This stunning 1912 Peerless Model 60 Runabout was one of the top sellers at the inaugural Bonhams Amelia Island auction, hammering down at $440,000. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors has announced that the next-generation 2016 Camaro will be unveiled in a public event on May 16 at Belle Isle Park in Detroit. More at MLive.
+ Dodge has stopped taking orders for its hot-selling Charger and Challenger Hellcat models while the automaker sorts and validates the orders already in the system. More at Autoblog.
+ Scheduled for introduction on March 31, the new Cadillac CT6 flagship sedan will use extensive aluminum construction to save 300 lbs. over steel. More at Automobile.
+ Volkswagen says it will discontinue slow-selling models, including the Polo two-door compact, and scale back equipment options in order to increase profitability. More at The Detroit News.
+ Team advisor Dr. Helmut Marko says the Red Bull Formula One operation will pull out of the sport if the FIA does not revise the current engine rules. More at Grand Prix.com.
+ Chinese automaker BYD, backed by Warren Buffett’s Berkshire Hathaway Inc., intends to triple battery production in order to compete with Tesla Motors. More at Reuters.
+ General Motors has settled for the second time with the parents of Brooke Melton, who died in a March 2010 crash driving a 2005 Chevrolet Cobalt with a defective ignition switch. More at the Detroit Free Press.
+ Thursday’s inaugural Bonhams Amelia Island 2015 Auction generated $13.95 million in total sales and a 79% sell-through rate. More at Sports Car Digest.
+ Next weekend’s 12 Hours of Sebring boasts a 47-car entry list with 14 Prototypes and nine cars in the highly competitive GT LeMans category. More at Racer.
+ Porsche may roll out a seventh new model by 2020, which could be an all-electric sedan designed to compete against the Tesla S. More at Motor Trend.
For the previous Executive Briefing from March 13, click here.