The priceless 1957 Corvette SS in the Indianapolis Motor Speedway collection is headed to auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Toyota’s global output dropped for a ninth consecutive month in October, dragged lower by production declines in the USA and China, but the company did record an uptick in sales. More at Reuters.
+ Share prices in General Motors and Stellantis fell after President-elect Donald Trump threatened a 25 percent tariff on goods imported from Canada and Mexico into the United States. More at CNBC.
+ The Attorney General of Louisiana is telling 4,000 drivers in the state to tear up the speeding tickets issued by a constable in West Baton Rouge Parish, calling them illegal. More at The Drive.
+ The section of Mid-Ohio’s road course known as China Beach where Simon Pagenaud launched off the track in 2023 due to brake failure and barrel-rolled has been replaced. More at Racer.
+ A cylinder explosion at General Motors’ EV plant in Hamtramck, Michigan on Thanksgiving day has sent a worker to the hospital with non-life threatening injuries. More at the Detroit Free Press.
+ EV maker Rivian Automotive is poised to receive a $6.6 billion loan from the U.S. Department of Energy to restart its plans for a massive manufacturing facility in Georgia. More at Autoblog.
+ SUVs continue to dominate the U.S. vehicle market, capturing 58 percent of all vehicle transactions between January and October 2024, a record high according to Edmunds. More at CBT News.
+ General Motors and developer Dan Gilbert are seeking funding from the state of Michigan for redevelopment of the Rennaissance Center, GM’s former headquarters. More at The Detroit News.
+ RM Sotheby’s will auction eleven priceless cars from the Indianapolis Motor Speedway Museum collection at three separate events in Stuttgart, Paris, and Miami in February. More at Old Cars.
+ Californian Toni Breidinger, a Toyota Racing Development driver, has landed a full-time ride in the NASCAR truck series in 2025 driving for David Gilliland’s Tricon Garage. More at The Daytona Beach News-Journal.
Photo courtesy of RM Sotheby’s.
Review the previous MCG Executive Briefing from November 25 here.
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