Showing only 24 miles on the odometer, this 1981 DeLorean DMC-12 will be among the headliners at the Historics at Brooklands sale on Sunday, June 6. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors will invest $119 million in its Grand Rapids Operations plant in Wyoming, Michigan, where machined parts are produced, adding 300 jobs. More at MLive.
+ The Michigan Secretary of State has suspended the licenses of five Detroit used car dealers accused of trafficking in stolen vehicles and parts. More at WXYZ Detroit.
+ Shell has launched a new grade of gasoline priced above premium, V-Power Nitro+, with claims that the fuel will reduce engine wear and increase efficiency. More at USA Today.
+ The Buick division of General Motors has reduced the base price by $2,000 on its Verano and Regal sedans with new 1SV models offering fewer standard features. More at The Detroit News.
+ Officials at an FIA Formula 3 event in Monza, Italy stopped the event and parked the entire field after 9 of 19 laps due to poor and dangerous driving. More at Fox Sports.
+ The University of Michigan’s autonomous driving research center in Ann Arbor, which includes a 4.2-mile test course, will open in July. More at the Detroit Free Press.
+ Wall Street is closely watching the next round of sales reports from Ford and General Motors, anticipating a potential runup in the companies’ share prices. More at Reuters.
+ For the second time, Texas lawmakers have blocked efforts by Tesla Motors to market its cars directly in the state, bypassing traditional dealers. More at Bloomberg.com.
+ A 1981 DeLorean DMC-12 with only 24 miles could break the $77,499 auction record for a standard production DeLorean at the Historics at Brooklands sale June 6. More at Hemmings Daily.
+ Two course workers were injured, one seriously, when an Aston Martin racecar slammed into a safety truck in the TUDOR United SportsCar Championship race at Belle Isle in Detroit on Sunday. More at Fox Sports.
Photo courtesy of Historics at Brooklands.
Read the previous Executive Briefing from May 29 here.