A 1983 Ferrari 512 BBi formerly owned by talk show host David Letterman is currently offered for sale online. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   Retail used vehicle sales rose 27.6 percent from June to July to 1.6 million units and posted a 16.5 percent increase compared to July 2023, according to Cox Automotive. More at CBT News. 

+  At the Quail Motorsports Gathering in Monterey Car Week, Cadillac unveiled the Opulent Velocity concept, a performance coupe EV based on GM’s Ultium architecture. More at Autoweek. 

+   Stellantis has been sued by U.S. shareholders who allege the automaker defrauded them by concealing rising inventories and other weaknesses before a weak earnings report. More at Reuters. 

+   Formula 1 series management is reportedly issuing cease and desist letters to online content creators, directing them to remove Formula 1 branding from their names. More at The Verge. 

+   A study by iSeeCars named the 10 light-duty trucks and SUVs in the US market most likely to run 250,000 miles or more, with Toyota vehicles taking the top four spots. More at Autoblog. 

+   Michigan State Police troopers with radar guns masquerading as road construction workers ticketed a sizable number of drivers speeding on Interstate 75 in the Detroit area. More at The Drive. 

+   United Auto Workers President Shawn Fain ratcheted up his criticism of Stellantis CEO Carlos Tavares, accusing the automaker of price gouging and violating the labor contract. More at CNBC. 

+   A 1983 Ferrari 512 BBi formerly owned by late-night talk show host and car collector David Letterman is currently offered for sale on the online auction site Bring A Trailer. More at Car and Driver. 

+   At a recent Ford dealer conference in Las Vegas, the automaker reportedly showed franchise owners renderings and mockups of four-door and off-road versions of the Mustang. More at Motor Authority. 

+   Confirming earlier reports, NASCAR announced that the annual NASCAR Cup Clash will move from the Los Angeles Coliseum in 2025 to Bowman Gray Stadium in North Carolina. More at Fox Sports. 

Photo courtesy of Bring A Trailer. 

Review the previous MCG Executive Briefing from August 16 here.

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