MCG Executive Briefing for November 29, 2013

Japanese constructor Dome will partner with Strakka Racing of Britain to campaign the Strakka Dome S103 LMP2 at LeMans in 2014. Get all the latest car biz news in the Executive Briefing.

 

 

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+   The American Drag Racing League and sponsor Al Anabi Racing are in open dispute over who is to blame for failure to pay $500,000 in prize monies. More at Competition Plus.

+   General Motors will convert all of its Series B mandatory convertible junior preferred shares of stock into shares of common stock, effective Dec. 1. More at The Detroit News.

+   Carlos Tavares, who recently resigned as COO at Renault to seek a CEO position, has been named to the top post at PSA Peugeot Citroen. More at Autoblog.

+   Mercedes Formula 1 team principal Ross Brawn has announced his departure from the organization effective Dec. 31. More at Racer.

+   Toyo Tire & Rubber of Japan has agreed to plead guilty to price fixing on automotive components and pay a $120 million criminal fine. More at Reuters.

+   As production begins on the first engines, Renault-Nissan will partner with Russian automaker AvtVAZ on a second gasoline engine program. More at GlobalPost.

+   New York City leads the nation in motorcycle thefts, followed by Las Vegas, according to a study by the National Insurance Crime Bureau. More at USA Today.

+   Ford will suspend Fusion production for an additional week over the December break to  reduce the current 88-day inventory. More at Motor Trend.

+    Strakka Racing will join forces with Dome to field a two-car LMP2 effort with Nissan V8 power in the 2014 World Endurance Championship and at Le Mans. More at Autosport.

For the previous Executive Briefing from November 25, click here.

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