This 1965 Ferrari 275 GTB brought $2.75 million at the RM Sotheby’s Munich sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors confirmed it plans to remove Apple CarPlay and Android Auto from all future vehicles, expanding a decision that previously applied only to its EV lineup. More at Autoblog.
+ Ford has lowered its annual guidance, citing a fire at a critical aluminum supplier that will hamper F-150 production and could cost the automaker $1.5 billion to $2 billion. More at U.S. News & World Report.
+ Total employment at U.S. franchised car dealerships rose to 1.13 million in 2024, the highest level since 2019, though average weekly earnings per employee fell 1.7 percent. More at CBT News.
+ Cadillac has confirmed that its F1 test driver Colton Herta will make his Formula 2 debut next season with Hitech, following his switch from IndyCar at Andretti Global. More at Racer.
+ George governor Brian Kemp travelled to South Korea to meet with executives of Hyundai and LG Solutions to address the recent immigration raid at their plants in Georgia. More at World Auto Forum.
+ Volvo Cars far exceeded earnings forecasts with an operating profit of around $628.6 million due to effective cost-cutting measures, shooting the share price upward. More at TechStock² .
+ A fire at the General Motors Advanced Design Center in Pasadena, California took seven hours to extinguish, though GM reported that the blaze was confined to one vehicle. More at Car and Driver.
+ Citing unfair practices, the United Auto Workers announced that employees at the Chattanooga, Tennessee Volkswagen plant will vote on a strike authorization next week. More at Chattanooga News 9.
+ Exotic European sports cars and collectible BMWs dominated the RM Sotheby’s auction at Motorworld Munich, which recorded more than $30 million (€26,078,500) in sales. More at Old Cars.
+ Following his release from Trackhouse Racing, Daniel Suarez has landed at Spire Motorsports for 2026 as the replacement for Justin Haley in the NASCAR Cup series. More at Fox Sports.
Photo courtesy of RM Sotheby’s.
Review the previous MCG Executive Briefing from October 20 here.
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A “massive fire of battery packs and gas powered prototypes” required 7 1/2 hours to “extinguish” involving over “100 fire fighters and a hazmat team” downgraded to an “isolated fire of a single vehicle” with “no damage” to any structure eh?
Anyone capable of critical thinking who seriously raced nicad, nims or lipo RC cars prolly already understands an EV or hybrid is a potential rolling environmental disaster with a carbon footprint of 10,000 slow boats from China via the Suez Canal behind it.
Locked in anything that can be software glitched into a bridge abuttment then space bar’d into a head on with no way to escape or put out the fire, no thank you…
Preach, Thad!
The inspiration for the Datsun 240Z
Just as the Jaguar E-Type was the inspiration for this. It’s the generic ’60s sports car. Everything from Austin-Healey Sprite race cars to Corvettes to Shelby Daytona coupes used an interpretation of this design.
BTW, you have “George” up there instead of Georgia. Autocomplete error?