A 2006 Ford GT with only 11.7 miles on the odometer is expected to bring up to $340,000 in the Sotheby’s/RM Sotheby’s online auction. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Two leading industry watchers say the automakers are “rapidly downshifting” to prepare for a sustained downturn in the world’s two largest car markets, China and the USA. More at Bloomberg.com.
+ Production chief Oliver Zipse will become CEO at BMW to succeed Harald Krueger, forced out by a weak earnings report and a too-slow transition to electric vehicles. More at Automotive News Europe.
+ At the Goodwood Festival of Speed, Consolidated Ideal TeamVentures, current owners of the De Tomaso brand, unveiled a reimagined Pantera P72 concept. More at Autoblog.
+ NASCAR driver Justin Haley and his Spire Motorsports Chevrolet managed a major upset in the Daytona Monster Cup race at Daytona when the race was called due to rain. More at Jayski.
+ Cruise, General Motors’ self-driving vehicle company, disclosed that the U.S. government approved a $2.25 billion investment by Japan’s SoftBank Corporation. More at Reuters.
+ Volkswagen and Ford have formed an engineering partnership with Ford adopting VW’s MEB electric vehicle platform and VW using Ford’s autonomous technology. More at The Drive.
+ Automobile sales in China for the first quarter of 2019 dropped 12.2 percent for General Motors, while Ford’s sales results slumped by 21.7 percent. More at Financial World.
+ At Goodwood, Porsche unveiled the latest version of the 911 RSR, designed to compete in the FIA World Endurance Championship and IMSA in the USA. More at CNET Roadshow.
+ A 2006 Ford GT with only 11.7 miles could bring $280,000 to to $340,000 in an online single-lot auction offered by Sotheby’s and RM Sotheby’s. More at Classic Cars.com Journal.
+ Juncos Racing’s Victor Franzoni was released from the hospital where he was rushed following a scary crash in the IMSA event at Canadian Tire Motorsport Park. More at Racer.
Review the previous Executive Briefing from July 5 here.
Photo by Theodore W. Pieper courtesy and copyright RM Sotheby’s.
Have you joined Mac’s Motor City Garage on Facebook? It’s lots of fun with rare photos, lore, trivia, and great discussions. Click here to go the page and join MCG. Be sure to check out our companion Facebook group MOTOROLOGY, too.