiling a Commemorative Edition at the SEMA trade show in Las Vegas. More at AutoGuide.

+   Formula One boss Bernie Ecclestone accepted blame for the financial troubles faced by the sport’s smaller teams, saying, “There is too much money being distributed badly, probably my fault.” More at BBC Sport. 

For the previous Executive Briefing from October 27, click here. 

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