Following major renovations, GM’s Bowling Green, Kentucky assembly plant will resume Corvette production on November 6, but plant tours will not resume until 2019. Gt all the latest auto industry news in the Executive Briefing.

Today’s headlines: 

+   Battery-powered cars will make up about half of the global automotive market by 2030, according to a new study by the Boston Consulting Group. More at Bloomberg.com. 

+   As promised in 2015, The French government has reduced its ownership in carmaker Renault to 15 percent with the sale of $1.5 billion in shares. More at Automotive News Europe. 

+   Tesla shares tumbled this week as the company reported that production volume for the mid-priced Model 3 sedan fell well behind target due to “bottlenecks.” More at Investor’s Business Daily. 

+   Peter W. Schutz, the German-American former CEO at Porsche who is credited with turning the company around and saving the 911, has passed away at 87. More at Autoblog. 

+   Ferrari boss Sergio Marchionne has threatened to pull the carmaker out of Formula 1 over a proposed 2021 engine formula, which has been dubbed “global NASCAR.” More at Motorsport.com. 

+   Michigan-based auto supplier Lear Corporation will build a new $30 million plant in Hammond, Indiana that will consolidate its Hammond and and Portage operations. More at The Detroit News. 

+   At the SEMA show in Las Vegas, Hennessey Specialty Vehicles unveiled the Venom F5, a twin-turbo mid-engine 1,600-horsepower GT with a $1.6 million price tag. More at Motor Trend. 

+   North American orders for Class 8 semi-trucks more than doubled in October compared with the same period in 2016, and analysts expect the boom to continue. More at Reuters. 

+   An FBI probe into crooked dealings with training funds between union and company executives has expanded from Fiat Chrysler Automobiles to Ford and General Motors. More at the Detroit Free Press. 

+   Following a $500 million renovation, GM’s Bowling Green, Kentucky assembly plant will resume Corvette production on November 6, but plant tours will not resume until 2019. More at Hemmings Daily. 

+   Fiat Chrysler Automobiles has teased out more photography of the 2018 Jeep Wrangler in advance of the official reveal at the Los Angeles Auto Show on November 29. More at USA Today.  

+   Hendrick Motorsports has named veteran crew chief Darian Grubb to lead the no. 24 Chevrolet team of driver William Byron, who makes his NASCAR Cup debut in 2018. More at Jayski.

Review the previous Executive Briefing from October 30 here.

Photo courtesy of General Motors. 

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