This 1941 Chrysler Town & Country Barrelback station wagon was the top seller at the Bonhams Simeone auction, bringing $277,760. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines:

+   General Motors CEO Mary Barra called a meeting with United Auto Workers officials in an attempt to restart stalled negotiations and reach an end to the current strike. More at The Detroit News. 

+   British inventor James Dyson has cancelled his company’s $3.1 billion electric car program, which employs more than 500 people, saying it is “not commercially viable.” More at the UK Independent. 

+   Renault Chief Financial Officer Clotilde Delbos could be named as the automaker’s interim CEO to replace Thierry Bollore, a French television station has reported. More at Automotive News Europe. 

+  NASCAR may switch to gasoline/electric hybrid drivetrains in 2022, starting first on road courses and short ovals, according to senior vice president Steve Probst. More at Fox News.

+   BMW rolled out its new M8 Gran Coupe and M8 Gran Coupe Competition four-doors, both powered by 4.4 liter twin-turbo V8s with more than 600 horsepower. More at The Drive.  

+   Tesla this summer quietly acquired Hibar Systems, a Toronto-area company specializing in high-speed battery manufacturing systems for electric vehicles. More at Electric Autonomy. 

+   Chevrolet has released more info on the 2020 Corvette C8.R factory racer, including details of its 5.5-liter V8, which features double-overhead cams and a single-plane crankshaft. More at Autoblog. 

+   Bonhams’ annual Simeone Foundation Automotive Museum auction in Philadelphia produced $2.75 million in sales and an 80 percent sell-through rate. More at Classic Cars.com Journal. 

+   The U.S, military has extended its contract with BAE systems of Arlington, Virginia and Sterling Heights, Michigan to construct 168 Bradley Fighting Vehicles. More at Crain’s Detroit Business. 

+   The IndyCar series and the Indianapolis Motor Speedway have chosen Chicago-based sports agency Schafer Condon Carter (SCC) to build a combined promotional campaign. More at Racer. 

Review the previous Executive Briefing from October 7 here.

Photo courtesy of Bonhams. 

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