This 1957 Super Sport New York Auto Show special is one of eight significant Corvettes to be offered at the Mecum Kissimmee sale in January. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Electric vehicle maker Rivian Automotive announced it will invest $5 billion in a second assembly plant in Georgia, while also reporting a net loss of $1.2 billion for the third quarter. More at Reuters.
+ New car sales in the USA are expected to rise next year, driven by pent-up demand due to production cuts by the automakers in 2021, according to an Edmunds report. More at U.S. News & World Report Money.
+ In an unexpected development, Dan Ammann, CEO of General Motors’ autonomous vehicle company Cruise LLC, is leaving the company, the automaker confirmed. More at The Detroit News.
+ Seven-time NASCAR Cup champion Jimmie Johnson announced he will run the full NTT IndyCar schedule for Chip Ganassi Racing in 2022, including the Indianapolis 500. More at Jayski.
+ As part of its 60th anniversary celebration in 2022, Shelby American will offer a Mustang GT500KR with carbon fiber body pieces and a 900+ horsepower V8. More at Car and Driver.
+ Mazda’s popular Miata MX-5 will get a modest price bump for 2022, but the list price will remain under $30,000 and automatic transmissions will be limited to one model. More at Motor Trend.
+ The New York Police Department, which operates a fleet of 9,000 vehicles to patrol the city, is studying the purchase of 250 Tesla Model 3s at a cost of $12.4 million. More at The Drive.
+ Featured attractions at the annual Mecum Auctions Kissimmee, Florida sale on January 6 through 16 will include a group of eight historically significant vintage Corvettes. More at ClassicCars.com Journal.
+ Formula 1 powertrains for 2026 will run on 100 percent sustainable fuel, place a greater focus on electrical power, and will not feature an MGU-H motor-generator unit. More at Racer.
Photo courtesy of Mecum Auctions
Review the previous Executive Briefing from December 13 here.
We can’t survive now ! Who you think is paying for the Tesla’s cop cars for NYC,we are Our property taxes,sales tax etc etc are the highest in the country!