MCG Executive Briefing for November 8, 2021

This 1938 Brough-Superior SS100 sold for $306,571 in the H&H Classics auction at the National Motorcycle Museum at Solihull, England. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines:

 Honda’s luxury Acura division is teasing images of its 2022 Integra sedan prototype in advance of the official reveal ceremony scheduled for September 11 in Los Angeles. More at Motor 1.com.  

+   Elon Musk asked his 62 million Twitter followers whether he should sell 10 percent of his Tesla shares (he owns 17 percent of the company) and a majority voted yes. More at Yahoo! News. 

+   A spokesperson for Porsche SE says the Porsche and Piech families continue to support Volkswagen CEO Herbert Diess as he faces growing opposition from labor leaders. More at US News Money. 

 Kyle Larson won his first NASCAR Cup Series championship, capping a 10-win season with a victory from the pole position in the season finale at Phoenix. More at USA Today. 

 Rivian Automotive, the electric truck maker backed by Amazon, has elevated the marketed range of its pending initial public offering to raise as much as $10 billion. More at The Detroit News. 

 Ford plans to repurchase up to $5 billion of its high-cost junk bonds as part of a wider plan to reduce liabilities and focus on more sustainable business operations. More at CNBC. 

 The Alfa Romeo Giulia will live on as an electric sports sedan based on the Stellantis STLA Large architecture, according to the brand’s CEO, Jean-Philippe Imparato. More at UK Auto Express. 

 Sales of the DBX luxury SUV accounted for more than half the volume at Aston Martin for the first nine months of 2021, trimming the company’s losses in the third quarter. More at Autoweek.

+   Organizers at the H&H Classics auction at the National Motorcycle Museum at Solihull, England called the event “a roaring success” with more than $2 million in sales. More at ClassicCars.com Journal. 

+   Chip Ganassi Racing will prepare five cars for the 106th running of the Indianapolis 500 next May, including a fifth entry for 46 year-old IndyCar veteran Tony Kanaan. More at Racer. 

Photo courtesy and copyright of H&H Classics. 

Review the previous Executive Briefing from November 5 here. 

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