The annual RM Auctions Hershey, Pennsylvania sale on October 11-12 will feature American classics from the Lloyd Needham collection. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ The 2019 Volvo S60 sedan is now officially in production at the carmaker’s new 2.3 million square-foot, $1.1 billion assembly plant in Berkeley County, South Carolina. More at Motor Trend.
+ Federal investigators are probing United Auto Workers expenditures of almost $1 million in union funds on liquor, food, and golf in Palm Springs, California. More at The Detroit News.
+ Aston Martin plans to expand its hypercar range with a Valkyrie-based coupe with the code name 003 that will debut in late 2021 with production limited to 500 units. More at Automotive News Europe.
+ NASCAR announced it has promoted chief operating officer Steve Phelps to president effective Oct. 1, as current president Brent Dewar takes an advisory role. More at The Charlotte Observer.
+ The National Highway Traffic Safety Administration (NHTSA) has awarded the Tesla Model 3 electric sedan its top five-star crash rating in all the agency’s test categories. More at The Drive.
+ Neil Schloss, who helped Ford Motor Co. avoid bankruptcy during the Great Recession and became CFO of the automaker’s mobility arm, will retire in December. More at Crain’s Detroit Business.
+ In advance of the Paris Motor Show, Peugeot unveiled the E-Legend Concept, a fully electric experimental coupe that supports both autonomous and human driving. More at Autoblog.
+ According to a study from the Insurance Institute for Highway Safety, car insurance premiums have risen sharply in recent years, increasing 33 percent between 2010 and 2016. More at the Detroit Free Press.
+ The annual RM Auctions Hershey, Pennsylvania sale on October 11-12 will feature the collections of Richard L. Burdick and Lloyd Needham. More at Classic Cars.com Journal.
+ Carlin Racing plans to add a third entry in the 2019 IndyCar Series alongside current drivers Max Chilton and Charlie Kimball, and will also field a two-car Indy Lights team. More at Motorsport.com.
Review the previous Executive Briefing from September 17 here.
Photo courtesy and copyright RM Sotheby’s.
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How much of our car insurance premiums go to all those annoying TV commercials?
Often wondered the samw thing. Same goes for health insurance commercials, too. Definitely need regulation for both industries. There needs to be a complete ban on medical insurance companies paying millions to put their names on sports arenas, too..