Aston-Martin is well under way with production of its DB5 continuation series, priced at just over $3 million each. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ In its 2019 financial report, the Williams Formula 1 team disclosed that it has terminated its sponsor deal with ROK Drinks and is seeking a buyer or major investor. More at Speedcafe.
+ Honda’s premium Acura brand has revealed the latest version of the TLX luxury sedan due in 2021 with two turbocharged engine choices and a revived Type S model. More at Autoblog.
+ French carmaker Renault is poised to announce 15,000 layoffs worldwide today, 4,500 of them in France, as it restructures to control costs and improve profitability. More at Reuters.
+ Ford is testing a software plugin for its Police Interceptor models that will raise the cabin temperature to 133 degrees for 15 minutes to neutralize the COVID-19 virus. More at Car and Driver.
+ The FIA World Motor Sport Council formally approved major Formula 1 rule changes for the next three years, including budget caps and aerodynamic testing restrictions. More at Racer.
+ As anticipated. Fiat Chrysler Automobiles will discontinue the Dodge Grand Caravan in August, leaving the Chrysler Pacifica and Voyager as the automaker’s only minivans. More at The Drive.
+ General Motors will add second and third shifts at its Flint, Fort Wayne, and Wentzville truck plants as the company fights to overcome parts delays. More at The Detroit News.
+ Tesla announced a series of price cuts on current models, including $2,000 on the Model 3, $5,000 on the Model S sedan, and $5,000 as well on the Model Y SUV. More at Autoweek.
+ Michigan, nearly two dozen other states, and several cities filed a legal challenge to the Trump administration’s rollback of Obama-era fuel mileage standards. More at the Detroit Free Press.
+ Aston Martin has launched production of its 25 authentic DB5 continuation cars, equipped with James Bond-style gadgets and priced at more than $3 million each. More at Classic Cars.com Journal.
+ Several World Endurance Championship teams are calling for a reduction in events in 2021 from eight to five or six due to the economic fallout from the COVID-19 pandemic. More at Motorsport.com.
Review the previous Executive Briefing from May 25 here.
Photo courtesy of Aston Martin.
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