MCG Executive Briefing for September 11, 2017

This 1955 Bentley R-Type Continental Fastback Sports Saloon was among the top sellers at the RM Sotheby’s London 2017 sale, finding a new home for $1.08 million. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   Ford will be the only member of the Detroit Three with a major presence at the Frankfurt Motor Show in Germany this month, as General Motors and Fiat Chrysler bow out. More at the Detroit Free Press. 

+   PSA Group will support its Opel division in developing electric cars but they must be profitable, PSA boss Carlos Tavares told the German paper Bild am Sonntag. More at Automotive News Europe. 

+   The Chinese government is preparing a timeline to ban the production and sales of conventional fossil-fueled passenger vehicles, the official Xinhua news agency reported. More at Reuters. 

+   A LaFerrari Aperta in special livery sold for around $10 million at auction as part of Ferrari’s 70th anniversary celebration at Fiarano, with the proceeds benefiting Save the Children. More at Motor Trend. 

+   At the NASCAR Monster Cup event in Richmond, playoff contender Matt Kenseth was knocked out of the race in a bizarre incident involving an ambulance on the track. More at ESPN. 

+   Stock analysts at Morgan Stanley say that self-driving cars represent “a significant growth opportunity” for the marketers of alcoholic beverages and related businesses. More at CNBC. 

+   At the Goodwood Revival, reborn sports car maker TVR unveiled the next Griffith, which features Gordon Murray’s iStream carbon-fiber architecture and a Cosworth-tuned Ford V8. More at Autocar. 

+   Ford CEO Jim Hackett will lay out his plans to the United Auto Workers this month before he presents them to stock analysts, gesturing that he places workers before Wall Street. More at The Detroit News. 

+   The RM Sotheby’s London 2017 sale at Battersea Evolution on September 6 generated $9.31 million in total sales and a 56 percent sell-through rate. More at Sports Car Digest. 

+   Indy 500 winner and 2004 IndyCar champion Tony Kanaan will depart Chip Ganassi Racing and sign a deal to drive for AJ Foyt next year. More at Racer. 

Review the previous Executive Briefing from September 8 here. 

Photo courtesy of RM Sotheby’s. 

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One thought on “MCG Executive Briefing for September 11, 2017

  1. It’s becoming clear that major auto shows are an anachronism. With 24 hour digital news they are no longer necessary.

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