This 1962 Facel Vega Facel II, owned by the same family for 35 years, is just one of the classic grand touring cars set to go on the block at the Bonhams Scottsdale sale in January. Get all the latest car biz news in the Executive Briefing. 

Today’s headlines: 

+   In an upcoming book, former Ford public affairs chief Jason Vines accuses the automaker of tapping his phone during the company’s 2001 Firestone tire crisis. More at The Detroit News. 

+   After announcing its fifth recall of 2014, Honda Motor has imposed salary cuts on president Takanobu Ito and 12 other executives. More at Automotive Business Review. 

+   Driving a Volkswagen, Sebastian Ogier of France sewed up a second straight World Rally Championship title with a victory in the Rally of Spain. More at Yahoo! Sports. 

+   Growth in China’s auto market, now the world’s largest, will slow by half to 7 percent in 2014, said a leading industry official at a conference in Shanghai. More at Reuters. 

+   Flooding in the August rainstorms at the General Motors Technical Center in Warren, Michigan produced over $132 million in damage. More at the Detroit Free Press.

+   Daimler AG and Volvo AB are among truck makers expected to be served with a European Union antitrust complaint for suspected collusion. More at Bloomberg.com. 

+   Audi is rumored to be dropping its LeMans and European touring car race programs to prepare for an attack on Formula One, possibly as early as 2016. More at Racer.

+   Third-quarter earnings at Ford were $1.2 billion before taxes, down $1.4 billion over the same period last year, but exceeded analysts’ estimates. More at The New York Times. 

+   The early consignments for the Bonhams Scottsdale auction in January 2015 include a impressive assortment of vintage European sports and GT cars. More at Sports Car Digest.

+   The financially troubled Marussia and Caterham Formula One teams will not compete in next week’s U.S. Grand Prix, says series boss Bernie Ecclestone. More at BBC Sport. 

For the previous Executive Briefing from October 24, click here. 

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