This 1956 Mercedes-Benz gullwing will be among the star attactions at the Bonhams|Cars Miami sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Strong sales of Ford trucks and commercial vehicles helped the automaker to exceed Wall Street’s earnings estimates for the first quarter, offsetting losses of its electric vehicles. More at CNBC.
+ Honda plans to invest $11 billiom in new EV and battery production plants alongside its existing facilities in Ontario, the Japanese automaker’s largest ever investment in Canada. More at Reuters.
+ Toyota will spend $1.4 billion to expand its assembly plant in Princeton, Indiana to install a battery production facility and a final assembly line for a new three-row electric SUV. More at Ars Technica.
+ The IndyCar Series has taken away Josef Newgarden’s victory at St. Petersburg and dealt out severe penalties to the other two Team Penske drivers for violating the push-to-pass rules. More at Racer.
+ In a new test of automatic emergency braking systems instituted by the Insurance Institute for Highway Safety (IIHS), a number of compact SUVs did not perform up to standard. More at The Drive.
+ Tesla ‘s first-quarter net income fell from $2.51 billion to $1.13 billion as falling global sales and price cuts sliced into the electric vehicle maker’s revenue and profit margins. More at The Detroit News.
+ Stellantis has introduced the 2025 Ram 1500 RHO pickup with a 540-hp twin-turbocharged 3.0-liter inline six, a $71,990 base price, and deliveries later this year. More at Car and Driver.
+ A 1956 Mercedes-Benz 300SL gullwing coupe and a 2019 Bugatti Chiron will be among the featured cars at the Bonhams|Cars auction during the Miami Grand Prix weekend. More at Old Cars.
+ After 35 years on sale in North America, Subaru will disontinue the Legacy as consumer demand and the Japanese carmaker’s focus have shifted from sedans to SUVs. More at Motor Trend.
+ Red Bull chief technical officer Adrian Newey is said to be leaving, reportedly uncomfortabl with the handling of allegations of “innappropriate behavior” by team principal Christian Horner. More at the Guardian.
Photo courtesy of Bonhams.
Review the previous MCG Executive Briefing from April 22 here.
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I grew up in Nova Scotia. In the early 1970’s there was a Gullwing Merc parked at the end of Shore Road in Herring Cove for quite a few years. Very unloved at the time, and an unusual location.