This 1914 Stutz Bearcat 4E will be offered at Broad Arrow’s inaugural Audrain Concours Auction. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   A forecast from Cox Automotive predicts that General Motors and Ford will continue to lose U.S. market share as gasoline prices rise and buyers prioritize fuel efficiency. More at CTV News.  

+   Japan’s Honda Motor ​is in ‌the final stages ‌of ⁠preparations ⁠to build a new $2.5 billion hybrid ​vehicle assembly plant at an unannounced location ​in Ohio, ⁠Nikkei Asia  ⁠reported. More at Yahoo! Finance. 

+   Demand for electric vehicles continued to underpin growth in Europe’s car ​market in August, offsetting a steep decline ‌in petrol and diesel vehicle sales, according to ACEA. More at World Auto Forum. 

+   The Cadillac Formula 1 team has bolstered its technical team with new staffers, including Craig Skinner from Red Bull Racing to serve as chief development engineer. More at Racer. 

+   General Motors has refreshed the Chevrolet Silverado HD and GMC Sierra HD trucks, introducing a new Mongoose 8.3-liter diesel V8 with 555 hp and 1,230 lb-ft of torque. More at Car and Driver. 

+   Because many car loan interest rates move with the yields on five- and 10-year Treasury notes, which have spiked, buyers can expect to pay more for car loans, analysts say. More at CNBC.

+   A survey of British driving instructors shows that many believe teenagers should begin learning the basics of driving long before they’re legally eligible at 17 for a driver’s license. More at Autoweek. 

+   Under a new policy, Stellantis dealers will be prohibited from advertising Chrysler, Dodge, Jeep, or Ram vehicles at prices below a manufacturer-set minimum starting on October 1. More at CBT News. 

+   Broad Arrow’s inaugural Audrain Auction in Newport, Rhode Island will feature 65 collector cars, including a Stutz Bearcat, two Mercedes 300 SLs, and a Cadillac V16. More at Old Cars. 

+   NASCAR Hall of Famer and broadcaster Darrell Waltrip is “stepping further away” from public life after a recent diagnosis of frontotemporal degeneration, his family announced. More at The Tennessean. 

Photo courtesy of Broad Arrow Auctions. 

Review the previous MCG Executive Briefing from September 21 here. 

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