Lucid has unveiled the 2025 Gravity, a three-row SUV with 440 miles range and a base price of $80,000. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   By a 55 percent to 45 percent margin, members of the United Auto Workers have voted to ratify a new labor agreement with General Motors that features record wage increases. More at Reuters. 

+   Warren Buffett’s Berkshire Hathaway sold its entire $850 million holding in General Motors shares last quarter, according to a Securities and Exchange Commission filing. More at CNN Business. 

+  The Insurance Institute for Highway Safety (IIHS) has determined that pickups, SUVs, and vans are around 45 percent more likely to cause fatalities in pedestrian crashes, More at The Detroit News. 

+   Ken Squier, co-founder of the Motor Racing Network, NASCAR Hall of Famer, and a legend in race announcing and television broadcasting for decades, has passed away at 88. More at the Burlington Free Press. 

+   Toyota has unveiled the redesigned 2025 Camry, which will arrive sometime next spring in LE, SE, XLE and XSE trim levels and will be offered with hybrid drivetrains exclusively. More at Autoblog. 

+   Stellantis is offering a voluntary buyout package to 6,400 of its 12,700 salaried employees, citing the cost of developing  and launching eight new electric vehicles. More at the Detroit Free Press. 

+   A 1962 Ferrari 330 LM/250 GTO, the sole remaining 1962 GTO raced by Scuderia Ferrari, hammered down for $51.7 million including fees at the RM Sotheby’s New York sale. More at Hemmings. 

+   The sixth-generation 2025 Subaru Forster debuted at the Los Angeles Auto Show with revised styling, updated driver-assist technology, and the promise of a hybrid model. More at Motor Authority. 

+   Lucid Motors has unveiled the 2025 Gravity, an SUV that offers styling based on the Air sedan, three-row seating, 440 miles of range, and a base price of “under $80,000.” More at Motor Trend. 

+   Formula 1 champion Max Verstappen panned the Las Vegas Grand Prix, calling it “99 percent show and 1 percent sporting event” and saying he felt ike a “clown” at the  opening. More at Motorsport.com. 

Photo courtesy of Lucid Motors.

Review the previous MCG Executive Briefing from November 13 here. 

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