This 1937 Talbot-Lago teardrop coupe sold for a record $13.425 million at the Gooding & Company Amelia Island sale. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Sony and Honda have officially formalized plans to manufacture electric vehicles together with a memorandum of understanding that targets production in 2025. More at The Drive.
+ Tesla has been granted conditional approval to begin commercial production at its new $5.5 billion assembly plant near Berlin, local German officials announced late last week. More at CNBC.
+ After years of lobbying by SEMA, the National Highway Traffic Safety Administration (NHTSA) has officially implemented the Low Volume Motor Vehicle Manufacturers Act. More at Car and Driver.
+ With immediate effect, the Haas Formula 1 team has terminated its contracts with driver Nikita Mazepin and sponsor Uralkali in response to the Russian invasion of Ukraine. More at ESPN.
+ Troubled Michigan-based commercial EV maker Electric Last Mile Solutions (ELMS) will lay off about 25 percent of its workforce as it reorganizes around its core business. More at Reuters.
+ This year’s winner of the Detroit Autorama’s Ridler Award, a top prize of the hot rod world, is a 1931 Chevrolet owned by Rick and Patty Bird of Bellefonte, Pennsylvania. More at In The Garage Media.
+ A 1937 Talbot-Lago T-150-C-SS teardrop coupe by Figoni et Falaschi was the star of the Gooding & Company Amelia Island sale, trading hands for a record $14.425 million. More at Hemmings Daily.
+ The National Hot Rod Association (NHRA) has crafted new regulations that allow 2014 and newer muscle cars to race in the 9-second bracket at 150 mph without roll cages. More at Autoblog.
+ General Motors has sold off its stake in Lordstown Motors, further depressing the share price of the troubled electric truck maker, which has fallen from $29 to $2.29. More at Motor Authority.
+ Tim Considine, who played oldest son Mike on the TV show My Three Sons and then went on to a long and successful career as a racing author, has passed away at 81. More at Autoweek.
+ Hendrick Motorsports teammates Kyle Larson and Chase Elliott have met and reconciled over the contact in the Fontana NASCAR Cup race that sent Elliott into the wall. More at Motorsport.com.
Photo courtesy and copyright of Gooding & Company.
Review the previous Executive Briefing from March 4 here.