The Corvette ZR1X ran the quickest lap ever for an American production car on the Nürburgring. Get all the latest automotive news in the Executive Briefing.

Today’s headlines: 

+   Fox Corporation, parent company of FOX Sports, has acquired a one-third interest in Penske Entertainment, including both the IndyCar series and the Indianapolis Motor Speedway. More at Racer. 

+   Jaguar Land Rover CEO Adrian Mardell, who was roundly criticized for the recent Jaguar makeover, will retire effective December 31 after 35 years with the automaker. More at The Times of London. 

+   In an earnings call, Stellantis CEO Antonio Filosa let slip that the Ram TRX performance pickup is returning, most likely with the supercharged 6.2-liter Hellcat V8. More at The Drive. 

+   Effective immediately, Renault has appointed Francois Provost, a 20-year veteran at the automaker, as its new chief executive officer following the departure of Luca de Meo. More at CBT News.  

+   Ford has secured a $3 billion line of credit ahead of another tariff deadline this week and amid shifting policy from the White House regarding fuel economy regulations. More at The Detroit News. 

+   Tesla has stopped taking orders for the aging Model S and Model X in Europe, limiting sales to existing inventory, following a similar move earlier this year in China. More at Motor Illustrated. 

+   Japanese automaker Nissan announced that the company would will discontinue production at its Civac plant in Mexico by March 2026 as part of its global restructuring plan. More at World Auto Forum. 

+   BMW is holding firm for now on its full-year financial guidance, despite reporting a 32 percent decline in profits and continued market turbulence due to U.S. Import tariffs. More at MSN News.

+   At the Nürburgring Nordschleife, a Corvette ZR1X driven by GM engineer Drew Cattell ran a record lap of  6:49.275, topping the Mustang GTD’s best time of 6:52.072. More at Car and Driver. 

+   Max Verstappen announced he is fully committed to driving for Red Bull for the 2026 Formula 1 season, silencing any further speculation about his current contract situation. More at Motorsport.com. 

Photo courtesy of Chevrolet.

Review the previous MCG Executive Briefing from July 28 here. 

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