This rare 1953 Fiat 8V Vignale coupe is expected to bring from $1.6 million to $2 million at next month’s Gooding and Company Amelia Island sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors will invest $450 million at its CAMI Assembly plant in Ingersoll, Ontario where the revamped Chevy Equinox will be built. More at The Detroit News.
+ Volkswagen’s Audi division has acquired automotive-related fuel cell patents valued at $80 million from Ballard Power Systems. More at Automotive Business Review.
+ Tesla Motors reported a loss of $108 million for the fourth quarter of 2014, compared to a loss of just $16 million during the same period a year ago. More at BBC News.
+ Veteran BMW tuner Steve Dinan has left the engine company bearing his own name to join Chip Ganassi Racing, where he will contribute to the LeMans program. More at Racer.
+ Ford has unveiled its new 2016 Police Interceptor SUV, based on the Explorer, at this week’s Chicago Auto Show. More at USA Today.
+ General Motors has turned to two investment banks for a response to a shareholder group demanding $8 billion in stock buybacks and a seat on the board. More at Reuters.
+ Early consignments for the 2015 Gooding and Company Amelia Island sale on March 13 include a 1956 Maserati 200 SI and a 1953 Fiat 8V Vignale coupe. More at Sports Car Digest.
+ McLaren chairman Ron Dennis says title sponsors are now history in Formula One, as he would rather be without one than undersell the space. More at Yahoo! Sport UK.
For the previous Executive Briefing from February 9, click here.
Ford may claim to be the biggest in law enforcement vehicles, but I see a lot more Dodge Chargers and Chevy Tahoes than I do Explorers or Taurus. They may have a advantage in some areas, but in the four state area that I travel daily, AL, TN, GA, MS, there are hardly any new Fords being used, but still a lot of the old Crown Vics around. Most of those are being slowly phased out of service, being replaced with Chargers and Tahoes.