This 1949 Ford F1 is one of 39 vehicles from the Lambert collection headed for auction in Hebron, Nebraska. Get all the latest automotive news in the Executive Briefing.
Today’s headlines:
+ Volkswagen lowered its full-year guidance and recorded a 29 percent drop in second-quarter profit, reporting that the company lost $1.5 billion due to U.S. import tariffs. More at CNBC.
+ French culture minister Rachida Dati and former Renault and Nissan head Carlos Ghosn were ordered to face a corruption trial iin France in a case involving consulting fees. More at The Detroit News.
+ Under White House direction, the Environmental Protection Agency (EPA) is planning to rescind a directive that methane and CO2 emissions are a hazard to public health. More at Car and Driver.
+ F1 champion Max Verstappen voiced his disapproval of an 80-minute rain delay at the start of the Belgian Grand Prix, warning that there may “never be classic wet races” again. More at Motorsport Week.
+ Detroit Axle is shutting down its warehouse on Eight Mile Road and permanently eilminating 102 jobs, with CEO Mike Musheinesh placing the blame squarely on tariffs. More at the Detroit Free Press.
+ Kia announced it will adjust its business operations and reduce its retail sales incentives in the United States to further mitigate the impact of the U.S. auto tariffs. More at CBT News.
+ A 2001 Acura Integra Type R sold for $204,204 on Bring A Trailer, demonstrating that younger enthusiasts are selecting their own favorites in the collector car market. More at The Drive.
+ The National Highway Traffic Safety Administration has closed a 14-month investigation into minor collisions involviing Waymo self-driving vehicles without taking further action. More at World Auto Forum.
+ The Roger and Darlene Lambert Classic Car Collection of 39 vintage cars and trucks will be offered at auction on Saturday, August 9 in Hebron, Nebraska by Vanderbrink Auctions. More at Old Cars.
+ NASCAR Cup veteran Denny Hamlin, now 44 years old, has signed a contract extension to remain in his Toyota seat at Joe Gibbs Racing for another two years. More at ESPN.
Photo courtesy of Vanderbrink Auctions.
Review the previous MCG Executive Briefing from July 25 here.
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According to the Internet, the NHTSA investigation into Waymo was closed after a decision that an over the air software update “solves”(patches?) a “potential flaw” (glitch?) in the fifth generation Waymo Automated Driving System (WADS) concerning how it detects and reacts to stationary objects such as gates, chains, construction barricades and parking garages (railroad crossings also???) that a human driver would normally avoid…
Thanks for your insider insights. Much appreciated.