One of five built, this 1933 Pierce-Arrow Silver Arrow was the top seller at the RM Sotheby’s Hershey sale, bringing 2.31 million. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Volkswagen Group will make its VW, Skoda and Seat brands more distinct to reduce overlaps and defuse tensions within the group, says CEO Matthias Mueller. More at Automotive News Europe.
+ As many as 50,000 American auto parts workers could lose their jobs if President Trump scuttles the North American Free Trade Agreement (NAFTA), according to an industry study. More at The Detroit News.
+ British billionaire Richard Branson has joined the board and increased his investment in the Hyperloop One super high-speed transportation system conceived by Elon Musk. More at Reuters.
+ The IndyCar Series has released its 2018 schedule, which features 16 events and, as expected, Portland International Raceway replacing Watkins Glen on Labor Day weekend. More at ESPN.
+ General Motors has named Pamela Fletcher, who led the Chevrolet Bolt team, to be vice president of its giant new global electric vehicle program. More at the Detroit Free Press.
+ Ford has unveiled four highly modified Focus sedans from aftermarket builders in advance of their appearance at the upcoming SEMA show in Las Vegas. More at Motor Trend.
+ Top sellers at the RM Sotheby’s Hershey sale included a 1933 Pierce-Arrow Silver Arrow at $2.31 million and a 1935 Duesenberg J Cabriolet by l’eteren at $1.49 million. More at Hemmings Daily.
+ Domino’s Pizza President and CEO Patrick Doyle says that voice device ordering and self-driving cars will give delivery-based retail businesses a major reboot. More at CNBC.
+ General Motors has warned Unifor, the union representing 3000 striking Canadian auto workers in Ontario, that the company is moving some Equinox production to Mexico. More at CBC.
+ Barney Visser, owner of the Furniture Row NASCAR team, announced that the operation will will cut back to one car next year for current title contender Martin Truex Jr. More at The Denver Post.
Review the previous Executive Briefing from October 9 here.
Photo by Darin Schnabel courtesy of RM Sotheby’s.
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I wonder if the president has ever read NAFTA or understands how it benefits American industies.
It’s well-known that he doesn’t read much. And based on his fondness for conspiracy theories (and, well, his general demeanor), I probably wouldn’t vouch for him understanding much, either.