This 1959 Ferrari 250 GT Series II Cabriolet brought $1.306 million at the RM Sotheby’s Paris Sale. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Volkswagen does not expect the global shortage of semiconductors to end this year, a board member of the automaker told the German industry magazine Automobilwoche. More at Reuters.
+ General Motors will provide Colorado-based Lightning eMotors with medium-duty truck platforms for the production of school buses, shuttle buses, and delivery vehicles. More at The Detroit News.
+ Hertz Global Holdings named former Goldman Sachs finance chief Stephen Scherr as its top boss to replace Mark Shields, sending shares of the car rental firm up 4 percent. More at Yahoo! Finance.
+ French rally legend Sebastien Loeb claimed his fourth Race of Champions victory on the event’s first visit to Sweden, beating Formula 1 champion Sebastian Vettel in the final. More at Autosport.
+ Mazda has filed a patent application for an advanced two-stroke engine with a Roots blower and direct fuel injection that can operate in spark or compression ignition. More at The Drive.
+ Ferrari officially confirmed that the sports car maker’s first SUV in history, the Purosangue, will begin production later this year, with deliveries commencing in 2023. More at Car and Driver.
+ BMW USA is partnering with the Electrify America charging network to offer its electric vehicle customers two years of complimentary 30-minute charging sessions. More at Motor Trend.
+ GM is planning a low-priced electric SUV based on the company’s Ultium platform and priced at less than $30,000, signaling that the current Chevy Bolt is all but dead. More at Autoblog.
+ Six classic Ferraris from the Marcel Petitjean collection were among the top 10 sellers and each brought more than seven figures at the RM Sotheby’s Paris Sale. More at ClassicCars.com Journal.
+ New FIA president Mohammed Ben Sulayem has taken the first steps towards his promised reform of the organization, including kick-starting a search for a chief executive. More at Motorsport.com.
Photo courtesy and copyright RM Sotheby’s.
Review the previous Executive Briefing from February 4 here.