MCG Executive Briefing for August 12, 2019

This replica Ferrari Spyder California used in the teen movie Ferris Bueller’s Day Off is expected to bring up to $400,000 at the Mecum Monterey sale. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s Headlines: 

+   French carmaker PSA and partner Dongfeng will shut down two plants in China and eliminate thousands of jobs as the world’s largest auto market continues to falter. More at Reuters.

 Fiat Chrysler Automobiles CEO Mike Manley reports the automaker will be able to avoid fines for failing to comply with European CO2 regulations in 2019 and 2020. More at Automotive News Europe. 

+   Hammered by poor reviews and slow sales, General Motors will redesign the interiors in the Chevrolet Silverado and GMC Sierra in time for the 2021 model year. More at The Drive.

 Jamie Chadwick sealed the inaugural all-women’s W Series title by securing fourth place in the Brands Hatch season finale, which was won by Alice Powell. More at Motorsport.com. 

+   Nissan’s Infiniti brand is celebrating its 30th birthday this month with special editions of the Q50 sedan, Q60 coupe, and the family of QX50, QX60, and QX80 SUVs. More at Motor Trend. 

+   According to chief engineer Tetsuya Tada, the Toyota Supra will receive a more powerful engine and new performance versions each year, but no manual transmission. More at Autoblog. 

+   More than 10,000 Detroiters have registered for 4.950 jobs at Fiat Chrysler Automobiles as the automaker expands its Jefferson Avenue facilities for SUV production. More at the Detroit Free Press. 

+   A Modena California Spyder recreation, one of three used in the classic teen movie Ferris Bueller’s Day Off, will be offered at the Mecum Monterey auction. More at Classic Cars.com Journal. 

+  E-commerce giant Amazon is now testing the Scout, its six-wheeled, battery-powered autonomous delivery vehicle, in the the Orange County suburb of Irvine, California. More at CNET Roadshow. 

+   McLaren will enter the IndyCar series full-time in 2020 to run two Chevrolet-powered cars in partnership with the current IndyCar operation of Arrow Schmidt Peterson Motorsports. More at Fox News.  

Review the previous Executive Briefing from August 9 here.

Photo courtesy and copyright Mecum Auctions. 

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