Pre-sale estimates range from $2.6 million to $3.2 million for this 1925 Bugatti Type 35 Grand Prix to be offered at the Gooding Scottsdale auction on January 20-21. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The General Motors Cadillac division has delayed the launch of the controversial Pinnacle plan for its 925 U.S. dealers a second time, from January to April 2017. More at The Detroit News.
+ Jaguar Land Rover CEO Ralf Speth says the India-owned automaker wants to build its future electric vehicles at plants in the United Kingdom. More at Automotive News Europe.
+ Ford CEO Mark Fields and Ford of Europe executive vice president Jim Farley will introduce the 2018 Fiesta at a presentation this week in Cologne, Germany. More at Autoblog.
+ Groups at Volkswagen and sibling brands are reportedly locked in battle over which divisions will develop the next generation of electric vehicles to replace its troubled diesel models. More at Reuters.
+ In the season finale, Nico Rosberg won the 2016 Formula 1 world driver title, while Mercedes team officials were displeased with teammate Lewis Hamilton’s seeming lack of cooperation. More at the UK Sun.
+ According to an Edmunds survey, 32 percent of retail car buyers so far this year were upside-down in their trade-in values, a record high, requiring them to borrow greater amounts. More at the Detroit Free Press.
+ British performing artist and animal rights activist Morrissey is asking General Motors to replace the leather in its Chevrolet Volt and Bolt models with synthetic materials. More at USA Today.
+ Porsche CEO Oliver Blume told the German newspaper Automobilwoche that the automaker plans to sell 20,000 Mission E sedans per year. More at Motor Trend.
+ A prime selection of classic pre-war vehicles will be presented at the Gooding Scottsdale auction in January, including a Bugatti Type 35 and a 1928 Bentley. More at Sports Car Digest.
+ Four-time IndyCar champion Scott Dixon, now 36, says he has “a good four, five or six years” before he considers retirement, and may extend his career beyond that in sports cars. More at Motorsport.com.
Review the previous Executive Briefing from November 25 here.
Photo by Bill McGuire for Mac’s Motor City Garage.
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