MCG Executive Briefing for September 11, 2015

171-1929-Bentley-4½-Litre-Sports-SaloonIn amazing unrestored condition, this 1929 Bentley 4 1/2-litre sports saloon sold for $1.07 million, more than twice its pre-auction estimate, at the Bonhams Beaulieu sale. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   A Louisiana auto parts distributor has pleaded guilty and admitted to selling pirated Mercedes-Benz diagnostic software valued at more than $17 million. More at The Detroit News. 

+   Cadillac has released photos of its new 2017 XT5 crossover, the replacement for the SRX, in advance of the formal debut in November. More at Motor Trend.

+   With a new 30-kilowatt-hour battery pack, the all-electric 2016 Nissan Leaf will have a range of 107 miles, 27 percent greater than the previous model. More at USA Today. 

+   Two-time NASCAR champion and Hall of Fame member Ned Jarrett, 82, announced that he is now cancer-free after four weeks of treatment for melanoma. More at Sporting News. 

+   Toyota has canceled production at three factories in northeastern Japan due to heavy rains that burst the banks of a river in the city of Osaki. More at Reuters. 

+   Auto supplier Stant Corp. will close its Romeo, Michigan plant and lay off 167 people, but is moving some corporate and engineering positions into a new technical center in Rochester Hills. More at Crain’s Detroit Business. 

+   Fiat Chrysler Automobiles is recalling 1.7 million Ram trucks to correct defects in their steering-wheel wiring, airbags, and steering components. More at Fortune. 

+   Automakers, telecommunications companies and a key U.S. Senate committee have reached a consensus to test the feasibility of sharing more of the wireless spectrum for Wi-Fi. More at the Detroit Free Press. 

+   Renault will introduce a new fourth-generation version of its Megane hatchback, including a top end GT version, at the Frankfurt Motor Show. More at Autoblog. 

+   At the Bonhams Beaulieu sale, a 1929 Bentley 4 1/2-litre sports saloon sold for $1.07 million, more than twice its pre-auction estimate. More at Hemmings Daily. 

+   Ferrari reserve driver Esteban Gutierrez is first in line to pilot a Gene Haas Formula 1 car when the American team joins the series in 2016. More at Yahoo! Sport UK. 

Read the previous Executive Briefing from September 7 here. 

Photo courtesy of Bonhams. 

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2 thoughts on “MCG Executive Briefing for September 11, 2015

  1. What’s the right thing to do with that Bentley? I think I’d repair any major defects but otherwise leave it unrestored.

    • By reading the piece a seized engine will be a major job.
      That much money for a tired old car has me lost. IF it was a really nice original car maybe. But it is clearly NOT.

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