This famed Porsche 956 Group C racer, winner at Le Mans in 1983, could bring up to $9 million at the Gooding and Company Pebble Beach sale in August. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors has formally registered the names Manta Ray and Corvette Manta Ray with the United States Copyright Office. More at AutoGuide.com.
+ Takata president Shigehisa Takada made his first public apology for the eight deaths and hundreds of injuries related to the company’s air bag defects. More at Bloomberg.com.
+ Alfa Romeo has unveiled its long-awaited Giulia mid-sized sedan, which is intended to compete with the BMW 3 Series and Mercedes C-Class. More at Motor Trend.
+ The United Auto Workers will formally open contract talks with GM on July 13, Fiat Chrysler on July 14, and Ford on July 23. More at the Detroit Free Press.
+ FIA president Jean Todt (LEFT) says he is “frustrated” by Formula 1’s small teams complaining about their commercial arrangements. More at Racer.
+ Lotus Cars USA will move its operations headquarters from Lawrenceville, Georgia to Ann Arbor, Michigan, under one roof with its engineering facility. More at Autoblog.
+ German auto supplier ZF Friedrichshafen AG will invest more than $71 million and add 571 jobs in expanding its Northville Township, MI technical center. More at Crain’s Detroit Business.
+ GM reported that it will take a $600 million special charge against second quarter 2015 earnings as it devalues its Venezuela operations. More at The Detroit News.
+ Motorcycle racer Carl Sorensen, 39, was killed at the Pikes Peak Hill Climb when his Kawasaki left the course near the 14,115-ft. summit. More at Motorsport.com.
+ The Porsche 956 that won the 1983 Le Mans 24 Hours will be offered at the Gooding and Company Pebble Beach 2015 auction on August 15-16. More at Sports Car Digest.
Photo courtesy of Gooding and Company.
Read the previous Executive Briefing from June 22 here.