This 1961 Porsche RS-61 currently owned by Sir Stirling Moss could bring up to $3 million at the Bonhams Goodwood Festival of Speed sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Tesla Motors is in line to receive $15 million in tax credits from the state of California in an economic development program designed to create jobs. More at The Detroit News.
+ Mercedes-AMG is researching the use of electric turbochargers, known as e-turbos, for its future compacts starting with the next-gen A-class sedans. More at Motor Trend.
+ Honda will restate its financial results for the last business year to account for about $360 million in additional costs generated by the Takata airbag recall. More at Reuters.
+ Porsche took its first overall victory in the Le Mans 24 Hours since 1998, with Formula 1 driver Nico Hulkenberg, Nick Tandy and Earl Bamber leading a one-two. More at Racer.
+ General Motors is reducing production of the Chevrolet Sonic and Buick Verano at its Orion Township, Michigan assembly plant and will lay off around 100 workers there by the end of 2015. More at the Detroit Free Press.
+ CarMax, the largest used car dealer network in America, has come under renewed fire from consumer groups for selling vehicles with open factory recalls. More at MSN Autos.
+ Lincoln will phase out assembly of the slow-selling MKS in 2016 at around the same time the 2017 Continental sedan goes into production. More at Edmunds.com.
+ Williams Formula 1 team co-founder and former technical director Patrick Head has been awarded a knighthood in the Queen’s 2015 Birthday Honours list. More at Yahoo! Sport UK.
+ A 1961 Porsche RS-61 currently owned by Sir Stirling Moss will be offered at the Bonhams Festival of Speed Auction on June 26th at Goodwood House. More at Sports Car Digest.
Read the previous Executive Briefing from June 12 here.