This 1967 Ferrari 275 GTB/4 was the top seller at the Mecum Auctions Glendale sale, bringing $3.08 million. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Shares in the Nikola Corporation jumped approximately 15 percent as Wall Street investors applauded the company’s start of production of its electric truck on schedule. More at Reuters.
+ A gasoline station managed by Woodman’s Market in Waukesha, Wisconsin, has been sued by two competing retailers who alleged it has priced its fuel artificially low. More at Autoblog.
+ Deus, An EV startup from Austria with design support from Italdesign and Williams Advanced Engineering, will unveil its Vayanne supercar at the New York auto show. More at Car and Driver.
+ NASCAR issued severe penalties to Brad Keselowski and his RFK Racing team for a modification to a vendor-supplied part discovered after last weekend’s race at Atlanta. More at NBC Sports.
+ French President Emmanuel Macron said he respects automaker Renault’s decision to suspend production at its Moscow plant, asserting the choice is up to companies to make. More at the National Post.
+ Electric car manufacturer Tesla opened its first gigafactory in Europe on the outskirts of Berlin with plans to employ 12,000 people and assemble 500,000 vehicles per year. More at The Detroit News.
+ General Motors will treat the 2023 Corvette to a $1,000 price increase to $62,900 and add several new wheel combinations along with an extra-cost all-red interior package. More at the Detroit Free Press.
+ Ferrari has released the first official image of the Purosangue, the legendary Italian sportscar maker’s first sport utility vehicle, with plans for a full reveal later this year. More at The Drive.
+ Mecum Auctions reported a 53 percent increase in sales for its annual Glendale, Arizona event, with $66.3 million in total receipts and a 76 percent sell-through rate. More at ClassicCars.com Journal.
+ The Red Bull Formula 1 team has reportedly identified and corrected a problem with the fuel pump system that caused both of its cars to drop out of the Bahrain Grand Prix. More at Motorsport.com.
Photo courtesy of Mecum Auctions.
Review the previous Executive Briefing from March 21 here.