This 1964 Cobra Daytona Coupe is expected to bring $25 million or more at the Gooding Christie’s auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The National Highway Traffic Safety Administration (NHTSA) has denied a petition seeking to open an investigation into the hidden manual door releases on the Tesla Model 3. More at Electrek.
+ Toyota Chairman Akio Toyoda warns the company is experiencing “a considerable sense of crisis,” framing complacency, not competition itself, as the existential threat. More at Automotive World.
+ General Motors is investing another $430 million in expansions and technology upgrades to its manufacturing plants in Wentzville, Missouri and Spring Hill, Tennessee. More at Autoblog.
+ Formula 1 officials have confirmed that the Bahrain Grand Prix, postponed due to the war in Iran, will be replaced by the Gulf Air Bahrain Grand Prix in Malaysia on October 5. More at Racer.
+ A new study from the Insurance Institute for Highway Safety (IIHS) determined that Waymo‘s driverless vehicles crashed 68 percent less often than human-driven vehicles. More at CBT News.
+ Ford Motor is recalling 565,691 Bronco vehicles from the 2021‑2026 model years due to a risk of engine‑compartment fires caused by a potentially damaged wiring harness. More at USA Today.
+ A sequel to the 1990 NASCAR-themed movie Days of Thunder is reportedly now in development, with actor Tom Cruise and original director Jerry Bruckheimer on board. More at Car and Driver.
+ According to the latest JD Power APEAL Index, electric vehicle owners have a greater emotional attachment to their machines than the owners of internal-combustion vehicles. More at Autoweek.
+ CSX2300, the third of six Cobra Daytona Coupes ever built, is expected to bring $25 million or more at the Gooding Christies Pebble Beach auction on August 14-15. More at Old Cars.
+ Seven-time NASCAR Cup champion Jimmie Johnson announced he will make his final Cup start at the 2027 Daytona 500, borrowing the number 48 from Hendrick Motorsports. More at Yahoo! Sports.
Photo courtesy and copyright of Gooding Christie’s.
Review the previous MCG Executive Briefing from July 24 here.
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