This Model T lakes roadster built by hot rod pioneer Barney Navarro will be among the star attractions at this weekend’s Race of Gentlemen West. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Toyota Motor Corporation announced it will hire 1,000 additional staff workers for its new U.S. headquarters in Plano, Texas set to open in mid-2017. More at Fortune.
+ Indian automaking conglomerate Mahindra Group, currently valued at $18 billion, may reduce its ownership stakes in subsidiary units to raise cash and increase shareholder return. More at Bloomberg.com.
+ Rumors suggest the next-generation Toyota Supra will feature a Le Mans-inspired hybrid drivetrain with two electric motors and a twin-clutch gearbox. More at Motor Trend.
+ Partnership talks between Samsung Electronics and the Magneti Marelli unit of Fiat Chrysler Automobiles have stalled due to Samsung’s Galaxy Note 7 smartphone crisis. More at Automotive News Europe.
+ NASCAR has released its 2017 car rules, which include additional energy-absorbing cockpit material and roof exit hatches at superspeedway events. More at Motorsport.
+ Bucking an industry trend, General Motors will offer a diesel version of the Chevrolet Cruze hatchback in both stick and automatic versions. More at The Detroit News.
+ Honda will increase production of its latest generation CR-V sport utility vehicle, shifting assembly from Mexico to its plants in Ontario, Ohio, and Indiana. More at Reuters.
+ Veteran American Can-Am and Trans-Am driver, Tony Adamowicz, known to generations of racing fans as Tony AtoZ, has succumbed to brain cancer at 75. More at Dailysportscar.
+ Glass supplier AGC Automotive Americas will move its offices to Farmington Hills, Michigan with a grant from the Michigan Economic Development Corporation. More at the Detroit Free Press.
+ A.J. Foyt Racing will switch its two-car IndyCar operation from Honda to Chevrolet engines for 2017 and beyond with drivers yet to be announced. More at Racer.
+ A Ford Model T lakes roadster built by speed equipment pioneer Barney Navarro will be among the star attractions at the Race of Gentlemen West on October 15-16. More at Hemmings Daily.
Review the previous Executive Briefing from October 10 here.
Photo courtesy of the Race of Gentlemen.
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