This 1965 Mustang Shelby GT350 will be among the featured attractions at the Worldwide Auburn sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The new vehicle market in China reached a historic milestone in July as more than half the cars sold for the month were battery-electric powered or gasoline-battery hybrids. More at Reuters.
+ Dodge has announced pricing for the electric Charger Daytona coupe, with the 496 hp Daytona R/T starting at $61,590 and the 670 hp Daytona Scat Pack listing at $75,185. More at Car and Driver.
+ Nilu27, a new company founded by designer Sasha Selipanov, has unvield the Nilu hypercar, powered by a normally-aspirated 6.5-liter V12 with 1,000 hp coupled to a manual gearbox. More at Autoblog.
+ Argentinian touring car champion Agustin Canapino has been released from the Juncos Hollinger Racing IndyCar team effective immediately, replaced for now by Conor Daly. More at Racer.
+ Rivian Automotive beat Wall Street’s top- and bottom-line expectations for the second quarter as the electric vehicle maker continues to slash costs in its operations. More at CNBC.
+ Nissan reports it has developed a type of automotive paint using thermal coating technology that is just 120 microns thick but can reduce vehicle cabin temperature by 10 degrees. More at The Drive.
+ Kia and Hyundai’s anti-theft software upgrades have deterred car thieves, but theft claims remain high even after the new hardware is installed, according to a new report. More at the Detroit Free Press.
+ Featured consignments at the annual Worldwide Auctioneers Auburn sale on Aug. 29-31 will include an ex-Harrah 1969 Ferrari 365GT 2+2 and a 1965 Shelby Mustang GT350. More at Old Cars.
+ Lucid announced that its largest shareholder, Saudi Arabia’s Public Investment Fund, will inject up to $1.5 billion in cash as the EV maker ramps up production of a new SUV. More at World Auto Forum.
+ Trackhouse Racing development driver Connor Zilisch, 18, will race the No. 88 car full-time for Dale Earnhardt Jr.’s JR Motorsports next season in the NASCAR Xfinity Series. More at CNBC.
Photo courtesy of Worldwide Auctioneers.
Review the previous MCG Executive Briefing from August 5 here.
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