This 1962 Ferrari 250 GTO will be the star attraction at the Mecum Kissimmee auction in January. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ The Trump administration is proposing new CAFE fuel economy standards for vehicles that would roll back efficiency rules implemented under former President Biden. More at CBS News.
+ The European Commission is reviewing the EU’s anti-subsidy tariffs on Volkswagen electric vehicles built in China, possibly replacing them with a minimum price system. More at World Auto Forum.
+ The National Highway Traffic Safety Administration is investigating reports from Texas that Waymo self-driving vehicles have illegally passed school buses 19 times. More at Yahoo! News.
+ Toyota Gazoo Racing, the Japanese carmaker’s motorsport division, will become the title sponsor of the Haas Formula 1 team, which will be rebranded as TGR Haas F1. More at USA Today.
+ General Motors has been combining operations under one organization led by its influential new Executive Vice President and Chief Product Officer, Sterling Anderson. More at CNBC.
+ Nissan’s E-Power hybrid system arriving in 2027 will be a series hybrid configuration that operates like an extended-range EV with no plug-in recharging function available. More at The Drive.
+ Mercedes-Benz confirmed that the G-Wagen convertible will return to production as a special edition and reports it is now is undergoing early development drives in Austria. More at Autoweek.
+ Hackers have targeted 700Credit, credit services provider for car dealers, breaching sensitive data of 5.6 million customers and nearly 18,000 dealerships in North America. More at CBT News.
+ A 1962 Ferrari 250 GTO, the only one of 36 finished in white and in excellent unrestored condition, will be the star attraction at the Mecum Auctions Kissimmee sale on Jan. 6-18. More at Old Cars.
+ In the antitrust trial with 23XI Racing and Front Row Motorsports, NASCAR president Steve O’Donnell testified that CEO Jim France was opposed to a new team revenue plan. More at Sports Business Journal.
Photo courtesy of Mecum Auctions.
Review the previous MCG Executive Briefing from December 1 here.
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According to local Austin media, the school district asked Waymo to cease operations near their school buses during a four-hour block in the morning and a four-hour block in the evening when the district’s school buses are most active. Whamo denied the request but the NHTSA submitted a 12-page sternly worded letter on December 3 setting a January 20, 2026 deadline for a response.
TDOT in Texas or whatever its called, like ODOT in Ohio, has prolly been taken over by private equity lobbyists and career interns whose primary mission is capturing federal highway trust fund money by any means possible while outsourcing anything resembling engineering to virtual reality startups & carpet bagger contractors.
School buses are treated like garbage trucks whenever green new deal arm-waving crap is forced on the public, then insurance premiums and utility bills skyrocket for some reason, mine did…
Whamo. LOL my laugh for the day.