Auto News for June 27

383252

Subaru released the full lap video of its record shattering lap of the Isle of Man TT Course. Piloted by Mark Higgins, the 2016 Subaru WRX STI broke the lap record on the fabled 37-mile Isle of Man TT Road Course with an average lap speed of 128.73 mph and a time of 17 minutes and 35 seconds. This breaks the previous record held by Higgins of 116.47 mph and a time of 19 minutes and 26 seconds.  The video is available on Subaru of America’s YouTube channel under the title: 2016 Subaru WRX STI Isle of Man TT – Flat out. It is well worth your checking it out. This with a strong cup of coffee this morning will keep you going for the rest of the day!

GM will invest $290 million for technology upgrades at the Bowling Green, Kentucky plant that manufactures the Corvette. The announcement came from state officials who said the investment will also create up to 270 jobs over the next decade.

Auto makers are hoping for a stock rebound today after their shares took a tumble Friday after the British vote to exit the European Union. Ford shares fell 6.6 percent, GM was off 4.9 percent, and Fiat Chrysler dropped 12.2 percent. There are concerns about potentially slowing sales, currency devaluations and free-trade policies, according to the Detroit News.

 

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s