This 1938 Brough-Superior SS100 will be among the rare motorcycles on offer at the Bonhams|Cars Autumn Stafford sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ According to reports, Stellantis is searching for a successor to CEO Carlos Tavares, but chair John Elkann says the move is not related to the company’s recent troubles. More at the Detroit Free Press.
+ Nissan Motor will buy back around 195.5 million of its shares from Renault SA, worth $551 million, as part of an agreement to rebalance its alliance with the French carmaker. More at The Detroit News.
+ EV sales in the U.S. are expected to rise 8 percent in the third quarter of 2024 over the same period last year, while vehicle sales overall slip 5.4 percent, according to Cox Automotive. More at Autoweek.
+ Veteran Australian driver Daniel Ricciardo has been released by the RB Formula 1 team effective immediately, to be replaced by 22 year-old Red Bull junior driver Liam Lawson. More at ESPN.
+ Internet content creator Nathan Narra, known to YouTube subscribers as NateNation, was killed in a single-car rollover crash of a C8 Corvette in suburban Detroit. More at Road & Track.
+ Liquidators of the electric vehicle unit of debt-laden China Evergrande are still in talks with a potential buyer to take a stake in the company and provide a new credit line. More at Reuters.
+ Jeep plans to investigate traditional hybrid powertrains as a lower-cost alternative to plug-in hybrid and electric powertrains, according to Jeep brand executive Matthew Nyquist. More at Motor Authority.
+ Ford has averted a potential strike at its Dearborn Tool and Die plant upon reaching a tentative agreement with the United Auto Workers Local 600, representing around 600 workers. More at CBT News.
+ Toyota has increased its share buyback plan through April 30 to up to $8.31 billion in response to its declining share price, which has fallen 27 percent since May of this year. More at Investing.com.
+ The rare vintage motorcycles on offer at the Bonhams|Cars Autumn Stafford, UK sale on October 12-13 will include a 1938 Brough-Superior SS100 and a 1913 Flying Merkel. More at Old Cars.
+ IndyCar driver Alexander Rossi, who won the 2016 Indy 500 as a rookie, will move from Arrow McLaren to Ed Carpenter Racing in 2025, where he will team with Christian Rasmussen. More at Racer.
Photo courtesy of Bonhams|Cars.
Review the previous MCG Executive Briefing from September 23 here.
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