With a fee-inclusive closing price of $1.29 million, this Martin DB4 Series V Vantage was the top seller at the Bonhams Zoute Grand Prix auction. Get all the latest automotive news in the Executive Briefing.
Today’s Headlines:
+ As one element in its $11 billion restructuring program, Ford is now constructing a plan to shrink its global salaried workforce starting in the spring of 2019. More at The Detroit News.
+ Automakers have found the limits of their influence in negotiating with the European Union over climate policy regarding stricter limits for carbon dioxide emissions. More at Bloomberg.com.
+ Performance specs of the new Duramax 3.0L diesel engine for the GMC Sierra and Chevrolet Silverado have apparently leaked online, indicating 282 hp and 28 mpg. More at The Drive.
+ Driving a Triple Eight Race Engineering Holden Commodore, veterans Craig Lowndes and Steven Richards scored a fairytale victory in Australia’s classic Bathurst 1000. More at Racer.
+ Noted short seller David Einhorn of Greenlight Capital has taken direct aim at Tesla, comparing the electric carmaker to Lehman Brothers just before its collapse. More at CNBC.
+ Following a 55 percent drop in September, Audi announced that sales will fluctuate in the coming months due to production bottlenecks in meeting new emissions standards. More at Reuters.
+ General Motors has filed a federal lawsuit against Milwaukee-based Johnson Controls over $28 million in warranty claims for battery failures in GM vehicles. More at the Detroit Free Press.
+ The sixth annual Bonhams Zoute Grand Prix auction in Belgium generated nearly $9.15 million in total sales and a sell-through rate of 82 percent. More at Classic Cars.com Journal.
+ Jeep is said to be preparing a recall of 2018 and 2019 Wrangler SUVs to repair a chassis defect in which a track bar mount shears off where it is welded to the frame. More at Autoblog.
+ NASCAR Monster Cup drivers are taking a wait-and-see approach to the 2019 car rules, which include a new aero package and engines limited to 550 hp on larger tracks. More at NBC Sports.
Review the previous Executive Briefing from October 5 here.
Photo courtesy of Bonhams.
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European Union and climate policy.
When did automobiles start emitting carbon DI-oxide ?
The chief exhaust products of combustion are H2O and CO2. Every gallon of gasoline consumed creates around 20 lbs of CO2, carbon dioxide (carbon + oxygen). Thus automobile emissions are a major producer of CO2, a greenhouse gas responsible for climate change, i.e. global warming.
Thanks MCG, you sent me to Google for a deep search. I always knew about the carbon monoxide and I always thought the chief culprit in auto exhaust was NOX. I learned something today.
NASCAR is dying a slow painful death. Too much micro-managing every aspect. Too hard to keep up with it anymore, fans are giving up and leaving.
And global warming or climate change is a natural phenomena. Man has nothing to do with it, and can’t change it no matter how they try. The climate has been changing as long as this rock has been here, heat and cold cycles are normal. Remember back in the late 70’s everyone was saying we were going into another ice age? It’s all just a ruse to extract money and power from the masses. that’s my story, and I’m sticking to it….:}