One of the fastest cars to ever turn a wheel at Indy, this ex-Scott Brayton 1995 Lola Buick/Menard will be offered at the Mecum Monterey auction in August. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Automotive supplier Robert Bosch is forecasting a five percent decline in global automotive production for 2019, after earlier projecting a slip of three percent. More at Automotive News Europe.
+ At the St. John’s Concours, General Motors Design chief Michael Simcoe reported that the 2020 C8 Corvette is nearly sold out of its first-year production run. More at Autoblog.
+ The current-generation Mercedes-AMG C63 will be the brand’s final rear-drive-only model, as its successors will be equipped with all-wheel-drive and drift mode. More at The Drive.
+ The Alfa Romeo Formula 1 team will appeal the time penalties handed out to both cars after the German Grand Prix, according to team principal Frederic Vasseur. More at Racer.
+ Cadillac’s best-selling vehicle, the XT5 five-passenger SUV, will receive a new base engine, nine-speed transmission, and other upgrades for the 2020 model year. More at the Detroit Free Press.
+ A new study determined that new car sales destination fees have increased nearly 45 percent over the past six years, from an average of $899 to $1,289 in 2018. More at USA Today.
+ Nine NASCAR teams failed pre-race inspection for the NASCAR Monster Cup event at Pocono Raceway, and their cars were moved to the rear of the field for the start. More at Jayski.
+ The Indian government has slashed taxes on electric vehicles and chargers to 5 percent as it seeks to encourage the use of more environmentally friendly cars. More at Reuters.
+ Two T95 Lolas driven by Scott Brayton at Indianapolis in 1995 and 1996 with Buick/Menard V6 power will be featured at the Mecum Monterey sale. More at Hemmings Daily.
+ The historic Ford Piquette Avenue Plant in Detroit, now a museum operated by the non-profit Model T Automotive Heritage Complex, has completed a major improvement project. More at Crain’s Detroit Business.
+ The Board of Directors of the Pikes Peak International Hill Climb have eliminated motorcycles from next year’s event and will study the move’s long-term impact. More at Road Racing World.com.
Review the previous Executive Briefing from July 26 here.
Photo by Mecum Auctions.
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