The customized 1958 Chevy Impala that starred in the classic 1972 film American Graffiti goes on the auction block next week, where it is expected to bring up to $1.2 million. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ As the Volkswagen diesel emissions scandal deepens, CEO Martin Winterkorn has resigned and will be replaced by Porsche chief Matthias Müller. More at The Denver Post.
+ General Motors has unveiled its facelifted and refreshed 2016 Chevy Silverado and GMC Sierra pickups at the Texas State Fair this week. More at the Detroit Free Press.
+ Ford also chose the Texas State Fair to debut its 2017 Super Duty truck lineup with aluminum construction and a stiffer steel frame. More at The Dallas Morning News.
+ Shares of BMW AG jumped in U.S. trading after German magazine Auto Bild said it has no indication the automaker manipulated emissions tests, clarifying its earlier report on the X3 SUV. More at Bloomberg.com.
+ IndyCar driver James Hinchcliffe will return to the cockpit next week for tests at Road America, four months after a life-threatening injury at Indianapolis. More at Fox Sports.
+ Belleville auto components supplier Neapco Drivelines LLC will launch a $57.7 million expansion of its Michigan operations, adding 167 jobs. More at Crain’s Detroit Business.
+ Spy photos captured of a 2018 Jeep Wrangler prototype reveal a conventional beam-type rear drive axle, good news for serious off-road enthusiasts. More at Motor Trend.
+ Tesla Motors will unveil its all-wheel-drive Model X electric crossover on Sept. 29 in a ceremony at the automaker’s Fremont, CA plant. More at Tech Times.
+ Andrew Gilleland has been appointed vice president of Toyota’s Scion division, while Doug Murtha moves from that slot to direct corporate strategy and planning for Toyota in North America. More at Autoblog.
+ Clint Bowyer’s NASCAR Sprint Cup championship hopes have been dashed after his Michael Waltrip Racing team was docked 25 points for a technical infraction at Chicagoland last weekend. More at Racer.
+ Owned by the same private collector for 43 years, the white ’58 Chevy Impala that starred in the 1972 film American Graffiti will be offered at the Profiles in History Hollywood Auction 74, Sept. 29 through Oct. 3. More at Hemmings Daily.
Read the previous Executive Briefing from September 21 here.
Photo courtesy of Profiles in History.