Three classic Delahayes from the collection of Jacques Dayez will be offered at the 2020 RM Sotheby’s Paris auction. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Ford shares fell nearly 7 percent as Wall Street reacted to the automaker’s lowered guidance for 2019, weak sales in China, and a disappointing quarterly earnings report. More at The Detroit News.
+ Notable concept vehicle rollouts at this week’s Tokyo Motor Show include the Mazda MX-30 EV, the Mitsubishi MI-Tech roadster, and the LX-30 Electrified Concept. More at Autoblog.
+ Nissan is exploring the sale of two assembly plants in Europe in response to declining sales in the region and the shift to electric vehicle production. More at Automotive News Europe.
+ In a ceremony at the White House, President Donald Trump awarded automotive industrialist and racing team owner Roger Penske the Presidential Medal of Freedom. More at WXYZ Detroit.
+ Shares in Tesla Inc. spiked 17 percent when the electric carmaker surprised analysts by delivering on CEO Elon Musk’s promise of a profit in the third quarter, More at Reuters.
+ Ford’s first mass-market electric vehicle, the Mustang-inspired crossover unofficially named the Mach E and boasting a range of 300+ miles, will debut on November 17. More at The Drive.
+ Jeffery Pietrzyk, an ex-aide to United Auto Workers vice president and former General Motors board member Joe Ashton, pleaded guilty to federal fraud charges. More at the Detroit Free Press.
+ Apple Computer co-founder Steve Wozniak, a one-time proponent of self-driving cars, now says he doubts that fully autonomous vehicles will appear in his lifetime. More at CNBC.
+ The 2020 RM Sotheby’s Paris auction during Retromobile week will feature three classic Delahayes and a hoard of parts from the collection of the late Jacques Dayez. More at Classic Cars.com Journal.
+ The two Renault Formula 1 entries were disqualified and their finishes were disallowed following the Japanese Grand Prix after a protest by the Racing Point team. More at Racer.
Review the previous Executive Briefing from October 21 here.
Photo courtesy and copyright of RM Sotheby’s.
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