Parked in the owner’s den for 33 years, this 1967 Ferrari 275 GTB/4 is now headed for auction at the Gooding and Company Amelia Island sale, where it could bring up to $3.8 million. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Volkswagen AG reports that net profits rose 20 percent in 2014 to $12.1 billion but offered a cautious outlook on earnings for this year. More from the Detroit Free Press.
+ As Fiat Chrysler Automobiles spins off Ferrari, the Agnelli family intends to take a greater financial share in the Italian luxury automaker. More at Bloomberg.com.
+ Toyota has started production of the Mirai sedan, its first hydrogen fuel cell vehicle (FCV), at the company’s Motomachi Plant in Toyota City, Japan. More at Automotive Business Review.
+ General Motors Co. is issuing two new recalls of more than 68,000 autos for defects related to their roof panels and parking brake modules. More at The Detroit News.
+ Reigning Formula One driving champion Lewis Hamilton has declined to run the number 1 and will continue to use his traditional car number 44 in 2015. More at Racer.
+ Fiat Chrysler Automobiles will recall about 467,500 SUVs worldwide to repair a fuel-pump defect that could cause vehicle stalling or failure to start. More at Reuters.
+ Driving a Chevrolet Corvette, Amy Ruman won the Foametix Trans Am 100 event at Sebring International Raceway. More at National Speed Sport News.
+ Gooding and Company’s offerings at its 2015 Amelia Island Auction will include a broad assortment of vintage Ferrari road cars. More at Sports Car Digest.
For the previous Executive Briefing from February 27, click here.
I never understood people who own an automobile, exotic, or otherwise, but never drive it. What good is it, sitting in your home? Same with all these “barn finds”. It is useless, and unfair to other auto aficionados, to just let a vehicle rust away.