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Autoblog Minute: New Civic, FCA UAW Agreement, Frankfurt

FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. Autoblog senior editor Greg Migliore reports on the Weekly Recap edition of Autoblog Minute. Show full video transcript text [00:00:00] FCA reaches a tentative agreement with the UAW, Honda reveals the all-new 2016 Civic, and the Frankfurt Motor Show dazzles us again. I'm senior editor Greg Migliore and this is your Autoblog Minute Weekly Recap. FCA reached a tentative labor agreement with UAW leadership. The major focus of the new deal reportedly includes: the eventual elimination of the two-tier pay scale [00:00:30] and pooling worker health care. Now that a leadership agreement is in place, the deal will be sent to FCA's rank-and-file. FCA has about 36,000 hourly employees. We got a first look at the interior and exterior of the 10th-generation Civic. Honda expects the new sedan to dominate the C-segment when it hits dealerships later this fall. Civic coupe, five-door hatchback, Si and Type R will all come later. The 2015 Frankfurt Motor Show is in the books and there was a lot of news to get excited about. [00:01:00] Porsche introduced a fully electric concept car in the Mission E. If they make this car, Porsche could give Tesla nightmares. We also saw SUVs from Jaguar and Bentley. There were two beautiful Italian convertibles from Ferrari and Lamborghini. Meanwhile, Mercedes introduced a concept of their own in the IAA - a vehicle that experiments with adaptable aerodynamics. Those are the highlights from the week that was. Be sure to check out my full recap this Saturday. Plus we'll have some added insight on General Motors' deal to [00:01:30] avoid federal prosecution. For Autoblog, I'm Greg Migliore. Autoblog Minute is a short-form video news series reporting on all things automotive. Each segment offers a quick and clear picture of what's happening in the automotive industry from the perspective of Autoblog's expert editorial staff, auto executives, and industry professionals. UAW/Unions Frankfurt Motor Show Bentley Chrysler Ferrari Honda Jaguar Lamborghini Mercedes-Benz Porsche Rolls-Royce Tesla Convertible SUV Concept Cars Electric Supercars Autoblog Minute Videos Original Video porsche mission e concept

1933 Duesenberg tops Mecum Auctions' Monterey results at $3,850,000

Mecum Auctions had three Duesenbergs on offer at the Monterey Car Week's auction event, and the most valuable of the three was the achingly beautiful, one-of-one Bohman and Schwartz-built Model J Disappearing-Top Roadster in white over red, for $3,850,000. Duesenberg reportedly utilized as many as 32 coachbuilders to build custom Model Js, and this one with Hollywood history is unique thanks to its bodywork. In comparison, a 1929 Murphy-bodied Model J Convertible Sedan brought in "just" $1,155,000. The second highest price in Mecum results was achieved by a practically undriven, 307-mile 2014 Ferrari LaFerrari. The Rosso Corsa example slotted in neatly compared to its $3,000,000 to $3,300,000 estimate, finishing at $3,190,000. Another LaFerrari, a yellow one with 419 miles, remained unsold at $3,200,000. Number three is also a Ferrari, an Enzo at that. The 3,150-mile 2003 Enzo, in red over red, finished at $2,860,000. After a string of street cars, the fourth highest Mecum auction price was achieved by the 1989 Daytona 24 Hours, 1989 Palm Beach Grand Prix and 1989 Porsche Cup USA winning Porsche 962. The list of drivers with stints behind the Busby Racing 962's wheel is impressive reading: Derek Bell, John Andretti, Mauro Baldi, Jochen Mass and Brian Redman just to mention a few. Chassis 962-108 had the honor of claiming the 50 th win for a 962 in international competition, at Daytona 24 Hours, and that victory was also Derek Bell's final 24-hour endurance win. As Mecum notes, Bell has called this 962 as his favorite Group C Porsche. It has been in collector hands since 1989, and the selling price reached $2,200,000. The fifth car is a very significant Lamborghini Miura: an unrestored original with its factory coat of red, it is the second Miura P400S model built, and the earliest known S survivor. It has just 28,613 miles on its odometer, and it still wears the Pirelli Cinturatos it was given at the factory. Among all Miuras, this 1969 car is certainly a unicorn, and as a result it sold for $1,155,000. The rest of the top 10 sellers from the Mecum auction follow: 1929 Duesenberg Model J Murphy Convertible Sedan, $1,155,000 2012 Dallara DW12 Honda Indy Car, $1,127,500 2017 Ferrari F12tdf Coupe, $1,045,000 1936 Auburn 852 Supercharged Speedster, $1,017,500 1973 Ferrari 365 GTB/4 Daytona Coupe, $825,000 Related Video: Featured Gallery Mecum Auctions Monterey 2018 View 10 Photos News Source: Mecum AuctionsImage Credit: Mecum Auctions Misc.

Lamborghini caps 2020 production at 8,000 to preserve cachet, resale values

Lamborghini chairman and CEO Stefano Domenicali told Car Advice that the Sant'Agata Bolognese automaker will cap production at 8,000 cars in 2020. Even though the cap doesn't take effect for a year, it has caught us by surprise — we didn't realize just how well Lamborghini is doing. In 2010, Lamborghini sold 1,302 cars worldwide, while its rival in Modena sold 6,461 units. Last year, Lamborghini broke all of its records on the way to a 51 percent sales increase and 5,750 cars delivered. The cap maintains two post-sale hallmarks required to fuel Lamborghini's new-car sales: exclusivity and resale values. Ferrari has led the way with public declarations of voluntary caps to maintain brand cachet, and Lamborghini's happy to shadow that leader. Domenicali, an ex-Ferrari man, didn't miss an opportunity to put the running bull's nose ahead of the prancing horse's in his comments, though. He told the Australian publication, "I can also say that for us, Ferrari has always been a reference ... as well as others in the super sports car segment, but we have already achieved higher residual values for our cars, especially with some of our older models." The boss marked out half the 2020 allotment for the Urus, two-thirds of the remainder for the Huracan, and the rest for the Aventador. We expect any 2020 cap to apply only to 2020, though. If Lamborghini can hustle a 40 percent increase in deliveries this year — 2,300 more units, and that's not outside the realm of possibility since this is the first full year of Urus sales — then in 2019 the carmaker will exceed the 2020 cap by 50 units. In such case, shrinking supply next year would help sustain the lather of acolytes, as well as copy another page from Ferrari's handbook. In 2013, then-Ferrari CEO Luca Montezemolo held production to under 7,000 units, after building 7,318 cars in 2012. In 2014, then-Ferrari CEO Sergio Marchionne said he'd stick to the "willful and intended" 7,000-unit cap. But when Ferrari announces its 2018 results soon, we expect uncapped shipments to exceed 9,000 units. Other upward pressures on Lamborghini's sales would be the success of the Huracan GT3 EVO, which won the GTD class in the weekend's Rolex 24 at Daytona, a year after the Huracan GT3 won in 2018. Lamborghini Squadra Corse has built more than 200 customer racers, and no one would rule out a few more orders phoned in on Monday.