Steve McQueen’s 1952 Hudson Wasp will be offered at the RM Sotheby’s Hershey auction. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ United Auto Workers president Shawn Fain issued an early warning to automakers on 2028 contract negotiations, saying the union will hold firm on pensions and medical benefits. More at CBT News.
+ The BMW Group announced senior management changes as Jean-Philippe Parain, who currently heads sales in multiple regions, will now take over as head of the Mini brand. More at World Auto Forum.
+ After multiple delays, Stellantis has cancelled development of its battery-electric Ram pickup that was originally scheduled to go on sale in 2024, citing lack of consumer demand. More at CNBC.
+ At Bristol, Alex Bowman, Austin Dillon, Shane van Gisbergen, and Josh Berry were eliminated from the NASCAR Cup playoffs, leaving 12 drivers in contention for the 2025 title. More at NBC Sports.
+ Toyota confirmed that it plans to build two new three-row electric SUVs at its assembly plant in Georgetown, Kentucky, as Lexus ES sedan production moves back to Japan. More at Car and Driver.
+ The biggest losers from Mexico’s proposed 50 percent tariff on autos imported from China are set to be BYD and Tesla, which imports vehicles from its Shanghai plant to Mexico. More at MSN News.
+ Markus Schaefer, Chief Technology Officer at Mercedes-Benz, categorically denied news reports that the automaker would be using BMW engines in some of its models. More at Autoblog.
+ The Durango Hellcat and 392 SUVs cannot be sold in 17 states due to stricter emissions regulations there, leaving the standard 5.7-liter V8 as the only engine available. More at The Drive.
+ Steve McQueen’s 1952 Hudson Wasp two-door Brougham, which he called his “Sunday-go-to-church-car.” will be offered at the RM Sotheby’s Hershey auction on Oct. 8-9. More at Old Cars.
+ Circuit of the Americas chairman Bobby Epstein says he is “optimistic” the facility can secure an agreement with Formula 1 to continue the United States Grand Prix there. More at Racer.
Photo courtesy and copyright of RM Sotheby’s.
Review the previous MCG Executive Briefing from September 12 here.
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