Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is launching its inaugural Las Vegas Auction on October 31, featuring a selection of high-value collector cars and memorabilia [1][2][3] Auction Details - The auction will showcase 68 collector cars and two Formula One memorabilia lots, held at the Wynn Las Vegas [2] - The event is part of the Concours at Wynn Las Vegas, creating a weekend dedicated to car enthusiasts [2] Featured Cars - The auction is headlined by a 2010 Bugatti Veyron EB 16.4 Coupe, estimated between $1.5 million and $1.8 million, and a 1962 Mercedes-Benz 300 SL Roadster, estimated between $1.45 million and $1.6 million [3][4] - The Bugatti Veyron is one of only 252 original units, with a low mileage of 6,515 miles [3] - The Mercedes-Benz 300 SL Roadster is one of approximately 270 units with original features and has been recently serviced [3] Additional Highlights - The auction includes notable collections such as the Lone Star Sports Car Collection, featuring a 1963 Maserati 3500 GTI Vignale Spyder Prototype estimated at $475,000 to $575,000 [5] - The Cobalt Collection features modern performance cars, including a 2001 BMW Z8 estimated at $275,000 to $325,000 [6][9] Modern Collectibles - High-performance modern cars include two Mercedes-Benz McLaren SLRs, with estimates of $850,000 to $950,000 for a 2009 Roadster and $600,000 to $700,000 for a 2006 Coupe [11][12] - A 2023 Ferrari 296 GTS Assetto Fiorano is also featured, estimated at $400,000 to $450,000 [13] Event Logistics - The auction is scheduled for October 31 at 3:00 PM PDT, with previews on October 30 and 31 [13][14] - Interested bidders can register and view the complete digital catalog online [14]

Core Insights - Broad Arrow Auctions, a subsidiary of Hagerty, is set to host its inaugural Las Vegas Auction on October 31, 2025, in partnership with Concours at Wynn Las Vegas, featuring a complete digital catalog of collector cars and memorabilia [1][2]. Auction Details - The auction will showcase 68 collector cars and two Formula One memorabilia lots, held in the Bandol 1 Room at Wynn Las Vegas, with cars displayed at the Wynn Golf Club [2]. - The event is part of the Concours at Wynn Las Vegas, providing a weekend of activities for car enthusiasts [2]. Featured Cars - The auction highlights include a 2010 Bugatti Veyron EB 16.4 Coupe, estimated between $1,500,000 and $1,800,000, and a 1962 Mercedes-Benz 300 SL Roadster, estimated between $1,450,000 and $1,600,000 [3]. - The Bugatti Veyron is one of only 252 original Coupes, with a low mileage of 6,515 miles, while the 300 SL Roadster retains its original components and is presented in its original colors [3]. Additional Collections - The auction will feature the Lone Star Sports Car Collection, which includes notable models such as a 1963 Maserati 3500 GTI Vignale Spyder Prototype (Estimate: $475,000 - $575,000) and a 1959 BMW 503 Series II Cabriolet (Estimate: $425,000 - $475,000) [5]. - The Cobalt Collection will also be present, featuring performance cars like a 2001 BMW Z8 (Estimate: $275,000 - $325,000) and a 2013 Dodge SRT Viper GTS Launch Edition (Estimate: $160,000 - $200,000) [6]. Modern Collectibles - The auction includes high-performance modern collectibles such as a 2009 Mercedes-Benz SLR McLaren Roadster 722 S (Estimate: $850,000 - $950,000) and a 2006 Mercedes-Benz SLR McLaren Coupe by MSO (Estimate: $600,000 - $700,000) [8][9]. - Additional modern collectibles include a 2023 Ferrari 296 GTS Assetto Fiorano (Estimate: $400,000 - $450,000) [10]. Event Schedule - The Las Vegas Auction is scheduled for October 31 at 3:00 PM PDT, with previews on October 30 and 31 [10].

Ford Motor Co. (NYSE:F) has issued a new recall for more than 680,000 vehicles across various model lines in the U.S. due to a range of issues, marking the latest of several recalls the automaker has issued in 2025.Check out the current price of F here.360-Degree Camera IssueThe Michigan-based automaker, in three separate acknowledgements to the National Highway Traffic Safety Administration (NHTSA) on Wednesday and Thursday, issued recalls for the affected vehicles in the U.S.The issues range from a proble ...

Very interested in that. The off road, the on road performance hierarchy is very simple to see. And the very top is overserved, in my opinion.But no one's ever done this all through super supercar. That was Ford CEO Jim Farley teasing the possibility of developing a supercar or even a hypercar, if you will, for off road racing. He spoke on our podcast Hot Pursuit with Hannah Elliott.She is a staff writer. Bloomberg Businessweek joins us right now from Los Angeles. And Hannah, this was super exciting.You wer ...

Core Insights - Ford's CEO, Jim Farley, stated that the Trump administration's tariff policy will impose a $2 billion cost on the automaker, which is an increase from the previously projected $1.5 billion [1][10] - Farley anticipates a shift in the automotive industry towards a regional business model due to tariffs, the rise of electric vehicles, and new carbon regulations [2] - The reduction of tariffs on Japan from 25% to 15% will provide Japanese automakers with a significant cost advantage over Ford [3] Group 1: Tariff Impact - The total tariff burden on Ford is now estimated at $2 billion, which is a net figure [1] - The company is facing competitive pricing challenges, with examples showing that a Kentucky-built Ford Escape could be $5,000 more expensive than a Japanese-made Toyota Rav4, and a Michigan-made Ford Bronco could be undercut by $10,000 by a Toyota 4Runner [8] - Farley indicated that the current tariff situation is a "windfall for South Korean and Japanese companies" [10] Group 2: Strategic Shifts - Farley expressed that automakers will likely adopt a regional approach, with Europe, North America, and Asia operating as distinct markets [2] - The company is working with the Trump administration to reduce tariff expenses to enhance competitiveness [9] - Ford's strategy is not to compete in commodity segments, focusing instead on other areas [9] Group 3: Market Reaction - Following the announcement, Ford's shares fell by nearly 1.6% in after-hours trading, although they are up 9.8% year to date [11]

Q2 2025 Financial Highlights - Record Q2 revenue of $50 billion, a 5% increase year-over-year, outpacing wholesale growth[15] - Adjusted EBIT was $2.1 billion, down 22% year-over-year, with an adjusted EBIT margin of 4.3%, a decrease of 1.5 percentage points[22] - Adjusted free cash flow was $2.8 billion, a decrease of $0.4 billion year-over-year[22] - Adjusted EPS was $0.37, a decrease of $0.10 year-over-year[22] Segment Performance - Ford Pro's EBIT was $2.3 billion with a 12.3% margin[22] - Ford Model e had an EBIT loss of $1.3 billion with a negative 56.4% margin[22] - Ford Blue's EBIT was $0.7 billion with a 2.6% margin[22] Ford Pro Metrics - Ford Pro paid subscriptions increased 24% to 757,000[15] - Software and physical services contributed 17% of Ford Pro's EBIT on a trailing twelve-month basis[19] 2025 Guidance - Adjusted EBIT outlook revised to $6.5 billion to $7.5 billion[63] - Capital spending is expected to be approximately $9 billion[63] - Net tariff impact is estimated to be approximately negative $2 billion[63]

Core Points - Ford Motor Company is recalling over 850,000 units due to low-pressure fuel pumps that may fail, potentially leading to engine stalls while driving [1][2] - The National Highway Traffic Safety Administration (NHTSA) has indicated that the fuel pump issue increases the risk of a crash, and a remedy is currently under development [2][3] - Ford has noted that fuel pump failures are more likely to occur in warm weather and under hot fuel conditions, with signs of imminent failure including poor engine performance [3] Affected Vehicles - The recall affects 28 models, including the 2021-2023 Ford Bronco, 2022 Ford Expedition, 2021-2023 Ford Explorer, and several Super Duty models [4][5] - Ford has recalled more than 1,600 units this year for various issues, including damaged wire harnesses and overheating batteries [4]