This 1964 Ford GT, the fourth car constructed and the first delivered to Shelby American, hammered down for $7 million at the Mecum Houston auction. Get all the latest auto industry news in the Executive Briefing.
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+ Nissan will offer free battery charging for 24 months on its Leaf electric car in 25 U.S. markets. More at Automotive Business Review.
+ Jeep’s CEO says the brand is close to a deal to manufacture the Jeep Renegade in China in a joint venture with Guangzhou Auto. More at the Detroit Free Press.
+ Auto sales in Europe continue their recovery with a 10.4 percent increase in March, but so far the retail price war remains in effect. More at Reuters.
+ American Formula One entrant Gene Haas intends to partner with Dallara on chassis and Ferrari or Mercedes on engines. More at Yahoo! Sport UK and Ireland.
+ A group of international auto writers named the Audi A3 the World Car of the Year as German brands swept all five awards. More at The Detroit News.
+ Ford GT no. GT/104, the fourth car built and the first delivered to Shelby American, sold for $7 million at the Mecum Houston sale. More at Hemmings Daily.
+ Dyson Racing will operate the factory Bentley team in the Pirelli World Challenge series in North America. More at Daily Sportscar.
+ A federal judge has declined to order General Motors to park 2.6 million vehicles while the ignition recall is performed. More at The Detroit Bureau.
+ Greg Pickett’s Muscle Milk Racing operation has terminated its TUDOR United SportsCar Series program effective immediately. More at Racer.
For the previous Executive Briefing from April 14, click here.
I’m surprised the Ford GT went that low. The highest ever paid is $11 million I think.