Kyle Larson, 21 year-old NASCAR phenom, will take over Juan Montoya’s seat in the Earnhardt Ganassi Racing Sprint Cup Chevrolet next year. Get all the latest car industry news in the Executive Briefing.
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+ Toyota will invest $102 million in its West Virginia powertrain facility and at aluminum casting plants in Missouri and Tennessee. More at Yahoo! News.
+ Illinois real estate developer William Lults says his deal to rehabilitate the old Detroit Packard plant is delayed but not dead. More at the Detroit Free Press.
+ ZF Friedrichshafen AG and Levant Power Corp have teamed to develop a regenerative suspension damper system. More at The Detroit Bureau.
+ Earnhardt Ganassi development driver Kyle Larson (previewed here at Mac’s Motor City Garage) will take Juan Montoya’s seat in the team’s NASCAR Sprint Cup Chevy next year. More at USA Today.
+ Ford is recalling 370,000 Crown Victoria, Mercury Grand Marquis, and Lincoln Town Car models from 2005-2011 to repair a steering shaft defect. More at CNBC.
+ General Motors president Mark Reuss is teasing the possibility of a hybrid-equipped C7 Corvette Stingray. More here at the Los Angeles Times.
+ GM has tabbed Detroit native Michael Dunne to head the company’s operations in Indonesia. More at The Detroit News.
+ Chase Elliott, 17 year-old son of Bill Elliott, bumped past Ty Dillon in the final lap to the win the NASCAR truck road course race at Canadian Tire Motorsport Park (formerly Mosport). More at National Speed Sport News.
For the previous Executive Briefing from August 30, click here.