MCG Executive Briefing for April 21, 2014

Lincoln MKX ConceptCould this be the game changer for Lincoln? The MKX crossover concept made its debut at the Beijing Motor Show this past weekend. Get all the latest auto industry news in the Executive Briefing. 

 

 

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+   Ford CEO Alan Mulally will retire by year’s end, to be replaced by current Ford chief operating officer Mark Fields. More at the Detroit Free Press.

+   General Motors president Dan Amman says the company will invest $12 billion to boost production in China to five million vehicles per year. More at The Detroit News.

+   Mazda is recalling 109,000 Tribute SUVs from the 2001 through 2004 model years to repair structural frame rust. More at USA Today

+   Volkswagen AG has pulled the wrappers off its ultimate hot hatch concept, the Golf R400 with 395 hp and 4Motion all-wheel drive. More at Road & Track.

+   NASCAR team owner Jack Roush has voiced his opposition to a reduction in engine displacement for Sprint Cup next season. More at NASCAR.com.

+   Michigan-based vehicle carrier United Road Services Inc. has acquired the auto division of Waggoners Trucking Inc. for $225 million. More at Crain’s Detroit Business.

+   China is expected to replace the United States as Volvo’s largest market in 2014 with sales topping 80,000 units. More at Reuters.

+   The McLaren Formula One team is planning legal action in its contract dispute with Red Bull over aerodynamics engineer Dan Fallows, now with Red Bull. More at ESPN.  

+   Lincoln has debuted the MKX luxury crossover concept at the 2014 Beijing Motor Show. More at Autoblog. 

For the previous Executive Briefing from April 14, click here.

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