This immaculate 1955 Porsche 550 Spyder is expected to bring $4.5 million to $5.5 million at the Bonhams Amelia Island sale. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Ford Motor Company is studying ways to separate its electric-vehicle operation from its traditional auto manufacturing business, sources inside the company tell Bloomberg News. More at Reuters.
+ General Motors and its Cruise autonomous vehicle unit have filed with the National Highway Traffic Safety Administration (NHTSA) to build and deploy self-driving shuttles. More at The Detroit News.
+ Leaked photos indicate that the 2023 Dodge Hornet compact crossover will share not only its hybrid drivetrain but its interior and exterior styling with the Alfa Romeo Tonale. More at Car and Driver.
+ Michael Andretti is moving forward with plans to field a Formula 1 team in 2024, which include submitting a $200 million entry fee and an American driver, most likely Colton Herta. More at Racer.
+ PPG’s annual automotive color popularity survey found that white, black, gray, and silver continue to dominate new car sales, while red, blue, and green are losing more ground. More at Autoblog.
+ The U.S. government’s headlamp standards will receive a major update thanks to provisions included in the recent infrastructure bill passed by congress and signed into law. More at Motor Trend.
+ A 1955 Porsche 550 Spyder that has been in the possession of a single owner for the past 50 years will be among the star attractions at the Bonhams Amelia Island sale. More at ClassicCars.com Journal.
+ According to Mike Manley, CEO of the AutoNation national car dealership chain, rebates and other discount policies may never return to the post-COVID new vehicle market. More at The Drive.
+ Renault produced 500,000 fewer cars last year as a result of the global semiconductor chip shortage, and is predicting a shortfall of 300,000 vehicles this year. More at CNBC.
+ Second generation NASCAR Cup driver Chase Elliott has signed a five-year contract extension that will keep him with Hendrick Motorsports through the 2027 season. More at NBC Sports.
Photo courtesy and copyright Bonhams.
Review the previous Executive Briefing from February 18 here.