This 1959 Cadillac Eldorado Biarritz was among the top 10 sellers at the RM Sotheby’s Hershey auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Penske Automotive Group will go private as parent company Penske Corporation and minority shareholder Mitsui & Company agreed to acquire the outstanding stake. More at Wards Auto.
+ Porsche is officially developing a mid-engine supercar that it says will be permanently positioned above the rear-engine 911 in the sports car maker’s product line. More at Car And Driver.
+ The average transaction price (ATP) of new vehicles hit $50,562 in September, just $52 below the December 2025 record, while year-over-year growth holds at 0.7 percent. More at CBT News.
+ Following a series of brake failures at previous events this season, NASCAR will allow Cup teams to replace front pads and rotors after practice and qualifying sessions. More at Autoweek.
+ Volvo Cars is expanding its partnership with Nvidia to develop a new generation of driver-assistance and automated-driving technology, the companies jointly announced. More at Reuters.
+ Tony Roma, executive chief engineer of the Chevy Corvette and Performance Cars at General Motors, says a pure electric Corvette is coming but the carmaker can’t say when. More at The Drive.
+ Texas firefighters battled an intense fire for 18 hours at Frank Kent Cadillac in Fort Worth in which six Cadillac Escalade IQ EVs were destroyed and two were damaged. More at Autoblog.
+ Notable products on display at this year’s Paris Auto Show include the Alfa Romeo Cuorerosso, Citroen 2CV, Fiat Multiplay, Zeekr 9X, Denza Z Spyder, and Li Auto Li 6. More at Motor Trend.
+ Top sales at the annual RM Sotheby’s Hershey fall auction included at 1934 Duesenberg Convertible Berline by Murphy and the one-off 1956 Cadillac Eldorado Town Car. More at Old Cars.
+ After a number of successful track tests, Dallara has started series production on the IR-28 chassis that will supersede the current DW12 race car after the 2027 IndyCar season. More at Racer.
Photo courtesy of RM Sotheby’s.
Review the previous MCG Executive Briefing from October 12 here.
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I for one, am distressed at the corruption of the terms roadster, phaeton and coupe. Aside from that, awesomesauce!
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I thought that part of the reasoning behind motorsports was to improve the road car. No changing brake pads and rotors, engineer a solution! Discover the unfair advantage! We wouldn’t have disc brakes today if these simps were around when racing fulfilled its purpose.