MCG Executive Briefing for April 15, 2022

At the New York Auto Show, Deus Automobiles unveiled the 2025 Vayanne electric hypercar with 2200 hp and a top speed of 248 mph. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

 Noteworthy product introductions at the 2022 New York Auto Show, the first in two years, include the Kia Niro and the refreshed Hyundai Palisade and Subaru Outback. More at The Drive. 

 Hyundai will invest $300 million to include electric vehicle assembly at its Montgomery, Alabama plant, the South Korean automaker’s first EV production in the USA. More at Reuters. 

 Both Ford and General Motors  saw their sales in China, the world’s largest auto market, falter in the first quarter of 2022 due to the COVID resurgence and microchip shortage. More at The Detroit News.

+   NTT IndyCar Series and Indianapolis Motor Speedway owner Roger Penske says he wants to see a somewhat longer season schedule with more oval courses on the calendar. More at Racer. 

 Lamborghini chief executive officer Stephen Winkleman says the wait time for a new SUV or sports car from the company is now more than 12 months due to high demand. More at CNBC. 

+   The next-generation GMC Canyon pickup due in the summer of 2022 as a 2023 model will get an AT4X off-road specialty model, the truck maker confirmed via press release. More at Motor Authority. 

 Austrian carmaker Deus Automobiles rolled out the Vayanne electric hypercar, which is slated to appear in 2025 in a run of 99 vehicles with 2200 hp and a top speed of 248 mph. More at Car and Driver. 

 General Motors announced it has reached a multi-year agreement with mining giant Glencore that will supply the automaker with cobalt from Australia for its EV batteries. More at Autoweek. 

 Stellantis has unveiled a Graphite version of the Chrysler Airflow electric concept sedan with Galaxy Black exterior paint and Cyprus Copper accents inside and out. More at the Detroit Free Press. 

 Automobile Club de Monaco President Michel Boeri insists that the Monaco Grand Prix will remain on the Formula 1 calendar, despite charges that the course is obsolete. More at Motor Authority. 

Photo courtesy of Deus Automobiles. 

Review the previous Executive Briefing from April 10 here.