This 1902 Panhard Et Lavassor was the top seller at the Bonhams | Cars’ Golden Age of Motoring sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Tesla shareholders voted to approve an ambitious compensation package for CEO Elon Musk that could reward him with nearly $1 trillion if lofty performance goals are met. More at CNN.
+ The 2026 Hyundai IONIQ 9 and Kia Sportage both earned 2025 IIHS Top Safety Pick+ honors, surpassing Toyota and Honda in the toughest impact safety tests yet. More at Autoblog.
+ Shares in CarMax fell sharply after the used car retailer announced the unexpected departure of CEO Bill Nash and a weak preliminary outlook for its current fiscal quarter. More at CNBC.
+ Honda Motor Company CEO Toshihiro Mibe says the next big sales battleground in North America will be for EVs priced less than $35,000, though politics will delay the trend. More at Motor Trend.
+ The Pop Central Museum near Paris is auctioning off 50 famous TV and movie cars at no reserve, including a Ford Mustang from John Wick and a Lancer Evo from 2Fast2Furious. More at The Drive.
+ Lucid reported third-quarter results that fell short of Wall Street expectations for a second consecutive quarter, as the EV maker struggles to ramp up production of the Gravity SUV. More at CBT News.
+ The NASCAR Cup Series experienced a 14 percent drop in television ratings in 2025, which commissioner Steve Phelps says was anticipated due to the shift to streaming. More at Jayski.
+ Nissan swung back to an operating profit of $342 million in its second quarter, reporting its best result in more than a year due to reduced costs and increased sales. More at World Auto Forum.
+ A 1902 Panhard Et Lavassor once owned by Charles Rolls of Rolls-Royce was the top seller at the Bonhams | Cars auction held in tandem with the London to Brighton Run. More at Old Cars.
+ After a solid performance in testing, Brazilian Caio Collet, this year’s Indy NXT title runner-up, has been signed to drive for A.J. Foyt Racing in the 2026 IndyCar Series. More at Speed Sport.
Photo courtesy of Bonhams | Cars.
Review the previous MCG Executive Briefing from November 3 here.
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