Equipped with a rare factory supercharger, this distinctive 1934 Duesenberg Rollston Touring Berline is expected to bring up to $1.1 million at the Keno Brothers’ Rolling Sculpture sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Ford earned $2.7 billion in North America in the third quarter, up 89 percent on strong sales of the new F-150 pickup, but share prices slipped as earnings missed analysts’ targets. More at U.S. News & World Report.
+ Despite revenues of $30.7 billion, Fiat Chrysler Automobiles posted a $330 million loss in the third quarter, mainly due to $850 million in recall costs. More at The Detroit News.
+ Volkswagen has focused its internal investigation of the diesel emissions scandal on a group of up to 20 employees, including 10 senior managers. More at Reuters.
+ Mazda has revived the rotary engine in its new RX-Vision sports car concept introduced at the Tokyo Motor Show this week. More at The Verge.
+ With three new events in Phoenix, Road America, and Boston, the IndyCar series will remain at 16 races but stretch over five more weeks in 2016. More at Fox Sports.
+ In its new tentative labor agreement with the United Auto Workers, General Motors has agreed to spend $8.3 billion on upgrades of 12 U.S. plants. More at Crain’s Detroit Business.
+ At the Tokyo Motor Show, Lexus unveiled a new LF-FC hybrid concept that is said to foreshadow the brand’s next-generation luxury flagship sedan. More at Autocar.
+ Ford is recalling more than 130,801 vehicles in North America in two separate safety recalls and one safety compliance recall. More at Automotive Business Review.
+ Hyundai announced it has sold 10 million vehicles in the United States since the original Excel compact sedan was introduced here in 1986. More at Motor Trend.
+ The inaugural Keno Brothers’ Rolling Sculpture sale in New York City on November 19 will feature a Duesenberg Rollston Touring Berline with its original chassis, body, and supercharged engine. More at Hemmings Daily.
+ Sauber team principal Monisha Kaltenborn says Formula 1 is heading in the wrong direction by introducing an alternative engine program. More at Racer.
Read the previous Executive Briefing from October 26 here.
Photo courtesy of Keno Brothers Fine Automobile Auctions.