At nearly $13 million, this 1955 Ferrari 410 Sport Spider was among the top sellers of Monterey Car Week. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Chinese EV maker BYD has narrowed its list of potential sites for a manufacturing plant in Mexico to three states and is reviewing a range of proposed incentives from them. More at Reuters.
+ Volkswagen has announced pricing and final specifications for the ID. Buzz electric minivan, with the base Pro S listed at $61,545 while offering 234 miles of estimated range. More at Autoweek.
+ The Infiniti Q50 sedan, introduced in 2014, will be retired at the end the 2024 model year, leaving the Nissan premium brand with only SUVs and crossovers in its product line. More at Car and Driver.
+ Hendrick Motorsports is suing the Hooter’s restaurant chain for $1.7 million, alleging breach of contract for failing to make sponsorship payments for Chase Elliott’s NASCAR Cup entry. More at Sportskeeda.
+ Ford has delayed its next-generation electric pickup for 18 months and cancelled its proposed electric three-row SUV as the automaker shifts development to a hybrid large SUV. More at Autoblog.
+ Porsche spokesperson Mayk Wienkoetter confirmed that the automaker will continue to use the “Turbo” model designation on its Taycan, despite the fact that it is battery powered. More at The Drive.
+ The U.S. National Transportation Safety Board opened an investigation into the recent crash and fire of a Tesla Semi on Interstate 80 near Emigrant Gap, California. More at The Detroit News.
+ The top sellers of the Montery Car Week auctions featured a number of vintage Ferraris, including a 1960 California Spider, a 1955 410 Sport Spider, and a 1967 275 GTB/4. More at Quartz.
+ At the Stellantis Toledo Assembly Complex where Jeep Gladiators are built, a worker was killed when he was trapped under a vehicle as it traveled down the assembly line. More at WTVG Toledo.
+ Liberty Media announced it is selling off $825 million in shares of its Formula 1 series to fund the purchase of the MotoGP series at a reported price of $4.2 billion. More at Autosport.
Photo courtesy and copyright of RM Sotheby’s.
Review the previous MCG Executive Briefing from August 19 here.
Join Mac’s Motor City Garage on Facebook and X (Twitter) to receive notices when every new story is published.