Top sellers at the Bonhams Philadelphia Simeone Foundation Automotive Museum auction included this 1933 Packard Super Eight Touring at $106,400. Get all the latest auto industry news in the Executive Briefing. 

Today’s Headlines:

+   After a five-month review, Ford Motor has chosen New York-based BBDO as its new lead advertising partner, snubbing its longtime provider, WPP’s Global Team Blue. More at The Detroit Free Press. 

+   German carmaker BMW will acquire a majority stake in Brilliance China Automotive, its joint venture in China, the first outside auto manufacturer to do so. More at Deutsche Welle. 

+   The average annual percentage rate for a new-car loan rose 5.8 percent in September, up one full point over the same month last year, according to NADA. More at The Detroit News. 

+   European sales fell sharply for Volkswagen Group brands Skoda, VW, Audi, and Seat as the WLTP emissions testing protocols went into effect. More at Automotive News Europe. 

+   Automotive marques Toyota, Mercedes, and BMW made Interbrand’s 19th edition of its Best Global Brands, a listing of the world’s 100 most valuable brands. More at USA Today. 

+   Kevin Wheatcroft, son of Tom Wheatcroft, announced that his father’s famed racecar museum, The Donington Collections, will permanently close on November 5. More at Vintage Road & Racecar.

+   Fiat Chrysler Automobiles will offer a plug-in electric hybrid version of the Jeep Wrangler to be manufactured at the company’s Melfi, Italy assembly plant. More at Motor Trend. 

+   Terence Adderley, the former chairman and CEO of Kelly Services and a prominent classic car collector and patron of the hobby, has passed away at 85. More at Crain’s Detroit Business. 

+   Top sellers at the Bonhams Philadelphia Simeone Foundation Automotive Museum auction included a 1970 Ferrari 365 GT 2+2 and a 1933 Packard Super Eight. More at Hemmings Daily. 

+   The Formula 1 Strategy Group has abandoned a proposal to award race points in the series down to 20th place in 2019 instead of the current top 10 finishing spots. More at Motorsports.com. 

Review the previous Executive Briefing from October 8 here. 

Photo courtesy of Bonhams. 

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