This 1932 Auburn V12 Boattail Speedster will be among the stars at the Worldwide Auburn auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ In a delayed financial report, Swedish EV maker Polestar disclosed that its 2023 revenue declined and its losses widened due to slowing demand for its higher-priced models. More at Reuters.
+ Transportation authorities in Japan are planning a 310-mile long conveyer-belt system called the Autoflow-Road that could potentially replace semi-trucks and drivers. More at The Drive.
+ Ford expects to introduce an all-electric vehicle that is priced at $30,000 and is profitable for the company to manufacture in roughly two and a half years, says CEO Jim Farley More at CNBC.
+ Drag racing legend John Force is showing daily improvement and responding to commands after suffering a traumatic brain injury in a violent funny car crash last week. More at Racer.
+ Ram scored best in the 2024 J.D. Power U.S. Initial Quality Survey for the second time in four years, while Chevrolet and Hyundai completed the top three and Dodge was last. More at The Detroit News.
+ Oil producer Saudi Aramco will purchase a 10 percent stake in joint venture to develope combustion engines between French carmaker Renault and Geely of China More at World Auto Forum.
+ Consumer Reports has compiled a list of 60 used vehicles to avoid with regard to reliability and maintenance costs, based on responses from its annual member surveys. More at Autoblog.
+ With Ferrari’s first all-electric sports car due to arrive next year, the Italian automaker plans to offer an extended battery warranty priced at $7,500 for its EVs and hybrids. More at Motor Authority.
+ Featured consignments at the annual Worldwide Auctioneers Auburn sale will include a 1932 Auburn 12-160A Boattrail Speedster and a pair of 1937 Miller-Gulf Indy racers. More at Old Cars.
+ British IMSA and Indy NXT driver Toby Sowery will get the first IndyCar Series start of his career at the Honda Indy 200 at Mid-Ohio on July 5-7 driving for Dale Coyne Racing. More at Speed Sport.
Photo courtesy of Worldwide Auctioneers.
Review the previous MCG Executive Briefing from June 28 here.
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