This 1964 Ferrari Lusso was among the top sellers at the Broad Arrow Auctions Zoute sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Tesla CEO Elon Musk unveiled the Tesla Roadster hypercar, now reportedly due in 2028, with a show-biz demonstrator vehicle featuring a road-vacuum system and jet thrusters. More at NBC News.
+ General Motors remains on track to launch eyes-off, hands-off autonomous driving on the Cadillac Escalade IQ in 2028, CEO Mary Barra told Jim Cramer on CNBC’s Mad Money. More at CBT News.
+ Mind Robotics, an industrial robotics company founded by Rivian CEO RJ Scaringe in late 2025, has named former Ford, Apple, and Tesla executive Doug Field as president. More at Wards Auto.
+ The TGR Haas Formula team announced that Formula 2 title contender and Ferrari Driving Academy member Rafael Camara has signed a multi-year contract starting in 2027. More at Racer.
+ The Mexican government announced that a new five-year tariff break for imported car parts will apply only to automakers with existing production facilities in the country. More at World Auto Forum.
+ Hyundai has issued a recall and a “park outside” warning some 2015–2016 Genesis and 2017–2020 Genesis G80 sedans that could catch fire and pose a safety hazard. More at Car and Driver.
+ General Motors is throwing cold water on reports that the Corvette will be offered with a traditional manual transmission, as the mid-engine packaging makes it impractical. More at The Drive.
+ While sales of the new Hyundai Tuscon climbed 32 percent and the Honda CR-V rose 22.9 percent, sales of Toyota’s compact SUV, the RAV4, remained flat last month. More at Autoblog.
+ Broad Arrow Auctions reported total sales of $40.136 million and a sell-through rate of 91 percent for its second annual Zoute Concours sale in Knokke-Heist, Belgium. More at Old Cars.
+ Ford appears to be readying a new NASCAR Cup body style for 2027 as a car with signature blue camouflage was spied at a Goodyear tire test at Charlotte Motor Speedway. More at Jayski.
Photo courtesy of Broad Arrow Auctions.
Review the previous MCG Executive Briefing from October 16 here.
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The Tesla roadster unveiling was the dumbest PR stunt in automotive history.
P T Barnum on full display.
Apparently there were independent observers in the crowd.
Of course that only means they get credit for staging the stunt with a physical prop rather than just making the whole thing in generative AI.
If it has a full load of batteries I’ll cut them up with a chainsaw Jason Torchinsky-style and eat them.
Park ’em outside ladies and germs, 95,000+ HYUNDAI GENESIS- the five page Part 573 Safety Recall Report 26V664 defect or noncompliance:
“The front seat slider and height adjustment control switch used on non-memory power seats in the
subject vehicles may become dislodged or damaged when subjected to external force(s), potentially causing the switch to remain engaged and the seat adjustment motor to operate continuously, even after the occupant exits the vehicle. Prolonged motor operation over time may result in overheating,
thereby increasing the risk of a vehicle fire while driving or parked.”
Safety Defect Remedy Program:
“Hyundai is currently working on a remedy for this defect condition. While the remedy is being
developed, Hyundai recommends all owners to park their vehicles outdoors and away from other
vehicles or structures until the repair has been performed.”
HYUNDAI and supplier NIDEC MOBILITY KOREA CORPORATION have been pissing around with this safety defect in America and Republic of Korea since before 2021 according to the NHTSA documents…