This 1966 Ferrari 275GTB brought $2.23 million at the Paris Retromobile Artcurial sale. Get all the latest automotive news in the Executive Briefing.
+ General Motors is closing an assembly plant this month in the Northeasten city of Shenyang as part of the automaker’s restructuring in China, according to a company source. More at the Detroit Free Press.
+ According to a report from Business Insider, Volkswagen has issued internal targets to increase the profit margin for sales from its VW car business from 2 percent to 6.5 percent. More at Investing.com.
+ Two legislative efforts introduced by GOP senators and backed by oil lobbyists seek to repeal the $7500 tax credit for EV buyers and introduce a $1000 tax on EV purchases. More at Car and Driver.
+ NASCAR executive Ben Kennedy says the series will hold talks with the National Football League to avoid date conflicts between the Daytona 500 and the Super Bowl. More at Sports Business Journal.
+ President Donald Trump is continuing his policy on tariffs, announcing that tariffs on automobile imports, around a fourth of the U.S market, are scheduled to begin in April. More at World Auto Forum.
+ A yellow school bus in Waupaca County, Wisconsin was struck in the rear by a pickup truck, destroying the pickup but leaving the bus unscathed and no one injured. More at The Drive.
+ Stellantis may bring back the ram’s head hood ornament for Ram trucks, according to a recent application filed to the United States Patent and Trademark Office (USPTO). More at Motor Authority.
+ The annual Artcurial Motorcars Paris Retromobile sale reported $25.4 million in total sales, including a 1966 Ferrari 275GTB at $2.23 million and a Bugatti T51 at $1.64 million. More at Old Cars.
+ According to Autoblog, Tesla’s domination of the global electric vehicle market may be coming to an end, due to declining sales and the meteoric rise of EV maker BYD of China. More at Autoblog
+ Three men were convicted in a plot to extort the family of former F1 champion Michael Schumacher by threatening to release his medical photos and reports online. More at Motorsport.com.
Photo courtesy of Artcurial
Review the previous MCG Executive Briefing from February 14 here.
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Spectacular video of the textbook school bus underride rear end collision in Wisconsin, miracle nobody was killed. The critical mismatch between small and large motor vehicles seems a mysterious phenomenon baffling even the most prominent of safety experts, scientists, researchers and engineers for generations…