MCG Executive Briefing for October 26, 2015

1967-Ferrari-330-GTC3Finished in Rosso Corso and tan leather, this gorgeous 1967 330 GTC is one of several choice vintage Ferraris already consigned to the Mecum Auctions 2016 Kissimmee Sale in January. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   Volkswagen has suspended its head of powertrain electronics, Hanno Jelden, on suspicion of playing a key role in rigging its diesel software to cheat emissions tests. More at Bild am Sonntag (in German).

+   General Motors and the United Auto Workers agreed to a tentative labor agreement on late Sunday, minutes before a union-imposed midnight deadline. More at The Detroit News. 

+   Automotive supplier BorgWarner has completed a 46,000 square-feet expansion of its Auburn Hills, Michigan technical center, adding 180 employees. More at the Detroit Free Press. 

+   Lewis Hamilton of Mercedes won the U.S. Grand Prix at the Circuit of the Americas in Austin, Texas to seal his third Formula 1 World Championship. More at BBC Sport. 

+   A study from the AAA Foundation for Traffic safety reports that drivers can be distracted for up to 27 seconds after using voice commands to operate phone, text, and radio systems. More at Motor Trend. 

+   Southfield, Michigan automotive supplier Lear Corporation reported improved earnings of $181 million in the third quarter on production increases in North America and Europe. More at Crain’s Detroit Business. 

+   Maserati North America is recalling some 2014 Quattroporte GTS V8 sedans to correct improperly installed electrical cables that could cause a fire. More at Bloomberg.com.

+   The Motorsport Safety Foundation reports that counterfeit safety harnesses bearing the Sabelt, Sparco and Takata labels have been sold on eBay and Facebook by a Welsh vendor. More at Racer.

+   General Motors will cut one of two shifts at its Orion Township, Michigan Assembly Plant due to sluggish sales of the Chevrolet Sonic and Buick Verano compact sedans. More at The Detroit News. 

+   In the second knockout round of the NASCAR Sprint Cup Chase, four drivers were eliminated Sunday, leaving eight drivers in title contention: Joey Logano, Carl Edwards, Jeff Gordon, Brad Keselowski, Kurt Busch, Martin Truex Jr., Kevin Harvick, and Kyle Busch. More at USA Today. 

+   The 2016 Mecum Kissimmee auction on January 15-24 at the 60-acre Osceola Heritage Park in Florida is expected to draw more than 3,000 collector cars. More at Sports Car Digest.

Read the previous Executive Briefing from October 23 here. 

Photo by David Newhardt courtesy of  Mecum Auctions. 

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3 thoughts on “MCG Executive Briefing for October 26, 2015

  1. I doubt if responsibility for the VW diesel scandal will end with the head of engine electronics. This is going to lead to the company’s executive committee.

  2. I think it is confined to VW. At least for diesels. All others make you use a urea additive; I think some of the other VWs with the same engine also do. VW wanted to kick Toyota out of the leader spot in worldwide sales and a diesel with lower maintenace costs can get them there. BMW, Mercedes and the other diesel alternatives charge a lot more for their cars so they could specnd more on engineering and expect owners to pay more for maintenance.

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