This 1999 Shelby Series 1 Supercharged will be offered without reserve at the Kruse Auburn Fall sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The price of diesel fuel has risen to a nationwide average of $5.62 per gallon, and analysts expect it to continue to increase due to multiple bottlenecks in world oil supplies. More at The Drive.
+ Honda is warning that the carmaker may not build a new assembly plant in North America if the U.S., Canada, and Mexico fail to extend the USMCA free trade agreement. More at Yahoo! Finance.
+ The Jack Demmer Automotive Group, a Ford dealer in Wayne, Michigan, has launched live commercial drone operations to deliver auto parts throughout Metro Detroit. More at CBT News.
+ Driver Sergio Perez says the Cadillac team’s recent stall in development has made the past few Formula 1 races “a disappointment,”” but adds the team is continually learning. More at Motorsport.com.
+ Mitsubishi is prepping for a major expansion of its US vehicle lineup, including a new Outlander, an EV, and a return to the pickup market through a partnership with Nissan. More at Autoweek.
+ Mate Rimac, Bugatti’s 38 year-old chief executive, believes internal combustion engines will continue to dominate the high-end supercar market for decades to come. More at Autoblog.
+ Automaker Kia and its South Korean labor union have reached a tentative wage agreement, the union and company said, averting the partial strikes scheduled soon. More at World Auto Forum.
+ Lotus Technology reported first-half 2026 deliveries of 3,904 vehicles, up 39 percent year-on-year, driven by the sales of the Eletre X, the company’s first plug-in hybrid. More at Automotive World.
+ Consignments for the annual Kruse Auctions Auburn Fall sale will include hot Japanese collectibles from Toyota and Mitsubishi and a 1999 Shelby Series 1 Supercharged. More at Old Cars.
+ Sources say NASCAR is close to finalizing a deal with FedEx Freight to become the title sponsor of the Truck Series, replacing Craftsman Tools, in that role since 2023. More at Jayski.
Photo courtesy of Kruse Auctions.
Review the previous MCG Executive Briefing from August 24 here.
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