This 1964 Ferrari 250LM sold for $14.3 million at the Art of the Automobile auction in Manhattan conducted by Sotheby’s and RM Auctions. Get all the latest auto industry news in the Executive Briefing. -Michael Furman photo for RM Auctions
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+ The U.S. Treasury Dept. announced it will sell its remaining General Motors shares by the end of the year. More at Reuters.
+ Three executives at Tokyo-based seat-belt supplier Takata Corp. have pleaded guilty and accepted prison terms for their roles in a price-fixing scheme. More at The Detroit News.
+ Ford will invest $150 million and add 350 workers at its Buffalo, New York stamping plant, which produces sheet metal for the Edge and Focus. More at Yahoo! Finance.
+ Testing at Daytona for the Prototype category in the TUDOR United SportsCar Championship was suspended after two airborne incidents. More at Racer.
+ Ford will unveil the next-generation 2015 Mustang in six cities on December 5. More at USA Today.
+ Bain Capital has dropped out of talks to acquire Auburn Hills, Michigan parts supplier Ti Automotive, which is reportedly seeking $2 billion. More at CNBC.
+ In the Art of the Automobile sale held in Manhattan by RM Auctions and Sotheby’s, 34 vehicles sold for a combined $63 million. More at Bloomberg.com.
+ NASCAR crew chief Steve Addington, released earlier this week from Stewart-Haas Racing, has been appointed competition director at Phoenix Racing, More at ABC News. .
For the previous Executive Briefing from November 18, click here.