A rare alloy-body 1965 Ferrari 275 GTB/2 Long-Nose Berlinetta will be among the headliners at the Bonhams Zoute, Belgium, sale. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Jaguar has opened a new design studio in Gaydon, England as part of a comprehensive overhaul of Jaguar Land Rover’s United Kingdom engineering center. More at Automotive News Europe.
+ Toyota will increase its ownership stake in Subaru from 17 to 20 percent as the two Japanese companies seek to leverage their research and development capabilities. More at Reuters.
+ As the passenger-car market continues to erode, premium luxury cars including the Mercedes S-Class, BMW 7 Series, and Jaguar XF are now selling at deep discounts. More at Autoblog.
+ Pennsylvania racer Rob Freyvogel remains in a coma one week after his Carbinite land-speed-record car crashed at 400+ mph on the Bonneville Salt Flats. More at The Drive.
+ Fiat Chrysler Automobiles NV will pay $40 million to settle charges that it misled investors and falsely reported the number of new vehicles sold each month. More at The Detroit News.
+ Koenigsegg announced that the carmaker has broken its own 0-400-0 kph (248.54 mph) record with a time of 31.49 seconds in the Regera 1,500-hp hybrid hypercar. More at CNET Roadshow.
+ In the NASCAR playoffs knockout round at Charlotte, Erik Jones, Ryan Newman, Aric Almirola, and Kurt Busch were eliminated, leaving 12 drivers eligible for the season title. More at NBC Sports.
+ An administrative law judge has determined that Tesla violated labor law when CEO Elon Musk tweeted that union members would have to surrender their stock options. More at CNBC.
+ A rare alloy-body 1965 Ferrari 275 GTB/2 Long-Nose Berlinetta will be among the headliners at the Bonhams Zoute, Belgium, sale on October 11. More at Classic Cars.com Journal.
+ The McLaren Formula 1 team will return to using Mercedes power units in 2021 following the conclusion of its deal with Renault, signing an initial four-year deal. More at Racer.
Review the previous Executive Briefing from September 27 here.
Illustration courtesy of Bonhams.
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