This one-of-a-kind hot rod, hand-crafted in 1951 and in storage since 1967, is expected to bring up to $100,000 at the RM Auctions 2015 Phoenix sale next week. -photo by Robin Adams, courtesy RM Auctions
Today’s headlines:
+ The National Highway Traffic Safety Administration has slapped Honda Motor Co. with a $70 million fine, the largest in history, for failing to report potential safety issues. More at The Wall Street Journal.
+ Bridgestone Americas has broken ground on a new $200 million headquarters facility in Nashville, Tennessee, to be completed in 2017. More at Automotive Business Review.
+ Ford has named former General Motors executive Mark LaNeve the new chief of U.S. sales and marketing, replacing the retiring John Felice. More at the Detroit Free Press.
+ Porsche chief executive Matthias Mueller says he expects the brand to sell more than 200,000 units in 2015, meeting a long-term target three years early. More at Reuters.
+ NASCAR megateam Roush Fenway Racing has realigned its crew chief positions, with Jimmy Fenning headed upstairs to lead the research and development effort. More at Fox Sports.
+ In a bid to improve sagging sales, Cadillac is cutting prices on the CTS sedan by up to $3,000 and adding more standard equipment to the premium model. More at USA Today.
+ Buick is teasing a new convertible concept vehicle in a rendering of its display at next week’s North American International Auto Show in Detroit. More at The Detroit News.
+ Featured attractions at the RM Auctions Phoenix sale on Jan. 15-16 include a unique Chevy-powered 1951 hot rod known as the Barbeque Stovebolt Special. More at Hemmings Daily.
+ Mercedes-Benz is moving its North American headquarters from Montvale, New Jersey to a new $93 million facility in Atlanta, Georgia. More at CNN Money.
+ The procedure for Formula One’s new virtual safety car (VSC) system has been confirmed by the FIA with the publication of its 2015 rules. More at Racer.
For the previous Executive Briefing from January 5, click here.
If you haven’t already clicked on the link to the BBQ Stovebolt Special story do it now. There’s a lot more to that car than meets the eye, very interesting. Thanks Mac.
Yes, very special car.