Early consignments to the Bonhams Quail Lodge auction in August include this one-off 1952 Siata 8V Berlina by Bertone. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ The major automakers lost $17 billion in value on Friday as markets responded to President Donald Trump’s plan to impose a 5 percent tariff on imports from Mexico. More at Bloomberg.com.
+ Tesla Inc. started taking orders for the Model 3 cars it will produce at its new plant in China, its second-largest market, and has lowered the price of the vehicle. More at The Detroit News.
+ Texas-based tuner Hennessey Performance Engineering has unveiled the Maximus 1000, a modified Jeep Gladiator pickup powered by a 1000-hp Hellcat V8. More at Motor Trend.
+ The Texas Legislature has declined to provide its usual $25 million annual subsidy to the Grand Prix of the Americas in Austin, threatening the future of the Formula 1 race. More at Autoweek.
+ Fiat Chrysler Automobiles is a offering a special dividend and stronger job guarantees to Renault in a bid to persuade the French government to back their proposed merger. More at Reuters.
+ According to the rumor mill, the 2020 mid-engine Corvette with its new GM Digital Vehicle Platform will feature a tamper-proof ECU that cannot be recalibrated in the field. More at Autoblog.
+ European automakers are scrambling to meet new Economic Union emissions standards that threaten the continued production of minicar-class sedans. More at Automotive News Europe.
+ At the Detroit Grand Prix on Belle Isle this past weekend, Cadillac teased a camouflaged CT5-based sedan powered by a turbocharged 4.2-liter Blackwing V8. More at The Drive.
+ Early consignments to the Bonhams Quail Lodge auction include a one-off 1952 Siata 8V Bertone Berlina that starred at the Paris and New York auto shows. More at Classic Cars.com Journal.
+ Five-time IndyCar champion Scott Dixon will receive the Companion of the New Zealand Order of Merit as part of Her Majesty the Queen’s Birthday Honours. More at Motorsport.com.
Review the previous Executive Briefing from May 31 here.
Photo by Bill McGuire for Mac’s Motor City Garage.
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