Dodge and Mopar are unveiling this tricked-out Charger Sixpack Concept at SEMA. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines: 

+   A senior Toyota executive explicitly denied a claim by President Donald Trump that the Japanese automaker has pledged to build $10 billion in new plants in the United States. More at the Guardian. 

+   Carmakers around the world are planning to scale back production due to an export freeze on Nexperia, a Chinese chip maker based in the Netherlands, which threatens supply chains. More at The Detroit News. 

+   Stellantis CEO Antonio Filosa told analysts that Ram will launch its own SUV model in 2028, to be produced at the Warren, Michigan plant with gasoline and hybrid powertrains. More at Car and Driver. 

+   NASCAR may be close to a settlement with 23XI Racing and Front Row Motorsports to resolve the antitrust suit filed by the Cup teams over the current charter agreements. More at NBC Sports. 

+   General Motors laid off more than 1,700 workers at its electric vehicle assembly plant in Detroit and its Ultium battery cell plant in Ohio, citing a slowdown in the EV market. More at CNBC.

+   Nissan says it expects to book $1.82 billion in annual operating losses due to the impact of U.S. tariffs and warned that supply chain issues threaten second half revenue. More at World Auto Forum. 

+   According to a new study from credit reporting bureau TransUnion, auto load fraud is rising among low-risk borrowers using a technique commonly known as credit washing. More at CBT News. 

+   The Volkswagen Group reported a third-quarter operating loss of $1.52 billion, hit by billions of dollars in costs from U.S. tariffs and strategic changes at its Porsche unit. More at The Economic Times. 

+   At the SEMA show in Las Vegas, Dodge and Mopar are unveiling the Charger SIxpack Concept with a catalog full of their upgrades and Stryker Purple exterior paint. More at Motor1.com. 

+   The FIA has confirmed nine of the 10 Formula 1 teams were in compliance with its cost cap in 2024, with only Aston Martin cited for a procedural breach “of a very minor nature”. More at Racer. 

Photo courtesy of Dodge. 

Review the previous MCG Executive Briefing from October 27 here. 

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