This rare 1970 AMC Trans Am Javelin SST will be among the star attractions at the Mecum Dallas auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ United Auto Workers President Shawn Fain says the union wants a deal with the Detroit Three automakers but expects to go on strike against all three if their contract offers do not improve. More at Reuters.
+ Lotus has revealed a new electric four-door hatchback called the Emeya, which shares its platform with the carmaker’s Electre SUV and will offer up to 905 horsepower. More at Car and Driver.
+ A software glitch in the General Motors OnStar system is causing the vehicle support app to advise owners of a wide range of vehicles to inflate their tires to wildly extreme pressures. More at The Drive.
+ Red Bull Formula 1 consultant Helmut Marko issued an apology for making a disparaging comment about the ethnicity of Ferrari driver Sergio Perez, who is from Mexico. More at ESPN.
+ Stellantis reported that it has successfully tested carbon-neutral e-fuels supplied by Saudi oil giant Aramco in 24 internal combustion engines the automaker offers in Europe. More at Motor Authority.
+ Prices of wholesale used vehicles in the USA may have bottomed for the year, as Cox Automotive reported that prices last month ticked up slightly for the first time since March. More at Autoweek.
+ According to a report released by the free software community, Mozilla Foundation, automakers are not properly managing the large amount of owner data collected by their vehicles. More at Autoweek.
+ A Nikola electic semi truck caught fire near the company’s Phoenix, Arizona headquarters this past week, the fourth fire incident involving Nikola trucks in a few months. More at Electrek.
+ One of only 100 produced, a 1970 AMC Trans Am Javelin SST in red, white, and blue paint will be among the featured attractions at the Mecum Dallas auction on September 30. More at Autoblog.
+ The NTT IndyCar Series will turn the close of its spring training event at The Thermal Club in Riverside County, Californa into non-points exhibition race with $1 million to win. More at Racer.
Photo courtesy of Mecum Auctions.
Review the previous MCG Executive Briefing from September 8 here.
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It seems the current problem with e-fuel is the production cost, which is greater than conventional gasoline. I think it may be a solution for valuable collector cars to keep them authentic and on the road, but probably not for general consumption.
Used car dealers are going to be hurting this winter. Buy high sell low is not a winning system.
Boo-hoo! Let the good times roll.