MCG Executive Briefing for September 23, 2019

An ex-works 1955 Triumph TR-2 that raced at Le Mans will cross the block at the Silverstone Auctions Classic Motor Show sale on November 9-10. Get all the latest auto industry news in the Executive Briefing.

 

 

Today’s Headlines: 

 Automotive manufacturers in the European Union have joined forces to warn British government officials that a no-deal Brexit could cost billions of euros and millions of jobs. More at Reuters. 

 As the United Auto Workers strike at General Motors closed its first week, democratic presidential candidates led by Elizabeth Warren voiced their support for the workers. More at The Detroit News. 

+   Volkswagen CEO Herbert Diess welcomed a $60 billion German government climate package that aims to reduce CO2 emissions with greater incentives for electric cars. More at Automotive News Europe. 

 Josef Newgarden won his second championship in three years for Team Penske with a smooth 8th place finish in the IndyCar season finale at Laguna Seca. More at the Los Angeles Times. 

 Toyota’s Lexus brand has unveiled a 65-foot luxury yacht built by Marquis Yachts with a composite hull and twin 1000-hp Volvo Penta turbo-diesels. More at Autoblog.

 The Petersen Automotive Museum in Los Angeles is honoring the life and legacy of racer and TV personality Jessi Combs with a special exhibit this week. More at Road & Track. 

+  Mazda has implemented its NA Roadster Restore Service, which can restore your first-generation Mazda Miata MX-5 to factory new for around $40,000 USD. More at The Drive. 

 American Axle & Manufacturing will sell its Grede Foundries iron castings business to a New York private equity firm for $245 million, $185 million of it in cash. More at Crain’s Detroit Business. 

+   An ex-works Le Mans 1955 Triumph TR-2 once owned by King Hussein of Jordan will cross the block at the Silverstone Auctions Classic Motor Show sale on November 9-10. More at Classic Cars.com Journal. 

 The Toyota NASCAR Cup racer of Erik Jones was disqualified from its fourth place finish in post-race inspection at Richmond, spoiling a 1-2-3-4 finish for Joe Gibbs Racing. More at NBC Sports. 

Review the previous Executive Briefing from September 20 here.

Photo courtesy of Silverstone Auctions. 

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