MCG Executive Briefing for September 15, 2017

The 1932 Ford roadster of pioneer hot rodder Pete Henderson, winner of a legendary race with a quarter horse in 1944, will be offered at the RM Sotheby’s Hershey auction next month. Get all the latest auto industry news in the Executive Briefing.



Today’s headlines:

+   Auto analysts predict that sales of new and used cars will see an increase as the victims of Hurricanes Harvey and Irma replace their storm-damaged vehicles. More at The Detroit News. 

+   At the Frankfurt Motor Show, Volkswagen CEO Matthias Mueller pledged to invest $84 billion in electric vehicle technology and bring 300 electric models to market by 2030. More at the UK Express. 

+   Two labor unions that represent production employees at Harley-Davidson say they’ve terminated a long-standing cooperation agreement with the company. More at USA Today. 

+   Stewart-Haas Racing co-owner Tony Stewart has pledged his “unwavering support” for driver Danica Patrick upon losing her sponsorship and NASCAR Monster Cup ride for next year. More at CBS Sports. 

+   Hyundai has formally unveiled the 2019 Genesis G70 luxury sedan, aimed squarely at the BMW 3-Series and Mercedes-Benz C-Class market and due in showrooms next spring. More at Motor Trend. 

+   The Fiat Chrysler assembly plant in Windsor, Ontario is slated for a four-week shutdown next month as the company updates the production line to meet airbag regulations. More at the Detroit Free Press.  

+   Renault will not continue its engine supply agreement with Red Bull after 2018, presumably forcing the Formula 1 team into a partnership with Honda. More at

+   Daimler AG announced that the United Parcel Service will be the first U.S. commercial customer for its eCanter battery-powered truck, announcing that “the game has started.” More at Reuters. 

+   The historic Pete Henderson 1932 Ford roadster will be offered for sale at the RM Sotheby’s Hershey auction on October 5-6, where it is expected to bring $160,000 to $180,000. More at Hemmings Daily. 

+   Porsche CEO Oliver Blume says the automaker is seriously considering a coupe version for the next-generation Cayenne crossover lineup. More at UK Autocar. 

+   Formula 1 double champion Fernando Alonso says there is no guarantee he will remain with McLaren, which has switched from Honda to Renault power for 2018. More at Racer.

+   Swedish supplier Autoliv aims to split into two publicly traded companies, one focused on passive safety technology including airbag systems and one on electronics. More at Automotive News Europe. 

Review the previous Executive Briefing from September 11 here. 

Photo by Karissa Hosek courtesy RM Sotheby’s. 

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One thought on “MCG Executive Briefing for September 15, 2017

  1. Between China’s announcement last week, the Tesla semi, the Daimler-UPS deal, etc., it’s really starting to feel like there’s serious momentum for electric vehicles now. If we could just get the infrastructure in place …

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