This 1965 Shelby Mustang GT350R prototype sold for $3.85 million on year ago, and now it’s headed back to the auction block. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ With sales of 158,793 vehicles, Ford claimed it was the best-selling automaker in the USA for the third consecutive month in November, a streak it hasn’t achieved since 1974. More at The Detroit News.
+ Toyota has turned to BYD, its partner in China, for technical support on electric vehicle technology on the battery-powered sedan it is launching there late next year. More at Reuters.
+ In a historic vote, members of the United Auto Workers have chosen to change the selection of national leaders from the current delegate system to direct elections. More at Yahoo! Finance.
+ Richard Petty Motorsports has agreed to sell a majority interest, which includes two NASCAR team charters, to Maury Gallagher and GMS Racing for around $19 million. More at Jayski.
+ Polestar is teasing the first images of the new 3 luxury electric crossover, which will be built in both single and dual-motor versions next year at Volvo’s South Carolina plant. More at Car and Driver.
+ General Motors has raised its 2021 earnings guidance again to $14 billion, citing strong pricing, resilient consumer demand, and an improved supply of semiconductor chips. More at CNBC.
+ After nearly a decade in production, Maserati will discontinue the entry-level Ghibli sedan in 2022 as the company prepares to introduce the smaller Grecale crossover. More at The Drive.
+ The first 1965 Shelby GT350R prototype, which set a record for Mustangs sold at auction one year ago, will return to the block at the Mecum Kissimmee sale in January. More at ClassicCars.com Journal.
+ Hyundai has announced its pricing for the 2022 Elantra N, which at $32,995 is the lowest-priced model in the N performance lineup, $600 less than the equivalent Veloster. More at Autoblog.
+ Team Penske and Menards announced that the home improvement chain will expand its NASCAR Cup sponsorship to two cars for Ryan Blaney and Austin Cindric. More at NBC Sports.
Photo courtesy of Mecum Auctions.
Review the previous Executive Briefing from November 29 here.