Worldwide Auctioneers will sell off the collection of the Hostetler’s Hudson Museum in a one-day auction at the Shipshewana, Indiana facility on August 4. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Driven by strong truck and SUV demand, U.S. new vehicle sales jumped 6 percent in March, as General Motors led the Detroit Three with a 15.7 percent increase. More at USA Today.
+ German carmakers BMW and Daimler are under pressure to shift their production of SUVs outside the U.S. as a result of Washington’s growing trade tensions with China. More at Reuters.
+ The next-gen Ford Focus hatchback due in 2020 will reportedly boast more than 400 horsepower from its 2.3-liter turbo four and a 48-volt mild hybrid system. More at Motor Trend.
+ The Haas F1 team, America’s lone Grand Prix operation, has revamped its pit crew assignments following two botched pit stops at the season opener in Melbourne. More at ESPN.
+ Environmental Protection Agency chief Scott Pruitt has set aside the agency’s 50 mpg corporate average fuel economy (CAFE) targets for 2022 through 2025. More at CNET Roadshow.
+ As previously reported, Fiat Chrysler Automobiles will spin off its Magneti Marelli electronics subsidiary to its shareholders via a Milan stock listing. More at Business Insider.
+ Demand for new diesel cars in Britain plunged by more than a third in March, usually the top selling month of the year, pushing down total registrations by 16 percent. More at Automotive News Europe.
+ Despite rising truck/SUV sales and speculation that General Motors could cut two sedan models, the automaker has reaffirmed its commitment to passenger cars. More at The Detroit News.
+ At the direction of the executive board, the Hostetler’s Hudson Museum collection will be liquidated in a special one-day auction at the museum on Saturday, August 4. More at Hemmings Daily.
+ Five weeks before a wrongful death lawsuit was set to go to trial, attorneys for NASCAR star Tony Stewart and the family of Kevin Ward Jr. have notified the judge of a settlement. More at Racer.
Review the previous Executive Briefing from April 2 here.
Photo courtesy of Worldwide Auctioneers.
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Many insist that 50% of new cars will be electric by 2025, yet buyers want trucks. None of which are electric. I don’t know how you reconcile that, but I’m betting that personal vehicles remain gasoline powered while fleets of autonomous electric Ubers roam the cities.
That’s a striking group of Hudson up top. Wish I had Silicon Valley money.