Will the Fisker Karma ever again see the light of day? The Energy Department has placed its $168 million loan with the troubled automaker on the auction block. Get all the latest auto industry news in the Executive Briefing.
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+ Eiji Toyoda, the architect of Toyota’s lean manufacturing system, has passed away at 100. More at The New York Times.
+ Volkswagen’s share price slipped over a magazine report that the company could miss earnings targets. More at Bloomberg.com.
+ The Energy Department will auction off its $168 million IOU from Fisker Automotive, handing off the car brand to the highest bidder. More at USA Today.
+ Following the result-fixing scandal at Richmond, NAPA Auto Parts has ended its sponsorship of Michael Waltrip Racing, reportedly worth $16 Million per year. More at ESPN.
+ Honda is recalling 405,000 Odyssey and Acura MDX models from 2003-2004 to correct a computer chip defect in their airbag systems. More at Reuters.
+ Ford and Shelby Township, Michigan officials have reached a preliminary agreement for environmental cleanup at the Mound Road Visteon plant. More at the Detroit Free Press.
+ Ford will spend $700 million to upgrade the Oakville, Ontario plant where the Ford Edge and Lincoln MKX are assembled. More at The Detroit News.
+ The pole positions are set for the 28 championship races at this weekend’s SCCA Runoffs in Elkhart Lake, Wisconsin. More at National Speed Sport News.
For the previous Executive Briefing from September 16, click here.