A giant hoard of rare vintage Corvettes and parts is going to auction in Wisconsin in October. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   New car sales in the European Union fell 18.3 percent in August to their lowest point in three years, dragged down by double-digit losses in major markets Germany, France and Italy. More at Reuters. 

+   Stellantis has streamlined the 2025 Jeep Gladiator pickup lineup with the discontinuation of the standard six-speed manual transmission and a new base price of $39,995. More at Car and Driver. 

+   General Motors EV owners can now purchase the necessary NACS adapter that gives them access to Tesla’s Supercharger vehicle charging network, the largest in the USA. More at The Detroit News. 

+   Maserati chief communication officer Maria Conti has been assigned to head Maserati Corse, the Italian automaker’s competition division, replacing Giovanni Sgro. More at Racer. 

+   Wholesale used-vehicle prices saw a modest 0.2 percent decline in the first half of September and a 5 percent slide over the past year, according to the latest Manheim Index. More at CBT News.

+   Ford has officially released the engine output figures for the 2025 Mustang GTD, rating the 5.2-liter supercharged dry-sump V8 at 815 hp at 7,650 rpm and 664 lb-ft of torque. More at Autoweek. 

+   The United Auto Workers union has issued a strike deadline of September 25 at the Ford Dearborn tool and die plant, while planning more strike authorization votes at Stellantis. More at CNBC.

+   A large hoard of rare vintage Corvettes and parts collected over 50 years will be offered on October 5, 2024 in Jefferson, Wisconsin by barn-find specialists VanDerBrink Auctions. More at Old Cars. 

+   Volkswagen may book up to $4.4 billion in budget provisions for capacity cuts as early as the fourth quarter, analysts said after traveling with VW executives in North America. More at World Auto Forum. 

+   NASCAR Cup driver Bubba Wallace has signed a multiyear contract extension with 23XI Racing as the team works to hammer out a new charter agreement with NASCAR. More at Yahoo! Sports. 

Photo courtesy of VanDerBrink Auctions. 

Review the previous MCG Executive Briefing from September 16 here. 

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