The custom 1953 Cadillac Elegante sold for a record $1.4 million at the Kruse Auburn fall sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ “If China wanted to come in and open a plant to build their cars here, I’d be OK with it,” President Donald Trump said to Laura Ingraham of Fox News on The Ingraham Angle. More at The Hill.
+ Ford is investing $1 billion to modernize its Louisville, Kentucky truck plant, its key production site for Super Duty trucks and large SUVs, with the work starting later this year. More at CBT News.
+ Vietnamese EV maker VinFast named chairman Pham Nhat Quan Anh, the eldest son of founder Pham Nhat Vuong, global chief executive as part of its restructuring. More at Reuters.
+ A 10-car pileup on pit road in the NASCAR O’Reilly Series race at World Wide Technology Raceway in St, Louis produced a dangerous moment for multiple pit crew members. More at Autoweek.
+ A survey by iSeeCars.com identified the 25 vehicles most likely to complete 250,000 miles or more, with more than half the list populated by various Toyota-built vehicles. More at Car and Driver.
+ China’s industry ministry unveiled a roadmap of its Five-Year Plan for the automotive industry, targeting 70 percent new energy vehicle (NEV) domestic market penetration by 2030. More at Automotive World.
+ According to a new study from Here Technologies and SBD Automotive, 56 percent of Americans are now considering electric vehicles due to continually rising gasoline prices. More at The Drive.
+ Jeep has introduced the 2027 Wrangler JL-2A, a special-edition Rubicon-based model honoring the 1945 Willys CJ-2A with an exclusive interior and trim for an extra $115. More at Autoblog.
+ The custom 1953 Cadillac Elegante with coachwork by Carrozzeria Motto sold for $1.4 million at the Kruse Auctions Auburn sale, setting a price record for Cadillacs at auction. More at Old Cars.
+ The IndyCar series released its final television numbers for the 2026 season on Fox, reporting a 23 percent increase over 2025 and an average of 1.681 million viewers per race. More at Motorsport.com.
Photo courtesy of Kruse Auctions.
Review the previous MCG Executive Briefing from September 11 here.
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