A 1984 Ford F-150 4X4 sold for nearly $51,000 on a leading online auction site, signalling a hot market for ’80s-era pickups. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ A survey by Consumer Reports of 8,027 potential car buyers in the USA determined that 71 percent are considering an electric vehicle for their next lease or purchase. More at The Detroit News.
+ Volkswagen and its partners will invest more than $20 billion in battery cell production, creating 20,000 jobs and targeting annual sales of more than $20 billion by 2030. More at U.S. News and World Report.
+ Spy photos of camouflaged prototypes on the road suggest that the next generation GMC Acadia will grow from its current mid-sized status and return to the full-size SUV class. More at Autoblog.
+ Formula 1 management and ESPN are reportedly close to agreeing to a new television deal for the USA that will keep the sport with the broadcaster for another three years. More at Racer.
+ Toyota is the third manufacturer in the United States to sell out of federal tax credit incentives for the purchasers of electric vehicles, joining Tesla and General Motors. More at Car and Driver.
+ The National Highway Traffic Safety Administration (NHTSA) has opened a special probe into the crash of a Cruise self-driving vehicle in California that resulted in minor injuries. More at Reuters.
+ Top sellers at the Bonhams Gstaad, Switzerland auction included a unique 1958 Alfa Romeo 1900C Super Spring Barchetta, a 1974 Monteverdi 375, and a 1991 Ferrari F40. More at Sports Car Digest
+ A 1984 Ford F-150 Bullnose with 19,000 miles showing on the odometer sold for nearly $51,000 at the Bring a Trailer website, signalling a red-hot market for ’80s-era pickups. More at The Drive.
+ NASCAR has fined JR Motorsports Xfinity Series driver Noah Gragson $35,000 for intentionally crashing into a competitor at Road America and causing a 13-car pileup. More at Fox Sports.
+ General Motors sold only 484,200 vehicles in China in the second quarter, a 35.5 percent decline over last year that was attributed to COVID restrictions and supply issues. More at CNBC.
Photo courtesy of Bring a Trailer.
Review the previous Executive Briefing from July 4 here.
I sold my 84 F150 4×4 Flareside too cheap. Mine was a 351W HO, black with red interior. Not in that kind of condition, mine needed a little work, but not dogged out, either. That truck brings back memories….