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David Lillywhite
Verified
Editorial Director, Magneto Magazine
Beats
automobile, transporttires
international business
Content
By David Lillywhite Verified| Magneto Magazine Verified The Indianapolis Motor Speedway Museum has reopened after a $60.5 million renovation that has propelled it into the highest echelons of automotive museums. The museum has hit the headlines this year with the sales of 11 of its non-Indianapolis cars, including the 1954 Mercedes-Benz W196R Streamliner, which sold for €51,155,000 in Germany and the 1964 Le Mans-winning Ferrari 250 LM, which sold for €34,880,000 in France.
By David Lillywhite Verified| Magneto Magazine Verified President Trump’s sweeping 25% tariff on cars and car parts imported into the US are likely to effect classic cars, whether intentionally or not, unless the Executive Order is amended to exclude them. The US Customs and Border Protection agency currently applies a 2.5% tariff to imported passenger cars, regardless of whether they’re new or classic. Unless specific exemptions are made, it’s likely that the tariff will automatically convert to the new 25% rate for both new and classic cars.
By David Lillywhite Verified| Magneto Magazine Verified The Indianapolis Motor Speedway Museum has reopened after a $60.5 million renovation that has propelled it into the highest echelons of automotive museums. The museum has hit the headlines this year with the sales of 11 of its non-Indianapolis cars, including the 1954 Mercedes-Benz W196R Streamliner, which sold for €51,155,000 in Germany and the 1964 Le Mans-winning Ferrari 250 LM, which sold for €34,880,000 in France.
Company Info
Magneto Magazine
Magneto is produced by the very best, most knowledgeable writers and most creative photographers, printed beautifully on high-quality paper. It features the most important and interesting cars, events and people, serving up unmissable content at a quality never before seen in the collector car world. If only the best cars will do, then only Magneto will do as your magazine of choice.
United Kingdom, United Kingdom
Founded: 2018