At $1.416 million, this 1955 Mercedes-Benz 300SL was the top-selling vehicle at the Artcurial Return to the Rock auction in Monaco. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ General Motors chairman and CEO Mary Barra says she expects the COVID-19 pandemic to ebb soon, leading to a rapid economic recovery in 2021. More at The Detroit News.
+ Tesla reported its fourth consecutive quarter of profits, easily exceeding analysts’ projections, as the electric car maker also predicted sales of 500,000 vehicles in 2020. More at CNBC.
+ Tesla also announced that the carmaker will build the gigafactory for its upcoming Cybertruck on a 2,100-acre plot a few miles southeast of downtown Austin, Texas More at The Drive.
+ Formula 1 is adding three more races to its shortened 2020 schedule at the ,Nürburgring, Portimao, and Imola, with race dates in the fall to be announced later. More at Grand Prix 247.
+ Lotus will build a new research and development center on the campus of the University of Warwick, UK, in partnership with the Warwick Manufacturing Group. More at Auto Futures.
+ Two important USA model rollouts for Hyundai’s premium Genesis brand, the G80 sedan and the GV80 SUV, have been delayed until autumn by the COVID-19 outbreak. More at Car and Driver.
+ The son of former Nissan chairman Carlos Ghosn made large payments in cryptocurrency to one of the Americans who helped him escape from Japan, U.S. prosecutors say. More at Reuters.
+ Jaguar Land Rover and the University of Cambridge are developing a touchless touchscreen on which drivers need only point to rather than touch items on the screen. More at Autoblog.
+ The Return to the Rock sale of vintage fashion, jewelry, and cars hosted by Artcurial in Monaco generated $16.1 million in sales, including $8.3 million in autos. More at Classic Cars.com Journal.
+ NASCAR announced that the remainder of the races in the 2020 season in Cup, Xfinity, and Trucks will be held without practice of qualifying to limit exposure to COVID-19. More at NBC Sports
Review the previous Executive Briefing from July 20 here.
Photo courtesy of Artcurial.
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