This 1959 MGA Roadster will be among the offerings at the H&H Classic Autumn Sale. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines: 

+   Ford reports that sales of all-electric vehicles increased by 30.2 percent in the third quarter, while EV sales at General Motors and Hyundai more than doubled over the period. More at CNBC. 

+   The Los Angeles headquarters of EV maker Faraday Future was seriously damaged and declared unsafe when a prototype vehicle exploded, but no injuries were reported. More at Car and Driver. 

+   General Motors laid off approximately 900 workers at its Fairfax Assembly and Stamping Plant near Kansas City, Kansas and has shelved plans to add a second shift. More at CBT News. 

+   Formula 1’s governing body has declared this weekend’s Singapore Grand Prix a “heat hazard” race as temperatures are expected to exceed 31C (88F) with extreme humidity. More at BBC Sport. 

+   Dodge would not confirm or deny a report that the Charger Banshee, which was to be its most powerful EV, has been cancelled to focus development on V8-powered models. More at The Drive. 

+   In an interview, Ford CEO Jim Farley said the company’s $30,000 EV pickup due in 2027 is a “pickup, but not really,” adding that it has more interior room than a Toyota RAV4. More at Autoblog. 

+   A group of Tesla shareholders including SOC Investment Group and several state officials are urging investors to vote against Elon Musk’s $1 trillion compensation package. More at Investing.com. 

+   The recent bankruptcies of a subprime auto lender and a parts supplier have rattled the U.S. credit market, concerned about the financial health of low-income households. More at World Auto Forum. 

+   Select British, German, and American classics from a single collection will be offered at the annual H&H Classic Auctions Autumn Sale in Buxton, Derbyshire on October 15. More at Old Cars. 

+   Veteran Kevin Kidd has been named North American motorsports competition director for Stellantis to head its Ram NASCAR Truck and Dodge drag racing programs. More at Performance Racing Industry. 

Image courtesy of H&H Classic Auctions. 

Review the previous MCG Executive Briefing from September 29 here. 

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