Mecum Auctions is offering more than 25 classic Ferraris at this week’s 2015 Mecum Monterey event, including a 1964 275 GTB with a pre-sale estimate of up to $3.2 million. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ In an interview with The Detroit News, presidential candidate Donald Trump suggested that Ford and other American automakers should shift production from Michigan to lower-wage states. More at The Detroit News.
+ Independent sources say General Motors will boost production of its profitable full-size pickups and SUVs by another 48,000 to 60,000 vehicles in 2016. More at Reuters.
+ In advance of this weekend’s Pebble Beach Concours d’Elegance in Monterey, CA, BMW has unveiled the Concept M4 GTS. More at Autoblog.com.
+ Two minority partners in Andretti Sports Marketing have filed a civil suit against majority owner and Andretti Autosport boss Michael Andretti, asserting the marketing company is insolvent. More at USA Today.
+ Seeking capital for retail expansion, Tesla Motors will raise an additional $500 million through a common stock offering, says CEO Elon Musk. More at Bloomberg.com.
+ Ford will move all production of the F-650 and F-750 medium-duty trucks from a factory in Mexico to its Avon Park, Ohio assembly plant. More at the Business Insider.
+ At the Los Angeles County Museum of Art, Hyundai Motors introduced the Vision G, a luxury touring coupe concept. More at the Detroit Free Press.
+ Prosecutors won’t file charges against Porsche Chairman Wolfgang Porsche and other members of the automaker’s 2008 board in a lengthy probe of a failed attempt to take over Volkswagen AG, sources say. More at Bloomberg.com.
+ Formula 1 czar Bernie Ecclestone has called on engine supplier Renault to again become a manufacturer team, suggesting it take over the Lotus operation. More at Sport.co.uk.
+ Mecum Auctions is offering more than 25 classic Ferraris at the 7th annual Monterey Classic Car Week sale this week. More at Sports Car Digest.
+ Veteran sports car team owner and team manager David Stone has passed away after a long battle with cancer. More at Sportscar 365.
Read the previous Executive Briefing from August 10 here.
Photo courtesy of Mecum Auctions.
Trump is hard to figure. Does he really know that little about the auto industry, or this simply one more deliberately provocative statement?
Are you saying you support Ford’s decision to move the jobs to Mexico, as opposed to Trump’s suggestion that the jobs be moved to a lower wage state here in America?
I’m saying Trump knows nothing about the auto industry. UAW Tier 2 wages in MI are $16-19/hr. and auto plant wages in GA and TN are $28/hr.
Check the dictionary under “blowhard”.