MCG Executive Briefing for September 4, 2015

Cobra Daytona CoupeThis month’s Goodwood Revival in England will feature a gathering of all six original Shelby Daytona Cobra coupes, reunited for the first time since the 24 Hours of Le Mans in 1965. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   The Detroit Three, currently in separate contract talks with the United Auto Workers, have shown increased interest in the union’s proposal to consolidate the automakers’ medical plans in a common pool. More at Reuters.

+   Volkswagen has confirmed that chief financial officer Hans Dieter Poetsch will be the next chairman of the automaker’s supervisory board. More at the Business Insider. 

+   Japanese parts manufacturer NGK Insulators has agreed to plead guilty and pay a $65.3 million fine in the U.S. Justice Department’s continuing crackdown on price-fixing among automotive industry suppliers. More at The Japan Times. 

+   Veteran Corvette driver and engineer Dick Guldstrand, who operated Guldstrand Engineering for decades, has passed away at 88. More at Vintage Racecar. 

+   Fiat Chrysler Automobiles will build the next-generation Wrangler and a new pickup at the automaker’s Toledo North Jeep plant, but the current Cherokee production line will be moved elsewhere. More at Toledo News Now. 

+   Dan Gurney and All-American Racers have patented an engine design they call a “moment-cancelling four-stroke” for motorcycle applications. More at Motor Trend. 

+   Southfield-based auto supplier Lear Corp. has purchased a century-old, 50,000-sq.-ft. building in downtown Detroit to use as an administration office. More at The Detroit News. 

+   General Electric has completed the sale of its U.S. fleet services business to Element Financial for $5 billion, and expects to finalize similar deals for its Mexican, Australian, and New Zealand divisions soon. More at Automotive Business Review. 

+   A Maserati dealer with stores in New York, New Jersey, and Florida is suing Maserati North America for allegedly pressuring the retailer to inflate sales figures. More at Autoblog.

+   The six original Shelby Daytona Cobra FIA coupes will be reunited at the historic Goodwood Festival in Goodwood, England Sept. 11-13. More at Hemmings Daily.

+   Following the death of IndyCar driver Justin Wilson, 2009 Formula 1 champion Jenson Button has called for the adoption of enclosed cockpits across the board. More at ESPN.

Read the previous Executive Briefing from August 31 here. 

Photo courtesy of Ford Motor Co. 

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One thought on “MCG Executive Briefing for September 4, 2015

  1. Expect to see many more companies locate their offices in downtown Detroit. The location is convenient and the prices are very attractive.

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