Star attractions at the annual Mecum Orlando auction, now expanded to four days, include this 1963 Corvette split-window coupe. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ While Ford maintains the lead in volume for the year to date, the Chevrolet Silverado outsold the Ford F-150 in the second quarter of 2021 in the perpetual pickup sales battle. More at The Drive.
+ Daimler AG reported preliminary adjusted group earnings before interest and tax (EBIT) of $6.42 billion for the second quarter, surpassing the targets of industry analysts. More at Reuters.
+ According to Ford EV chief Darren Palmer, the F-150 Lightning achieves near-price parity with the gasoline F-150 through through careful sourcing and economies of scale. More at Autoblog.
+ The NASCAR silly season is officially under way as Austin Cindric has been named to drive the no. 2 Team Penske Ford next year while Harrison Burton joins the Wood Brothers. More at NBC Sports.
+ General Motors and Stellantis each report they are idling plants due to the microchip shortage, affecting production of the Jeep Grand Cherokee and Chevy Equinox. More at The Detroit News.
+ The Aston Martin Valhalla due in 2023 will feature a 4.0-liter twin-turbo V-8 with 937 horsepower manufactured by AMG and a reduced list price in the $800,000 range. More at Car and Driver.
+ General Motors will invest more than $71 million to build a design center in Pasadena, California to focus on mobility ventures outside the scope of traditional vehicles. More at the Detroit Free Press
+ A fourth day has been added to the annual Mecum Orlando, Florida auction on July 28-31 with 1,000 collector cars, trucks, and motorcycles expected to cross the block. More at Classic Cars.com Journal.
+ The European Union has advanced legislation to end the production of fossil-fuel vehicles by 2035 and mandate EV charging stations every 60 kilometers along major routes. More at Autoweek.
+ After 35 years of hosting NHRA national drag racing events, Houston Raceway Park will close at the end of 2022 and be demolished to make room for a business-industrial park. More at Performance Racing Industry.
Photo courtesy and copyright of Mecum Auctions.
Review the previous Executive Briefing from July 12 here.
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