Finding a new home at $144,100, this numbers-matching 1960 Corvette was among the top 10 sellers at the Barrett-Jackson Northeast Auction. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Fiat Chrysler Automobiles would suffer huge losses on cars exported to the USA, including the Jeep Renegade, under President Trump’s proposed tariffs. More at Automotive News Europe.
+ Alphabet Inc’s self-driving unit Waymo will need “a large number” of cars to expand its robot taxi service to Europe, according to chief executive John Krafcik. More at UK This is Money.
+ Morrison Industries, a packaging supplier to Ford and General Motors, opened a new 50,000 square-feet facility for 500 workers in Novi, just northwest of Detroit. More at The Detroit News.
+ General Motors has unveiled a new 7.2 kilowatt charging system for the Chevy Volt extended-range hybrid for 2019 that cuts recharging time in half to 2.3 hours. More at Motor Trend.
+ The Indianapolis Motor Speedway will add a dirt track event to its Brickyard 400 NASCAR weekend with a quarter-mile oval in the infield for USAC Midgets. More at Motorsport.com.
+ The Kroger Company, America’s largest supermarket chain, will field test driverless delivery vans developed by Nuro, a Silicon Valley company, starting this autumn. More at Autoblog.
+ A new exhibit at the National Corvette Museum in Bowling Green, Kentucky, on display through January 4, 2019, celebrates the 100th anniversary of the Chevrolet brand in racing. More at Hemmings Daily.
+ Dodge has rolled out a successor to the just-discontinued Challenger Demon, the Challenger Hellcat Redeye with 797 hp in both standard and wide-body versions. More at Road & Track.
+ The Barrett-Jackson Northeast 2018 auction at the Mohegan Sun in Uncasville, Connecticut produced $24.9 million in total reciepts and 658 vehicles sold. More at Sports Car Digest.
+ Red Bull driver Daniel Ricciardo insists that the Formula 1 team’s decision to switch from Renault to Honda power units in 2019 will not have an impact on his own future. More at Racer.
Review the previous Executive Briefing from June 25 here.
Photo courtesy of Barrett-Jackson.
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Am I right in thinking that there is already a dirt oval in Indianapolos? If so they are cutting that tracks lunch by running midgets at the speedway. I know in the past it has been part of the month of May.
A thought crossed my mind while reading this latest speed bulletin while watching the action department at Dodge. It was only the rich man’s son that would be buying these factory made sleepers years ago. I was always one to enjoy doing my own hopping up of the car of my choice years ago that I could fit into my budget . All of these years later the market has gone all out to stretch themselves to these extremes.Buy one and go racin .
Tariffs are a horrible idea that will cripple the auto industry. Steel prices are already up 25 percent to no one’s surprise at all.