This 1959 Ferrari 250 GT Competizione Alloy Berlinetta will be among the headliners at the Bonhams Quail Lodge sale on August 14. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Fisker Automotive, now owned by Wanxiang of China, plans to resume vehicle production in a new plant in Moreno Valley, California, 60 miles east of Los Angeles. More at Autoblog.
+ A year-long audit by the Transportation Department’s Office of Inspector General has uncovered multiple systemic failures and staff shortages at the National Highway Traffic Safety Administration. More at The Detroit News.
+ Spanish automotive supplier Gestamp will build a new stamping facility in Tennessee to supply the Volkswagen Chattanooga plant, providing 500 jobs. More at Reuters.
+ Formula 1 supremo Bernie Ecclestone says he does not believe Red Bull will follow through on its recent threats to quit the championship. More at Racer.
+ Sales of Mercedes-Benz’s luxury Maybach brand are soaring in China, with buyers snapping up the $230,000 sedans at a rate of 500 units per month. More at Bloomberg.com.
+ The Environmental Protection Agency has proposed tough new standards for medium and heavy-duty trucks, aiming to slash carbon emissions and fuel consumption by 24 percent. More at Motor Trend.
+ Nearly a dozen Ferraris will be among the featured offerings at the Bonhams Quail Lodge 2015 auction during the Monterey Classic Car Week. More at Sports Car Digest.
+ At Kentucky in July, NASCAR will introduce an aerodynamic package on Sprint Cup cars with reduced downforce to improve competition. More at Sporting News.
Photo courtesy of Bonhams.
Read the previous Executive Briefing from June 19 here.