MCG Executive Briefing for September 12, 2014

Elvis Presley 1967 CadillacElvis Presley reportedly owned more than a hundred Cadillacs. This one, a ’67 Coupe De Ville known as the Honeymoon Caddy, will be on sale at the Barrett-Jackson Las Vegas auction. Get all the latest auto industry news in the Executive Briefing. 



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+   Luca Di Montezemolo will step down as chairman at Ferrari, to be replaced by Sergio Marchionne, chief executive of parent company Fiat. More at the UK Guardian. 

+   General Motors has purchased the 10-story former Lowe Campbell Ewald building across the street from the Warren Technical Center. More at The McComb Daily. 

+   The Chinese government will fine Audi $40.5 million and Chrysler $5.2 million in its anti-monopoly probe of the auto manufacturing industry. More at The Detroit News. 

+   The investigation of Tony Stewart’s sprint car accident that resulted in the death of driver Kevin Ward, Jr. has been completed by the Ontario, New York Sheriff and sent to the District Attorney. More at Sporting News.

+   Michigan auto parts maker Visteon Corp. may be split into two units, one focused on climate controls and the other on electronics. More at Crain’s Detroit Business. 

+   The Indianapolis Motor Speedway and the IndyCar Series are on track to run in the black for the first time in more than five years. More at Sports Business Journal.

+   GM will launch a new economy car under the Opel and Vauxhall brands next year to replace Chevrolet, which departs the European market in 2015. More at Reuters. 

+   The Barrett-Jackson Las Vegas auction on Sept. 25-27 will feature a ’67 Cadillac owned by Elvis Presley and a ’63 Corvette he drove in Viva Las Vegas. More at Motor Trend. 

+   The newly merging IndyCar teams of Sarah Fisher Hartman Racing and Ed Carpenter Racing are close to a deal to run Chevrolet engines in 2015. More at Racer. 

For the previous Executive Briefing from September 8, click here.

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