At nearly $676,000 fee-inclusive, this 1931 Cadillac V-16 Fleetwood Sport Phaeton was among the top five sellers at the RM Sotheby’s London sale. Get all the latest automotive news in the Executive Briefing.

Today’s Headlines:

+   President Donald Trump threatened a 20 percent tariff on Canadian autos and the “ruination” of the country’s economy if it won’t agree to a favorable trade deal. More at Bloomberg.com. 

+   Ford’s $25 billion global restructuring will be focused on manufacturing and product development, with cuts targeted at the European and South American operations. More at The Detroit News. 

+   Shares in Tesla Inc. took a 6 percent tumble when CEO Elon Musk smoked marijuana during an interview with Joe Rogan and offered a range of free-wheeling comments. More at NPR. 

+   Mick Schumacher, the 19 year-old son of seven-time Formula 1 World Champion Michael Schumacher, scored his third Formula 3 race victory in a row at the Nurburgring. More at Motorsport.com. 

+   Nissan global design chief Alfonso Albaisa confirmed that the company will have a next-generation Z car ready for debut at the Tokyo Auto Show in October 2019. More at Autoblog. 

+   Fiat Chrysler Automobiles CEO Mike Manley will name his management team by the end of September, chairman John Alkann announced at a shareholder meeting. More at Automotive News Europe. 

+   The 2020 Kia Telluride three-row CUV made a surprise appearance at New York Fashion Week, months ahead of its official introduction in Detroit next January. More at AutoGuide. 

+   Top sales at the RM Sotheby’s London 2018 sale included a 2003 Ferrari Enzo at $2.55 million and a 1931 Cadillac V-16 Sport Phaeton by Fleetwood at $676,000. More at Sports Car Digest.

+   Reports say the Lexus IMSA GT Daytona program will partner with the Vasser-Sullivan Racing team of Jimmy Vasser and James “Sulli” Sullivan in 2019. More at Racer.

+   Volkswagen goes to trial in Frankfurt this week as international shareholders seek $10.7 billion in compensation related to the Dieselgate emissions cheating scandal. More at Reuters. 

Review the previous Executive Briefing from September 7 here. 

Photo by Tom Wood courtesy and copyright RM Sotheby’s. 

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