Mega-collector Gary Runyon is selling off his extensive assortment of ex-Tommy Ivo race cars, including Ivo’s last front-engine top fuel dragster. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ General Motors is investing $300 million in Momenta, a China-based self-driving car company, as part of its $35 billion plan to lead in EV and autonomous technology. More at The Detroit News.
+ Ford confirmed that the high-performance 2023 Bronco Raptor will arrive next year with available 37-inch tires, a 450-hp twin-turbo V6, and a price in the mid-$60,000 range. More at Car and Driver.
+ While parent firm Daimler has officially ceased development of new internal combustion engines, the Mercedes V8 will be around for another decade, the company says. More at Road & Track.
+ The Haas Formula 1 team confirmed that it will retain current drivers Mick Schumacher and Nikita Mazepin, now both in their rookie seasons, through 2022. More at Sky Sports.
+ Michigan Gov. Gretchen Whitmer has announced several electric vehicle initiatives, including an embedded charging roadway and a charging network for the state’s tourist region. More at Autoblog.
+ Less than a year after cutting ties with Ford, rally driver and media personality Ken Block has signed a new deal with Audi to help develop performance electric vehicles. More at Autoweek.
+ Hanno Jelden, a former Volkswagen manager on trial in the dieselgate scandal, said the automaker’s culture is responsible for employees failing to report the violations. More at Reuters.
+ Ford is partnering with Redwood Materials, a Nevada-based battery recycling start-up, to reuse 100 percent of the minerals and raw materials in electric vehicle battery packs. More at CNBC.
+ An extensive collection of former TV Tommy Ivo race cars, including the Wagon Master four-engine exhibition car, will be offered at the Mecum Kissimmee auction in January. More at Hemmings Daily.
+ Penske Entertainment, which owns the Indianapolis Motor Speedway and the IndyCar Series, is expected to take over the management of the Indy Lights series as well. More at Racer.
Photo courtesy and copyright of Mecum Auctions.
Review the previous Executive Briefing from September 20here.
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The Wagon Master and the glass trailer would look good in my driveway.
I seriously doubt the Hi-Po Bronco will be in the $60K range if pricing and reports of dealers adding to the price after orders were placed for the spec Bronco with the MSRP exceeding $50K in some cases just to get one.