A British company is offering an electric conversion kit for the first-gen Mazda Miata. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   General Motors will take a write-down in assets and a restructuring charge totaling $5 billion in the fourth quarter due to declining sales and losses of revenue in China. More at AP News.  

+   German seatmaker Recaro Automotive has been rescued from impending bankruptcy with an investment agreement by Proma Group, an Italian parts supplier. More at The Drive. 

+   Chinese automakers are ramping up exports of hybrid vehicles to Europe in reaction to the increased tariff on pure battery-electric vehicles imposed by the European Union. More at Yahoo! Finance. 

+   Motorsports veteran and Andretti Global consultant Graeme Lowden has been named team principal for the Cadillac Formula 1 team as it enters the series in 2026. More at Racer. 

+   Due to lack of consumer demand, Suburu is officially retiring the base version of its WRX performance model in 2025, raising the entry-level price to $35,750 for Premium trim. More at Autoblog.  

+   In Germany, members of the IG Metall union are stepping up walkouts for the next round of talks between Volkswagen and labor representatives over cost-cutting measures. More at MSN. 

+   U.S. vehicle brands continue to trail their competition in reliability while Subaru leads the rankings for the first time, according to Consumer Reports’ 2025 Automotive Report Card. More at the Detroit Free Press. 

+   Former Formula 1 maximum ruler Bernie Ecclestone is selling off his seldom-seen collection of 69 historic Grand Prix and F1 race cars through a private broker in the UK. More at Motor Authority. 

+   Electrogenic, a UK-based specialist in EV conversions, is offering a kit to convert the first-generation Mazda Miata to electric with a 42-kWh battery pack and a 161 hp motor. More at Car and Driver. 

+   Four regular seats in the IndyCar Series for 2025 remain to be filled, with Conor Daly, Romain Grosjean, and Rinus Veekay said to be among the leading candidates. More at Motorsport.com. 

Photo courtesy of Electrogenic. 

Review the previous MCG Executive Briefing from December 2 here. 

Join Mac’s Motor City Garage on Facebook and X (Twitter) to receive notices when every new story is published.