MCG Executive Briefing for August 13, 2018

Top sellers at this year’s Monterey Car Week will likely include this 1933 Duesenberg J offered by Mecum Auctions, which could fetch up to $3.5 million. Get all the latest auto industry news in the Executive Briefing. 

 

 

 

Today’s Headlines:

 President Donald Trump is publicly backing a boycott of Harley Davidson after the motorcycle maker questioned his tariff policies and moved some production offshore. More at the New York Post. 

 A study by the American Center for Mobility predicts that autonomous driving technology will mainly support rather than replace truck drivers for the next decade. More at Crain’s Detroit Business. 

+   Reversing an earlier plan to combine retail operations, Ford’s Lincoln division is asking dealers in its top 30 market cities to build stand-alone showroom facilities. More at Automotive News. 

 At Bonneville, Danny Thompson set a two-way record of 448.757 mph for piston-engine vehicles in a car originally built by his father, racing legend Mickey Thompson. More at Hot Rod Network. 

+   Sources say Saudi Arabia’s Public Investment Fund has no interest in financing Tesla CEO Elon Musk’s proposed $72 billion deal to take the electric car maker private. More at CNBC. 

+   Representatives for Mazda, Suzuki, and Yamaha have apologized for improprieties the Japanese manufacturers used in their emissions and fuel consumption testing procedures. More at Reuters. 

+   The Ford Motor Company celebrated the production of 10 million Mustangs since the model was launched in spring of 1964 with ceremonies in Dearborn and Flat Rock. More at Hemmings Daily. 

+   Apple has rehired engineer Doug Fields after a five-year stint as senior vice president at Tesla, reigniting speculation that Apple is developing its own automobile. More at The Drive. 

+  Top sellers at this year’s Monterey Car Week are expected to include a 1962 Ferrari GTO, a 1963 Aston Martin GT prototype, and several notable Duesenbergs. More at Classic Cars.com Journal. 

 In response to reports that he will leave Stewart-Haas Racing to drive for Ganassi Racing in 2019, NASCAR veteran Kurt Busch said, “There’s nothing that has been signed.” More at Racer.

Review the previous Executive Briefing from August 10 here. 

Photo courtesy of Mecum Auctions. 

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