A barn find collection of 20 rare Ferraris recovered from Hurricane Charley will be offered at the RM Sotheby’s Monterey auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors will invest more than $500 million in its Arlington, Texas assembly plant to prepare for the production of it next-generation, full-sized internal combustion SUVs. More at Reuters.
+ According to the Manheim Used Vehicle Value Index, wholesale used car prices fell 7.6 percent in May over the same month last year, but are not expected to reach pre-pandemic levels. More at The Drive.
+ Sources say the 2024 Cadillac Escalade will feature a full-width, pillar-to-pillar infotainment display panel similar to that of the Cadillac Celestiq ultra-luxury sedan EV. More at GM Authority.
+ With drivers Antonio Giovanazzi, James Calado, and Alessandro Pier Guidi, Ferrari won the 24 Hours of Le Mans for the 10th time in the marque’s history and for the first time since 1965. More at Racer.
+ Ford will no longer include the 20-ft mobile charging cable as standard equipment on the Mustang Mach-E EV, instead offering the FMC cable with CCS connector as a $500 accessory. More at Autoblog.
+ According to a Washington Post analysis of National Highway Traffic Safety Administration data, Teslas with Autopilot are involved in more crashes than previously reported. More at The Detroit News.
+ Schneider National has constructed an electric charging depot at its operations center in Southern California to power its fleet of 100 Freightliner eCascadia electric semis. More at Commercial Carrier Journal.
+ Felicity Jones has agreed to star in a television series for Piecrust Pictures about a family-owned Formula 1 operation that appears to be modeled on the Williams family. More at Motor Authority.
+ The Walter Medlin collection of 20 rare vintage Ferraris recovered from a collapsed barn following Hurricane Charley will be offered at the RM Sotheby’s Monterey auction. More at Autoweek.
+ At Milan Dragway west of Detroit, veteran drag racer Keith Hallett, 78, was struck and killed when a funny car suffered a malfunction in reverse gear at the starting line. More at The Monroe News.
Review the previous MCG Executive Briefing from June 9 here.
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