At $3.65 million, this 1967 Ferrari 275 GTB/4 was the top sale at the Bonhams|Cars Chéserex auction. Get all the latest automotive news in the Executive Briefing.
Today’s Headlines:
+ Only 15 out of the 129 brands that currently market electric vehicles and plug-in hybrids in China will be financially viable by 2030, according to consultants AlixPartners. More at Yahoo! Finance.
+ Rivian Automotive reported a decline of 22.7 percent in second-quarter deliveries as demand for its electric vehicles took a hit from stiff competition and tariff difficulties. More at CNBC.
+ President Donald Trump announced that the U.S. could impose tariffs of up to 35 percent on Japanese imports starting July 9, following the expiration of a 90-day pause. More at CBT News.
+ NASCAR Cup veteran and 2016 Xfinity champion Daniel Suarez will not return to his Cup ride at Trackhouse Racing in 2026, the team and the driver jointly announced. More at Fox Sports.
+ According to Stellantis, more than 10,000 orders were received for 2026 Ram 1500 pickups in the first 24 hours after the company announded the return of the 5.7-liter Hemi V8. More at Car and Driver.
+ For the China market, Xpeng has officially launched its new G7 electric SUV, which is said to be a direct competitor to the Tesla Model Y but has a starting price of $27,325. More at Electrek.
+ Audi has no plans to raise prices in response to import tariffs, though deliveries fell 19 percent in the three months ending in June, its sixth consecutive quarterly decline in the USA. More at The Detroit News.
+ Top sellers at the annual Bonhams| Cars sale in Chéserex, Switzerland included a 1967 Ferrari 275 GTB/4, a 2022 Ferrari 812 GTS Hardtop, and a 1974 Dino 246 GTS. More at Old Cars.
+ Tesla faces another year of shrinking sales after it posted another drop in quarterly deliveries, hobbled by CEO Elon Musk’s political activities and an aging vehicle line-up. More at World Auto Forum.
+ Veteran American motorsports executive Tim Mayer is set to announce a campaign to run for president of the FIA after being released from the governing body last year. More at Racer.
Photo courtesy of Bonhams.
Review the previous MCG Executive Briefing from June 30 here.
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