A 1973 Ferrari Dino 246 GTS formerly owned by Detroit rocker Bob Seger is for sale via online auction. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   General Motors is laying off about 1,000 workers worldwide, mainly salaried employees, in pursuit of its goal to cut $2 billion in fixed costs by the end of this year. More at CBS News. 

+   Hyundai has named U.S. chief and global chief operating officer Jose Munoz co-CEO, the first appointment of a foreign national to that rank at the South Korean carmaker. More at U.S. News & World Report. 

+   Stellantis has appointed Santo Ficili to be the new CEO for the luxury Maserati brand, replacing Davide Grassom, who moves to a new post as Stellantis chief heritage officer. More at The Detroit News. 

+   Three people were injured and racing was delayed at the NHRA World Finals at the Pomona Fairplex outside Los Angeles when a small private aircraft crash-landed in a parking area. More at KTLA 5.

+   The Advance Auto Parts retail chain plans to close 700 stores, including 204 independent locations, and four distribution centers by 2027 in a bid to reduce operating costs. More at The Drive. 

+   According to a recent patent filing, Jeep is developing a modular hardtop system for the Wranger to store the top components inside the vehicle rather than leaving the  roof behind. More at Motor Authority. 

+   Consumer demand for new and used vehicles bounced back in October after a slight dip in September as prices continue to drop, according to data compiled by CarGurus. More at the Detroit Free Press. 

+   A freshly restored 1973 Ferrari Dino 246 GTS formerly owned by Detroit rock and roll legend Bob Seger is currently offered for sale at the online auction website Bring A Trailer. More at Car and Driver. 

+   NASCAR will allow 23XI Racing and Front Row Motorsports to race as open teams in 2025 while they continue to pursue their antitrust lawsuit against the current charter system. More at Jayski. 

+   Swedish battery maker Northvolt has been discussing the possibility of bankruptcy protection in the United States as one of several options for the cash-strapped company.  More at World Auto Forum. 

Photo courtesy of Bring A Trailer. 

Review the previous MCG Executive Briefing from November 15 here. 

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