The fabulous 2006 Lamborghini Concept S roadster will star at the second annual RM Sotheby’s Art Automobiles auction in Manhattan, where it is expected to bring up to $3 million. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Fiat Chrysler Automobiles CEO Sergio Marchionne says the automaker is days away from filing its prospectus for an initial public stock offering for the Ferrari division. More at USA Today.
+ Japanese airbag maker Takata told Congress it has no plans to create a victim compensation fund to address airbag explosions linked to at least eight deaths and more than 100 injuries. More at The Detroit News.
+ Volkswagen continues to search for a successor to former chairman Ferdinand Piech, while interim chairman Berthold Huber will stay on until at least the end of the year, the German newspaper Bild am Sonntag reported. More at Reuters.
+ The World Motor Sport Council has released a provisional calendar for the 2016 Formula 1 season with 21 races starting in Australia in April. More at NBC Sports.
+ The Detroit Three automakers and the United Auto Workers union begin negotiations this week to replace current labor agreements that expire on Sept. 14. More at CNBC.
+ A roadster version of the 400 hp Lotus Evora 400 will be launched about six months after the coupe, says company boss Jean-Marc Gales. More at Autocar.
+ General Motors is recalling 780,000 SUVs to repair gas struts on rear lift gates that can prematurely fail, causing the gate to fall on users. More at Crain’s Detroit Business.
+ RM Sotheby’s returns to Manhattan on November 18 for the second annual Art Automobiles auction held at Sotheby’s global headquarters. More at Autoblog.
+ The Automobile Club de l’Ouest (ACO), IMSA, and the FIA have chosen the four chassis suppliers for the Le Mans Prototypes 2 category in 2017: Dallara, Onroak, ORECA, and Riley Tech/Multimatic. More at Racer.
Read the previous Executive Briefing from July 10 here.
Photo courtesy of Lamborghini.