MCG Executive Briefing for November 4, 2024

Elvis Presley’s 1977 Seville, said to be the final Cadillac he ever bought, is now for sale via online auction. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

 Volkswagen’s radical cost-cutting program was unavoidable in correcting “decades of structural problems,” CEO Oliver Blume told the German newspaperBild am Sonntag. More at Yahoo! Finance. 

 Two men were injured and hospitalized when a Dodge Charger spun out of control and plunged into a group of spectators at an illegal street takeover in Anaheim, California. More at the Los Angeles Times. 

  Ford CEO Jim Farley told employees that manager bonuses could be cut 65 percent if the automaker doesn’t meet its goals to improve company performance and reduce costs. More at World Auto Forum. 

+   NHRA Funny Car points leader Austin Prock qualified no. 1 for the 14th time in a single season at The Strip in Las Vegas, breaking a record set by his team owner, John Force. More at Racer. 

+   Journalists report that a flood of low-priced electric vehicles was introduced at this year’s Paris Motor Show, but few of the models are likely to be available in the USA. More at Autoblog. 

+   Electric carmaker Zeekr of China reports that its deliveries surged by 92 percent in October from a year ago, helping the company clock its best month at 25,049 vehicles. More at CNBC. 

+   The 2025 Chevrolet Silverado EV will have its own version of GMC’s CrabWalk mode, a feature that was missing when the electric pickup truck debuted as a 2024 model. More at Motor Authority. 

 After just 18 months as president of Ford’s digital services and subscription business, Peter Stern is moving on to become president and CEO at Peleton International. More at the Detroit Free Press. 

 A 1977 Cadillac Seville owned by Elvis Presley and said to be the last car he purchased is offered via online auction by Bonhams|Cars from November 4 through 25. More at Old Cars. 

 Following Martinsville, the final field of four has been set for the 2024 NASCAR Cup season title race at Phoenix: Ryan Blaney, Joey Logano, Tyler Reddick, and William Byron. More at Sporting News. 

Photo courtesy of Bonhams|Cars.

Review the previous MCG Executive Briefing from November 1 here. 

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2 thoughts on “MCG Executive Briefing for November 4, 2024

  1. Nascar ’24: F1 wheels & tires including wets, F1 team tactics, F1 tv announcer, buy a ride spec cars w/ground effects, handout efi/ecm, video game mouse click shifting 4 times a lap @ Martinsville, big ten ncaa style officiating, etc

    Unrestrict the engines and put ’em all on 9″ bias ply tires- make it a true driver skill and balls contest like it used to be…

  2. The trouble with buying an Elvis Presley Cadillac is he reportedly bought more than 200 in his life. He gave them away like Hallmark cards. Tends to depress the price a bit.

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