This high-end 1967 Nova Pro Touring will be among the star offerings at the Barrett-Jackson Scottsdale Fall Auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors is eliminating white-collar 1,000 jobs, mainly at the Warren Technical Center, following the announcement that Stellantis that it will cut up to 2,450 jobs at its Warren truck plant. More at CBT News.
+ Volvo has picked Monterrey in northern Mexico as the site for its new North American heavy-duty truck factory and expects construction to cost $700 million, the company said. More at Reuters.
+ The skunkworks team set up in California two years ago by Ford CEO Jim Farley will reportedly have a commercial EV van ready in 2026 and a midsize EV pickup in 2027. More at The Drive.
+ The cars and equipment of the Haas Formula 1 team were frozen in the Netherlands following the Dutch Grand Prix due to a $9 million disagreement with former sponsor Uralkali. More at Motorsport.com.
+ Alex Xydias, a pioneering hot rodder, dry lakes and drag racer, founder of the SoCal Speed Shop and the SEMA performance industry trade group, has passed away at 102. More at Autoweek.
+ Early order guides have revealed the pricing for the 2025 Cadillac Optiq, its entry level crossover EV, showing four trim levels with base prices ranging from $54,390 to $57,090. More at Autoblog.
+ Employees represented by the United Auto Workers rallied at the Stellantic Sterling Heights, Michigan plant, pressing CEO Carlos Tavares to honor the company’s promises. More at The Detroit News.
+ The 2024 Barrett-Jackson Scottsdale Fall Auction on October 10-13 will feature 24 cars from the Laymon family collection, including restomods, customs, and restored classics. More at Old Cars.
+ Trackhouse Racing has acquired a third NASCAR Cup charter from Stewart-Haas Racing and will campaign an entry for New Zealander Shane van Gisbergen full time in 2025. More at NBC Sports.
+ With deliveries scheduled to begin in Septermber, Vietnamese carmaker Vinfast has slashed the price of its new three-row VF9 luxury electric SUV by $10,000 to $71,000. More at Car and Driver.
Photo courtesy of Barrett-Jackson.
Review the previous MCG Executive Briefing from August 23 here.
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