This muscular 1911 EMF 30 factory racer is expected to bring up to $200,000 at the inaugural Bonhams Amelia Island auction next week. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Ford Motor Co. announced it will price the next-generation 2016 Ford GT at $400,000 and limit production to 250 units per year. More at The Detroit News.
+ Izzy Valenzuela, who appeared on the Discovery channel show Street Outlaws, has been arrested and charged with two counts of murder for participating in a Los Angeles street racing crash on Feb. 25 that left two dead. More at TMZ.
+ General Motors has hired Jonathan Halvorson to serve as director of global media strategy and branded entertainment effective April 1. More at Advertising Age.
+ Authorities in Delaware have declined to prosecute NASCAR driver Kurt Busch for alleged domestic abuse charges made by ex-girlfriend Patricia Driscoll. More at USA Today.
+ Mazda has begun production of the next-generation 2016 MX-5 Miata at its main assembly plant in Ujina, Hiroshima, Japan. More at Motor Trend.
+ Southfield, Michigan-based parts supplier Chassix Inc. says its bondholders agreed to refrain for a month from pursuing a default after the company missed an interest payment. More at Crain’s Detroit Business.
+ At the New York Auto Show next month, Chevrolet will introduce an all-new 2016 Malibu with a four-inch greater wheelbase and its curb weight reduced 300 lbs. More at Autoblog.
+ Fiat Chrysler CEO Sergio Marchionne earned about $7.24 million in 2014, up about 45% from his total compensation a year earlier. More at the Detroit Free Press.
+ More than 80 automobiles and 100 lots of automobilia will be offered at the inaugural Bonhams Amelia Island Sale on Thursday, March 12. More at Sports Car Digest.
+ McLaren Formula One driver Fernando Alonso will not drive in the season opener in Melbourne due to injuries suffered in a testing crash in Barcelona. More at BBC Sport.
For the previous Executive Briefing from March 2, click here.