This Aston Martin DB5 replica stunt car used in the 2021 Bond film No Time to Die is expected to bring $2.4 milion or more in a charity auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ China’s Guangzhou Automobile Group (GAC) announced it was “deeply shocked” by critical comments from Stellantis about the end of their joint manufacturing venture there. More at Reuters.
+ General Motors is again warning dealers about predatory selling tactics for in-demand vehicles such as the Hummer EV, theatening to cancel orders and void warranties. More at Autoblog.
+ Jean-Philippe Imparato, CEO of the Alfa Romeo division of Stellantis, says the Italian automaker will develop a large sedan in the United States for multiple markets. More at U.S. News and World Report.
+ Porsche is set to purchase a 50 percent share of Red Bull Technology in order to enter Formula 1 competition in 2026 as a partner of the team, according to legal documents. More at Racer.
+ Renault chief executive Luca De Meo says he see no imminent easing of the supply chain shortages that have plagued the auto manufacturers since the onset of COVID-19. More at CNBC.
+ Stellantis has appointed Mark Champine to direct its engineering centers in North America, while David McDonald will succeed him as head of customer experience. More at The Detroit News.
+ After three years of development, Porsche has finally revealed its factory 911 GT3 R racer, which boasts a 4.2-liter flat-six that makes 565 hp and a list price of $567,210. More at Autoweek.
+ An Aston Martin DB5 replica stunt car used in No Time to Die is among a large collection of Bond movie properties to be sold at auction to benefit several British charities. More at The Drive.
+ NASCAR Cup driver Kyle Busch says negotiations continue with Joe Gibbs Racing to remain with the team while he explores his free-agent opportunities for other rides. More at Jayski.
+ The next-generation 2024 Toyota Tacoma mid-size pickup will be available with four-cylinder turbo, V6 hybrid, and full-electric powertrains when it appears in mid-2023. More at Motor Trend.
+ Two-time world driver champion Fernando Alonso has signed a multi-year agreement to replace Sebastian Vettel on the Aston Martin team starting next season. More at Speedcafe.
Photo courtesy of Christie’s.
Review the previous Executive Briefing from July 29 here.