This 1959 Ferrari Spider California is expected to bring up to $14 million at the Broad Arrows Amelia Island auction. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   Tim Kuniskis, a former Dodge and Ram chief executive who left Stellantis last spring, is returning to the company to lead Ram truck and Alfa Romeo North America. More at The Detroit News. 

+   General Motors CEO and chair Mary Barra warned of a “substantial impact” from the proposed 25 percent tariff on Mexican and Canadian goods from the incoming Trump administration. More at CBT News.

+   The Confederation of Japan Automobile Workers’ Unions has set a specific target for pay hikes in wage negotiations with the automakers for the first time in seven years. More at U.S. News and World Report. 

+   NASCAR announced that practice and qualifying procedures on all three major series will be revamped for 2025, with starting positios based solely on qualifying results. More at The Tennessean.

+   A 2025 Ford Mustang GTD driven by Dirk Müller lapped the Nürburgring Nordschleife in 6:57.685, the first U.S. production car to lap the ‘Ring in less than seven minutes. More at Car and Driver. 

+   German carmaker Mercedes-Benz will replace four members on its management board, the firm announced this week, with the appointments due to take effect in 2025. More at World Auto Forum. 

+   Lotus Europe CEO Dan Balmer says the company is actively working on hybrid-powered versions of its Eletre and Emeya EVs, an apparent pivot from its all-EV strategy. More at Motor Trend. 

+   General Motors announced it will stop funding robotaxi development at its Cruise division to focus on its Super Cruise driver assistance system for consumer vehicles. More at the Guardian. 

+   The Broad Arrow Auctions sale at Amelia Island on March 7-8, 2025 will feature a 1959 Ferrari 250 GT California Spider Competizione that is expected to bring up to $14 million. More at Old Cars. 

+   Following the FIA’s World Motor Sport Council in Rwanda, driver cooling units were mandated for Formula 1 along with stricter rules for the Drag Reduction System (DRS). More at Motorsport.com. 

Photo courtesy of Broad Arrow Auctions.

Review the previous MCG Executive Briefing from December 9 here. 

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