MCG Executive Briefing for September 26, 2016

janis-joplin-porscheRock legend Janis Joplin’s psychedelic Porsche 356 will headline a new exhibit, “The Golden Age of Sports Cars, 1949-1967,” at the Gilmore Car Museum in Hickory Corners, Michigan. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s headlines:

+   General Motors will offer buyouts to 400 of its 925 Cadillac dealers in the United States, mainly smaller retailers who represent only 9 percent of the division’s volume. More at the Detroit Free Press. 

+   MG will stop making cars in the UK this year after its owner, SAIC Motor, decided to move final assembly of the MG3 to China from Longbridge, England. More at Automotive News Europe. 

+   Around 50,000 Hyundai workers have gone on strike, creating the first walkout in more than a decade and bringing production to a halt at three Korean plants. More at Bloomberg.com.

+   Nissan has has officially announced the price of the 2017 GT-R Nismo at $176,585, $100,000 more than the original R35 of 2007. More at Autoblog. 

+   Honda has expanded its Formula 1 technical facility in Milton Keynes, England to support a second team at some point, says F1 chief Yusuke Hasegawa. More at Racer. 

+   A probe commissioned by Volkswagen into its diesel emissions scandal has found no evidence against Rupert Stadler, head of its Audi luxury car division, insiders say. More at Reuters. 

+   Hundreds of Takata Corp. airbag inflators removed from cars in the auto industry’s biggest recall have ruptured in testing, demonstrating the potential danger to drivers. More at The Detroit News. 

+   At the SCCA Runoffs in Lexington, Ohio, Formula F driver Neil Verhagen became the youngest national champion in SCCA history at 15 years and 242 days. More at National Speed Sport News. 

+   Janis Joplin’s Porsche, Nicolas Cage’s 1967 Ferrari, and two dozen more exceptional sports cars will star in a special exhibition at the Gilmore Car Museum that runs through April 2017. More at MLive. 

+   Unifor, the Canadian auto workers’ union, has ratified a new four-year agreement with General Motors that mandates $420 million in GM plant investments, with nearly 65 percent of the members approving the deal. More at CBC News.

Review the previous Executive Briefing from September 23 here.

Photo courtesy of MLive. 

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