This regal 1931 Chrysler Imperial Convertible Victoria by Waterhouse could bring up to $725,000 at this weekend’s RM Auctions Motor City sale. Get all the latest car biz news in the Executive Briefing. –Photo by Darin Schnabel © 2014 Courtesy of RM Auctions
Links open in new windows
+ Ford Motor Co. beat analysts’ expectations as second-quarter earnings rose 6.3 percent over the same period a year ago, topping $1.3 billion. More at USA Today.
+ Subaru faces a class-action lawsuit over charges of excessive oil consumption in 2011-2014 vehicles equipped with 2.0L and 2.5L four-cylinder engines. More at Autoblog.
+ Roger Penske and Australian Dick Johnson reportedly will partner in a V8 Supercars team, with Marcos Ambrose named as a possible driver. More at the Daily Telegraph.
+ General Motors has announced six more recalls affecting more than 822,000 vehicles to correct defects in seats, air bags, and turn signals. More at The New York Times.
+ The head of the National Highway Traffic Safety Administration says in-car technology to prevent children from suffering heatstroke isn’t ready. More at The Detroit News.
+ Bill Bader, Jr., the owner of Summit Motorsports Park in Norwalk, Ohio, is considering relocating the NHRA drag racing facility to a larger site. More at Competition Plus.
+ Bharat Forge Ltd., India’s second-largest auto parts supplier, seeks to expand into the aerospace industry to weather the cyclical slumps of the auto sector. More at Bloomberg.com.
+ An Acura 2016 NSX prototype caught fire and burned to the ground while testing at the Nürburgring in Germany. More at Motor Trend.
+ Darrell Wallace, Jr. outran Kyle Larson to win the Camping World Truck Series event at Eldora, NASAR’s only major dirt track race. More with video at Sporting News.
+ This Saturday’s RM Auctions Motor City sale will feature a full slate of Detroit classics, including a Gar Wood speedboat and a Waterhouse-bodied 1931 Chrysler. More at Old Cars Weekly.
For the previous Executive Briefing from July 21, click here.