Bugatti has unveiled its wildest hypercar yet, the 2026 Tourbillon with a 1,800-hp V16 hybrid drivetrain and a top speed of 277 mph. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Troubled electric vehicle maker Fisker Inc. recalled 6864 Ocean SUVs less than two weeks before filing for Chapter 11 bankruptcy protection, seeking to restructure its debts. More at Car and Driver.
+ The Detroit three automakers should exit the Chinese market “as soon as they possibly can” due to their falling market share there, says Bank of America auto analyst John Murphy. More at CNBC.com
+ The Michigan Court of Appeals upheld a lower court’s decision to dismiss a lawsuit aimed at stopping construction of Ford’s EV battery plant in south-central Michigan. More at The Detroit News.
+ In a surprise move, the Arrow McLaren IndyCar team has signed 19 year-old Jason Siegel to a mult-year driving contract, replacing rookie Théo Pourchaire effective immediately. More at Yahoo! Sports.
+ Stellantis CEO Carlos Tavares announced there could be more job cuts at its Chrysler unit, while reports say the Auburn Hills, Michigan headquarters may be sold. More at ClickOnDetroit.
+ Ford is updating its dealership floorplan assistance program, introducing new rules aimed at financially benefiting its retailers and encouraging faster inventory turnover. More at CBT News.
+ BMW announced it has cancelled a $2.15 billion order for battery cells for its electric vehicles with Northvolt, reportedly due to the Swedish company’s failure to deliver on schedule. More at Reuters.
+ Chevrolet has officially confirmed July 25 as the introduction date for the 2025 Corvette ZR1, which will reportedly feature a Z06 V8 with twin turbos and around 850 hp. More at Motor Authority.
+ Stewart-Haas Racing co-owner Gene Haas will retain one of the former team’s NASCAR Cup charters to run a single-car operation in 2025 called Haas Factory Team. More at NBC Sports.
+ Bugatti has unveiled its wildest hypercar yet, the 2026 Tourbillon with a 1,800-hp V16 hybrid drivetrain, a top speed of 277 mph, and a production run limited to 250 cars. More at The Drive.
Photo courtesy of Bugatti.
Review the previous MCG Executive Briefing from June 17 here.
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Thanks again!
I’m not impressed with massive horsepower I can’t make use of. Build a flying car and then I’ll answer your texts.
I guess the office of Stellantis hasn’t figured out the total change over to EV’s isn’t going to be a quick thing, and customers are voting with their feet they don’t like they’re current offerings. A more balanced plan like Ford and some others have should be much more viable. Unless they turn around soon, I predict there will be many more walk away to other companies.