At $1.34 million, this 1967 Cobra 427 was one of 13 cars to blow past the $1 million mark at the Mecum Kissimee sale. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Mercedes-Benz will partner with Luminar Technologies of Silicon Valley, a leading supplier of sensors, to equip the car maker’s next generation of autonomous vehicles. More at Reuters.
+ Cadillac confirmed that it will offer an Escalade V to be powered by the same supercharged 6.2L V8 with 668 hp currently found in the CT5-V Blackwing sedan. More at Car and Driver.
+ Details continue to leak out regarding the Toyota GR Corolla performance sedan, which is said to feature all-wheel drive and a three-cylinder turbocharged engine with 300 hp. More at Autoblog.
+ A.J. Foyt Racing has signed Tatiana Calderón drive the No. 11 IndyCar in 2022, becoming become the first female driver to race full-time in the series since 2013. More at Fox Sports.
+ General Motors will team with a Utah company to offer non-vehicular hydrogen fuel cell systems for electric vehicle charging stations and civilian and military powerplants. More at The Detroit News.
+ One of two 1949 Buick Roadmaster convertibles used in the 1988 film Rain Main and the one owned by Tom Cruise will by offered at auction by Bonhams in Scottsdale. More at Motor Authority.
+ While Ford and Rivian cancelled their plans to build an electric truck together, the Dearborn automaker reports it made $8.2 billion on its $800 million purchase of Rivian stock. More at Motor Trend.
+ Germany’s Transport Ministry has condemned the actions of a Czech tycoon who drove his Bugatti Chiron at 259 mph on the A2 Autobahn between Berlin and Hannover. More at The Drive.
+ This year’s Mecum Kissimmee sale set a single-event auction record with $217 million in sales, 13 cars passing the $1 million mark, and a 90 percent sell-through rate. More at ClassicCars.com Journal.
+ Former Porsche factory motorsport chief Pascal Zurlinden has joined Multimatic to serve as director of performance engineering in the Special Vehicle Operations division. More at Motorsport.com.
Photo courtesy of Mecum Auctions.
Review the previous Executive Briefing from January 17 here.