The Academy of Art University has consigned another group of exceptional cars to the Mecum Monterey auction, including this 1938 Talbot-Lago. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Shrinking passenger car sales are intensifying the critical and hyper-competitive light truck battle among the Detroit Three manufacturers, with Ford still holding an edge. More at The Detroit News.
+ According to the 2019 Cars.com American-Made Index based on contribution to the U.S. economy, the Jeep Cherokee ranks first, followed by several Hondas and the Chevy Corvette. More at Cars.com.
+ Mitsubishi may revive the high-performance Lancer Evolution bloodline with a next-generation Evolution XI powered by a 2.0-liter turbo four from partner Renault. More at The Drive.
+ McLaren Formula 1 team principal Andreas Seidl says it is “pretty difficult to imagine” any new carmakers entering the series due to the large investment required. More at Motorsport.com.
+ At the Goodwood Festival of Speed, Ford unveiled the GT Mark II, a track-only model with 700 hp to be built in a run of 45 cars and priced at $1.2 million. More at Car and Driver.
+ Proterra Inc, the U.S. electric bus manufacturer whose investors include Daimler and BMW, has hired investment banks to prepare for an initial public offering (IPO). More at Autoblog.
+ In an effort to revive its flagging Maserati brand, Fiat Chrysler Automobiles has recruited Davide Grasso, former CEO of Nike’s Converse brand, as chief operating officer. More at Automotive News Europe.
+ The Academy of Art University in San Francisco has consigned another group of 22 cars from its collection to the Mecum Monterey auction on August 15-17. More at Classic Cars.com Journal.
+ Some 1,200 developers at BMW and Daimler will join forces in a non-exclusive partnership to work on automated driving technology, the companies announced. More at Reuters.
+ With sponsorship from SmartStop Self Storage, Sage Karam will drive a second Carlin Motorsport IndyCar entry at Toronto alongside teammate Max Chilton. More at Racer.
Review the previous Executive Briefing from July 1 here.
Photo courtesy and copyright Mecum Auctions.
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