RM Sotheby’s will offer a collection of 60 poster-idol sports cars and GTs at a live Florida auction in December. Get all the latest industry news in the Executive Briefing.
Today’s headlines:
+ Volkswagen is shooting for a $75 billion valuation in its intial public share offering for its Porsche sports car unit, which would be the second-largest IPO in German history. More at Reuters.
+ The Ram truck brand at Stellantis will end production of the 3.0-liter EcoDiesel V6 version of the 1500 pickup in January of 2023 as it readies an electric replacement. More at Car and Driver.
+ Tesla is planning to double its vehicle sales in Germany in 2022 from 40,000 to 80,000 units, the German weekly Automobilwoche reported, citing a local executive. More at Investing.com.
+ Kyle Busch, Tyler Reddick, Austin Dillon, and Kevin Harvick were the first four playoff drivers to be eliminated from NASCAR Cup title contention at this past weekend’s Bristol round. More at Speedway Media .
+ A former Nikola contractor whose fraud allegations helped to spur a criminal investigation of the company told a federal jury he made $600,000 from a short seller’s report. More at The Detoit News.
+ Ford has filed a patent application for an electrical outlet system integrated into the vehicle’s roof rails, which could be used to power devices for camping and tailgating. More at Motor Authority.
+ The Environmental Protection Agency has approved a plan for Hyundai to produce five hydrogen fuel-cell powered trucks to supply liquid hydrogen to refueling stations. More at Autoweek.
+ RM Sotheby’s will offer a collection of 60 poster-idol sports cars and GTs, from a Jaguar E-Type to a flat-nose Porsche 911 turbo, at a live Florida auction in December. More at Autoblog.
+ Mercedes reserve driver Nyck de Vries has confirmed that he is talking to Red Bull advisor Helmut Marko about a possible future with the AlphaTauri Formula 1 team. More at Motorsport.com.
+ Duncan Aldred, global vice president of Buick and GMC, said the Buick brand will seek to significantly reduce its number of dealers in the USA from the current 2,000. More at the Detroit Free Press.
Photo courtesy and copyright of RM Sotheby’s.
Review the previous Executive Briefing from September 16 here.
Oh, oh, goodbye Buick,,,just a matter of time. I think more Buicks are sold overseas. Nice,,,
If you go to the Detroit Free Press link, there is a good explanation of why Buick must reduce it dealer number.
Link only available to subscribers….