This highly original 1965 Ford GT40 roadster prototype, one of four, will star at RM Auction’s Monterey sale. Get all the latest car biz news in the Executive Briefing. -photo Pawel Litwinski © 2014 courtesy RM Auctions
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+ Toyota will recall 516,000 vehicles globally to correct three separate defects involving body corrosion, air bags, and braking systems. More at ABC News.
+ NASCAR has announced its 2015 Hall of Fame inductees: Bill Elliott, Fred Lorenzen, Wendell Scott, Joe Weatherly, and Rex White. More at USA Today.
+ Premium brake system supplier Brembo S.p.A. will invest $115 million to expand its manufacturing plant in Homer, Michigan. More at Crain’s Detroit Business.
+ Chinese automaker Great Wall Motors has agreed to build a $337 million assembly plant in Uzlovaya, Tula Oblast, Russia. More at Automotive Business Review.
+ Driver Kurt Busch is set to race in both the Indy 500 and the NASCAR Coca-Cola 600 in Charlotte on Sunday, the first to attempt the feat since Robby Gordon in 2004. More at the Sporting News.
+ The Obama administration officials who led the 2009 GM bailout say they were unaware of the ignition switch problems leading to the recall. More at The Detroit News.
+ Honda has slashed production at its Ayutthaya, Thailand plant by 60 percent in response to falling sales caused by political unrest. More at Reuters.
+ The new all-electric Formula E racing series has set a date for April 4, 2015 on the streets of Long Beach, California. More at the Long Beach Press-Telegram.
+ A 1965 Ford GT40 Roadster Prototype, chassis GT/108, is among the stars at the 2014 RM Auctions Monterey sale on Aug. 15-16. More at Sports Car Digest.
For the previous Executive Briefing from May 19, click here.
That particular GT40 is on my top five list of dream cars. Sad to say that I’m not a prospective buyer this time around.
On a totally different subject, the NASCAR Hall of Fame class for this year is truly impressive. Every inductee has a hero quality. Sure miss that in motorsports today.