Originally raced by Switzerland’s storied Scuderia Filipinetti, this 1964 Ferrari 250 LM is expected to fetch more than $9.5 million at the RM Auctions Arizona 2015 sale next month. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The United Auto Workers will press the Detroit automakers to eliminate the two-tier wage system when contract negotiations open next year. More at The Detroit News.
+ After nine months in the the position, former Apple executive Veronica Wu has abruptly resigned as the head of the Tesla Motors unit in China. More at The Economic Times.
+ In the annual color study by PPG Automotive Coatings, white is once again the most popular new vehicle color, followed by black, gray, and silver. More at Motor Trend.
+ William Kennard, former U.S. ambassador to the European Union, has been elected to the Ford board of directors, replacing Homer Neal. More at the Detroit Free Press.
+ Ex-Formula One star David Coulthard won the 2014 Race of Champions in Barbados, defeating Mercedes reserve driver Pascal Wehrlein in the final. More at ESPN.
+ Banco Santander SA, Spain’s largest bank, may acquire the shares of its subprime auto lending division in the U.S.A., Santander Consumer. More at Bloomberg.com.
+ Volvo Cars in Sweden is developing a three-cylinder inline Drive-E gasoline engine as a production sibling to the the Drive-E four. More at Automotive Business Review.
+ Chrysler Group is expanding its U.S. recall of cars and trucks with defective Takata passenger-side air bags, adding another 208,783 vehicles. More at Reuters.
+ Veteran NASCAR crew chief Todd Parrott has joined Richard Childress Racing to lead the team’s XFinity Series (formerly Nationwide) program. More at The Sporting News.
+ The RM Auctions Arizona 2015 sale will feature 21 vintage Ferraris, including an ex-Scuderia Fillipinetti 1964 Ferrari 250 LM that could break the $10 million mark. More at Sports Car Digest.
For the previous Executive Briefing from December 12, click here.