One of five built, this 1970 AMX/3 was reportedly the first American Motors product to win a major category at the prestigious Pebble Beach Concours d’Elegance. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Chinese-owned parts supplier Nexteer Automotive has opened a new $4 million headquarters in Auburn Hills, Michigan to be closer to its Detroit area customers. More at The Detroit News.
+ A Texas jury found that a General Motors ignition switch was not to blame for a 2011 accident, handing the automaker its third courtroom win this year. More at the Chicago Tribune.
+ Amazon has launched a new web hub, Amazon Vehicles, to assist consumers in researching purchases of new cars, parts, and accessories. More at The Verge.
+ The Verizon IndyCar series has released its 2017 event schedule, which includes a return to Gateway St. Louis and renewals at Watkins Glen and Road America. More at Fox Sports.
+ With incentives from the Michigan Strategic Fund, automotive supplier Inteva Products in Adrian will add $23.3 million in new equipment, adding up to 127 jobs. More at the Detroit Free Press.
+ The Federal Trade Commission has given Tesla Motors the green light to acquire Solar City, a solar energy provider also controlled by Elon Musk, in a $2.6 billion all-stock deal. More at Autoblog.
+ Volkswagen announced it has reached an agreement in principle to compensate its 650 U.S. dealers for losses due to the diesel emissions cheating scandal. More at CNBC.
+ A 1970 AMX/3 prototype, one of five produced, became the first American Motors vehicle in recent years to win a major award at the Pebble Beach Concours d’Elegance. More at Hemmings Daily.
+ According to a study by consumer website iseecars.com, cars in the exterior colors of yellow and orange hold their value better than more common colors like silver and beige. More at Motor Trend.
+ McLaren driver Jenson Button says next year’s new-look Formula 1 cars will “scare drivers” again, calling them “a great step forward and where the sport needs to go.” More at Racer.
Review the previous Executive Briefing from August 22 here.
Photo by Mark McCourt courtesy of Hemmings Daily.
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