Hammering down for $638,000, this 1967 Ferrari 330 GTC in excellent original condition was the top seller at the Auctions America Hilton Head sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The United Auto Workers have reached a tentative contract with Ford, the last of the Detroit Three to achieve a deal in the current contract cycle, but the GM agreement has hit a snag with skilled trades members. More at The Detroit News.
+ The Süddeutsche Zeitung, Germany’s largest daily newspaper, reports that Volkswagen executives are fearful of traveling in the United States due to potential arrest in the ongoing diesel emissions scandal. More at Reuters.
+ Michigan-based auto supplier Visteon posted a $5 million net profit in the third quarter, reversing a loss for the same period last year. More at Crain’s Detroit Business.
+ Struggling airbag maker Takata appears to be on life support after yet another major customer, Nissan, has cut ties with the company. More at Bloomberg.
+ Yamaha rider Jorge Lorenzo has won his third MotoGP title in five years with a victory at the season-ending Valencia Grand Prix. More at the UK Guardian.
+ French Prime Minister Manuel Valls said he is opposed to a full merger of Renault and Nissan, but wishes to see the current alliance between the two automakers maintained. More at France 24.
+ Ford reported a strong month in China in October, recording a 7 percent sales increase with the delivery of 95,185 vehicles. More at the Detroit Free Press.
+ Hyundai Motor Company reports it is turning its Genesis lines of sedans and coupes into a standalone global luxury brand with six new models by 2020. More at Motor Trend.
+ Fiat is teasing fanciful renderings of its new Miata-based 124 sports roadster, which may be unveiled at the Los Angeles Auto Show later this month. More at Autoblog.
+ The Auctions America Hilton Head 2015 sale on October 31 at the Westin Hilton Head Island Resort generated in $5.4 million in total sales and a 67 percent sell-through rate. More at Sports Car Digest.
+ FIA president Jean Todt has apologized for the scheduling clash that pits next year’s 24 Hours of Le Mans 24 against Formula 1’s inaugural race in Azerbaijan. More at Racer.
Read the previous Executive Briefing from November 6 here.
Photo courtesy of Auctions America.
> Hyundai Motor Company reports it is turning its Genesis lines of sedans and coupes into a standalone global luxury brand with six new models by 2020
Didn’t work for Mazda’s Amati, Nissan’s Infiniti or Honda’s Acura. I think they’re pushing their luck. Hyundai already has Kia, just gradually grow it into a Chevy-Cadillac kind of thing.