An Alabama hoard of 23 vintage cars and trucks, some with freakishly low mileage, is headed for auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Negotiations between the United Auto Workers and Detroit Three automakers continued this past weekend as the union expanded its work stoppage to several more facilities. More at The Detroit News.
+ Tesla has introduced a refreshed version of the Model Y electric crossover for China with minor changes to the vehicle’s exterior and interior, although the price will remain the same. More at Reuters.
+ The Department of Justice has sued eBay for allowing the sale of 343,011 emissions defeat devices, potentially putting the online marketplace on the hook for $1.9 billion in fines. More at The Drive.
+ NASCAR Cup driver Aric Almirola, who originally planned to retire after 2022, says he has not made a decision about exercising his option to continue in a Stewart-Haas Racing Ford in 2024. More at Jayski.
+ Luxury electric vehicle maker Fisker raised an additional $150 million in funding from an unnamed existing investor as it celebrated the production of its 5,000th Ocean SUV. More at CBT News.
+ A government proposal to raise fuel economy standards through 2032 is not feasible and could cost automakers more than $14 billion in fines, says an industry lobbying group. More at World Auto Forum.
+ An Alabama hoard of 23 vintage cars and trucks, mainly GM products including 10 Corvettes, some with freakishly low mileage, is headed for the auction block.next spring. More at Autoblog.
+ Josh Giles, principal automotive analyst with Black Book, says the prices of used commercial over-the-road trucks have declined 41 percent but still “have some room to fall.” More at Commercial Carrier Journal.
+ According to a South Korean report, Hyundai’s Genesis brand is dropping wireless EV charging due to cost and speed issues and will work on more premium charging solutions. More at Motor Illustrated.
+ The Aston Martin Formula 1 team declared that despite an increase of $39 million in prize and sponsorship money, the organization lost $65 million for the year, an increase of $11 million. More at Motorsport.com.
Photo courtesy of Givemethevin.com.
Review the previous MCG Executive Briefing from September 29 here.
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Mr Trammel sure had good taste in vehicles. I guess his pleasure was owning the lowest mileage examples he could find, and keeping them that way. Myself, I’d had to have driven them, even if sparingly. Looks like they were stored on concrete in a metal building, so it probably won’t take much to get them ready for the road. But it will probably be some big dollar collectors who buy these and hide them in some private collection, never to be seen by the general public.