This rare 1970 Ford Fairmont GT from the the estate of South African collector Louis Coetzer will be sold at auction on Dec. 4. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Sir Frank Williams, who in 1977 founded the Williams Formula 1 team that won seven drivers’ titles and nine constructors’ championships, has passed away at 79. More at the UK Guardian.
+ Chinese smartphone giant Xiaomi will build an assembly plant in Beijing with a capacity of 300,000 cars per year for its electric vehicle division, authorities announced. More at Reuters.
+ Daimler Truck chief Martin Daum expects the chip shortage to hit revenues by several billion euros this year and sees the problem continuing into next year. More at Yahoo! Finance.
+ Blackrock, Inc. and five automakers have partnered to invest $787 million in Ionity GmbH, which aims to quadruple its number of high-power charging points in Europe. More at Autoblog.
+ General Motors was planning to produce a version of the Chevy Colorado mid-size pickup with a 455 hp 6.2L V8, but the project died with the end of the Holden division. More at The Drive.
+ Uber has been ordered by an appeals court to pay a $336,000 fine and stop offering its ride-hailing service in the Belgian capital of Brussels, where the company has 2,000 drivers. More at CNBC.
+ After rising throughout the year, prices for used Class 3 through Class 8 commercial trucks will continue to climb in 2022, according to market analysts at ACT Research. More at Commercial Carrier Journal.
+ The Spanish Grand Prix will remain on the Formula 1 calendar until 2026, with the Circuit de Barcelona-Catalunya and series officials securing a long-term agreement. More at Racer.
+ Another 50 vehicles from the estate of noted South African collector Louis Coetzer will be offered at the annual year-end sale by High Street Auctions and Creative Rides. More at ClassicCars.com Journal.
+ A Ferrari SF90 Stradale test mule was totally destroyed in a crash near Hoffenheim, Germany, but the driver was uninjured and no other vehicles were involved, reportedly. More at Road & Track.
Photo courtesy of High Street Auctions.
Review the previous Executive Briefing from November 26 here.
With so many EVs entering the market in China, it’s hard to see how they will all survive.
If history repeats itself, it will be like the early 20th century…..only the few strongest will survive.