At $1.15 million, this 1968 Lamborghini Miura P400 was the top sale of the Artcurial Monaco auction. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Upstart electric truck maker Rivian Automotive, which already operates a plant in Illinois, plans to build a second U.S. assembly plant that will include battery cell production. More at TechCrunch.
+ South Korean carmaker Hyundai reported its best quarterly profits in nearly six years, propelled by solid demand for SUVs and its premium-brand Genesis vehicles. More at Reuters.
+ Mercedes-Benz reports that all its new vehicle platforms created from 2025 forward will be electric only, and that the company plans to have an all-electric product line by 2030. More at CNET Roadshow.
+ As rumored for weeks, NASCAR 2012 champion Brad Keselowski will leave Team Penske at the end of 2021 to become a driver and team co-owner at Roush Fenway Racing. More at ESPN.
+ Volvo Cars has agreed to take control of its China ventures from parent Geely Automobile Holdings Ltd., potentially boosting its valuation for a planned stock sale. More at The Detroit News.
+ According to data from Kelly Blue Book, average new car transaction prices in June soared to another record of $42,258, a 6.36 percent increase over the same month last year. More at Autoblog.
+ Supercar builder SSC admitted that its 1750-hp Tuatara did not reach the originally claimed speeds of 331 or 301 mph in its controversial record run in Nevada last year. More at Car and Driver.
+ GMC confirmed that it will offer a full-size electric pickup similar to the Sierra and sharing some components from the Hummer EV, but has not chosen a name yet. More at The Drive.
+ The Artcurial Motorcars Monaco auction at the Hôtel Hermitage in Monte Carlo recorded $7.7 million in sales, including $1.15 million for a 1968 Lamborghini Miura. More at Classic Cars.com Journal.
+ Helio Castroneves, who at 46 won his fourth Indianapolis 500 this year driving for Meyer Shank Racing, has landed a full-time seat with the IndyCar team for next season. More at IndyStar.
Photo courtesy of Artcurial Motorcars.
Review the previous Executive Briefing from July 19 here.
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