Top sellers at the Paris Retromobile Artcurial sale included this 1966 Porsche 906, which brought $1.87 million. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines:

+   Patrick Manzi, chief economist for the National Automobile Dealers Association (NADA) is forecasting U.S. new-vehicle sales of 16.8 million for 2020, a small decrease from 2019. More at Ward’s Auto.

+   Officials of the United Auto Workers have informed members that the coronavirus outbreak in China could disrupt parts supplies to three U.S. General Motors plants. More at The Detroit News. 

+  Joyriders in off-road vehicles have illegally damaged protected areas in Death Valley National Park in California and Nevada with more than 130 miles of tire tracks. More at The Drive. 

+   Roger Penske, the new owner of the Indianapolis Motor Speedway, is launching a serious of improvements, including facility upgrades and a boost to the Indy 500 purse. More at the Indianapolis Star.

+   Around 600 Holden employees will lose their jobs after parent company General Motors announced it would eliminate the Australian car brand by the end of the year. More at ABC News. 

+   Nissan’s new chief executive Makoto Uchida is under extreme pressure from the company’s board to come up with a plan to reduce costs and boost profits, insiders say. More at Reuters. 

+   A study by the research group iSeeCars identified the 10 cars that suffer the greatest first-year depreciation, with the BMW 7 series, Audi A6, and Jaguar XE leading the list. More at Autoblog.

+   Most of the 69,000 salaried workers at General Motors can expect to receive annual bonuses in two weeks that match or exceed last year’s amounts, reportedly. More at the Detroit Free Press. 

 +   A German court ordered Tesla to stop clearing forest land near Berlin to build its first European car and battery factory, a victory for local environmental activists. More at Automotive News Europe. 

+   The 10th annual Artcurial Paris Retromobile sale generated nearly $25 million in sales, led by a 1965 Ferrari 275 GTB and a 1966 Porsche 906. More at Classic Cars.com Journal. 

+   Following a visit by President Donald Trump, who served as grand marshal, the Daytona 500 was red-flagged after 20 laps and postponed one day due to rain. More at Racer. 

Review the previous Executive Briefing from February 14 here.

Photo courtesy and copyright of Artcurial. 

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