This 1958 Ferrari 250 GT Series 1 Cabriolet is expected to bring $7 million to $8 million at the Gooding & Company Pebble Beach sale. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Emissions laws and electrification are pushing automakers to consolidate their fossil-fuel engine families, stalling development of future powerplants, analysts say. More at Automotive News Europe.
+ Michigan-based supplier Dakkota Integrated Systems will build a $55 million manufacturing plant on the grounds of the former Kettering High School in Detroit. More at The Detroit News.
+ According to the rumor mill, Cadillac may offer a performance version of the Escalade SUV powered by the supercharged 650-hp V8 from the Camaro ZL1. More at The Drive.
+ The future of the British Grand Prix has been secured for the next five years with a new agreement between the Formula 1 series and Silverstone Circuit management. More at BBC Sport.
+ Fiat Chrysler Automobiles will spend $788 million to convert the Fiat 500 to electric power as the carmaker moves on from its failed $35 billion merger attempt with Renault. More at Reuters.
+ The Motorsports Hall of Fame of America (MSHFA) will induct nine new members for 2019, including Tiny Lund, Jacky Ickx, Ivan Stewart, and Ohio George Montgomery. More at Hemmings aily.
+ The very last Volkswagen Beetle to be produced by the automaker rolled off the line at the Puebla, Mexico plant, which will now be retooled to build the Tarek SUV. More at CNBC.
+ Gooding & Company will offer a selection of classic Pininfarina-bodied Ferraris at its Pebble Beach Auctions during Monterey Car Week in August. More at Classic Cars.com Journal.
+ Ford Motor Company officials knew of serious problems with the six-speed dual-clutch automatic transmission in the Focus and Fiesta before the cars were introduced. More at The Detroit Free Press.
+ NASCAR confiscated the Halmar Racing Chevrolet of driver Stewart Friesen before first Truck Series practice at Kentucky Speedway, taking issue with its rear firewall location. More at Motorsport.com.
Review the previous Executive Briefing from July 8 here.
Photo courtesy and copyright Gooding & Company.
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