MCG Executive Briefing for April 1, 2022

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At $638,000, this 2005 Ford GT owned by Kid Rock was the top seller at the RM Sotheby’s Fort Lauderdale auction. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

+   According to Brazil’s Auto Segredos, Stellantis South America president Antonio Filosa says the USA will get a compact Ram 1200 pickup to compete with the Ford Maverick. More at Autoblog. 

+   Vietnamese automaker VinFast has signed a preliminary deal to invest $2 billion in a manufacturing plant in North Carolina to make electric buses, SUVs, and EV batteries. More at Reuters. 

+   Both General Motors and Ford are working through supply chain problems that are forcing them to halt production at several Michigan manufacturing plants next week. More at The Detroit News. 

+   The United States will get a third Formula 1 race on the Grand Prix calendar starting in 2023 as the Las Vegas Grand Prix joins the current events in Miami and Austin, Texas. More at Sky Sports.

+  Honda and Acura have extended their HondaTrue Used and Acura Precision Used certification programs, which include a 112-point inspection, to vehicles 10 years old. More at The Drive. 

+   According to leaked sales materials, the first Stellantis vehicles to receive the new Hurricane twin-turbo inline six will be the Jeep Wagoneer and Grand Wagoneer as a $2000 option. More at Car and Driver. 

+   U.S. new vehicle sales for the first quarter of 2022 are expected to fall below 3.3 million, a 14 percent decline versus the same period last year, due to smaller dealer inventories. More at CNBC. 

+   High-end sports cars dominated the sales results at the RM Sotheby’s Fort Lauderdale auction, led by a 2005 Ford GT owned by Kid Rock that brought $638,000 . More at ClassicCars.com Journal. 

+   General Motors has asked workers at its plant in Shanghai, China to stay and sleep in the facility overnight to keep production moving with the city in lockdown due to COVID-19. More at the Detroit Free Press. 

+   Officials of both Honda and Chevrolet expressed satisfaction with the first on-track testing of the 2.4-liter twin-turbo V6 engines to be used in the IndyCar series starting in 2024. More at Racer. 

Photo courtesy and copyright of RM Sotheby’s. 

Review the previous Executive Briefing from March 28 here.