Ship packed with luxury cars on fire

AutoExec Summary

A cargo ship, Felicity Ace, carrying around 4,000 luxury vehicles from the Volkswagen Group caught fire off the Azores coast. The vessel, still ablaze, had 1,100 Porsches, 189 Bentleys, and hundreds of Audis onboard. While the cause of the fire remains unknown, the crew was safely rescued. This incident adds to challenges faced by the automotive industry, already impacted by Covid-related supply chain disruptions and a semiconductor shortage, leading to increased demand for second-hand vehicles.

Brands mentioned: Volkswagen, Porsche, Audi, Lamborghini, Bentley, Bugatti