WeatherTech CEO David MacNeil has reportedly purchased this 1963 Ferrari 250 GTO for around $80 million, the highest price ever paid for a collector car. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ In Balocco, Italy, Fiat Chrysler Automobiles CEO Sergio Marchionne laid out the company’s latest five-year plan, which includes more electric vehicles and an expanded Jeep brand. More at The Detroit News.
+ Ford announced that F-series pickup sales increased 11.3 percent in May to nearly 85,000 units, marking 13 straight months of gains and the best May since 2000. More at AutoGuide.
+ German Transport Minister Andreas Scheuer has threatened to fine Daimler $4.4 billion for its role in the diesel emissions scandal, Spiegel magazine reported on Friday. More at Reuters.
+ Mercedes racing boss Toto Wolff says that Formula 1’s current revenue stream based on sanctioning fees is not sustainable and the series will seek income elsewhere. More at Motorsport.com.
+ Legal documents filed in recent weeks indicate that Ford Motor Company has consummated a deal to purchase the historic Michigan Central Station in Detroit. More at the Detroit Free Press. 2
+ Sunday’s IndyCar race in Detroit was delayed when the Corvette pace car driven by General Motors executive Mark Reuss crashed on the pace lap. More at the Indianapolis Star.
+ Fiat Chrysler Automobiles has confirmed plans for the Ram Rebel TRX, a pickup powered by the 707-hp Hellcat V8 due to arrive in showrooms in 2022. More at Road & Track.
+ Porsche announced it will temporarily limit sales volume in Europe due to a change in emissions testing procedures that goes into effect September 1. More at Automotive News Europe.
+ WeatherTech CEO David MacNeil has reportedly purchased a 1963 Ferrari 250 GTO for approximately $80 million, the highest price ever paid for a collector car. More at CarBuzz.
+ Kyle Busch’s No. 18 Joe Gibbs Racing Toyota failed post-race inspection after its Xfinity series victory at Pocono when its ride height was found to be out of range. More at Auto Racing Daily.
Review the previous Executive Briefing from June 1 here.
Photo courtesy of DK Engineering.
Have you joined Mac’s Motor City Garage on Facebook? It’s lots of fun with rare photos, lore, trivia, and great discussions. Click here to go the page and join MCG. Be sure to check out our companion Facebook group MOTOROLOGY, too.
If you don’t crash once in a while, you’re not trying hard enough. Too bad it had to be on the pace lap at the Detroit Grand Prix.
The exposure that @Chevrolet and its Corvette brand got yesterday due to ZR1 pace car crash was more than 70 times’ worth the exposure it got during @DetroitGP’s race No. 1 Saturday, per Apex Marketing Group (@ApexMGAnalytics).