MCG Executive Briefing for April 8, 2022

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With a base price of $60,000, the Jeep Wagoneer is currently outselling the $90,000 Grand Wagoneer by a two-to-one margin. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

+   General Motors and Honda are expanding their partnership to make a series of “affordable” electric vehicles together based GM’s Ultium battery technology. More at The Detroit News. 

+   Toyota’s autonomous vehicle unit Woven Planet is following the lead of Tesla in advancing its self-driving technology with low-cost cameras.instead of costly sensors. More at Reuters. 

+   The Smart #1 electric crossover has officially been revealed, but despite its 268-horsepower motor and America-friendly styling, there are no current plans for the USA. More at Autoblog.

+   Sources at Audi and Porsche have indicated that they will wait until the 2026 Formula 1 engine regulations are announced before officially entering the series. More at Motorsport.com. 

+   According to the car shopping app CoPilot, which tracks dealership prices nationwide, consumer demand for used vehicles is dropping but prices are holding firm for now. More at CNBC. 

+   Nissan announced will invest $276.12 million in its plant in Resende in the Brazilian state of Rio de Janeiro and in launching new products between now and and 2025. More at U.S News and World Report. 

+   BMW Group reported 149.2 percent growth in the sales of its BMW and Mini battery-electric models in the first quarter of 2022 compared to the same period in 2021. More at Autoweek. 

+   General Motors has finally restarted production on the Bolt EV and EUV lines after remaining out of production for the better part of a year due to battery cell porblems. More at Electrek. 

+   Stellantis reports that the $60,000 Jeep Cherokee outsells the $90,000 Grand Cherokee by a two-to-one margin, but the Grand Cherokee still racked up a 36 percent sales gain. More at The Drive. 

+   NASCAR announced the 15 nominees for the Hall of Fame Class of 2023, which is the first Hall of Fame ballot announced in two years due to the COVID-19 pandemic. More at Jayski. 

Photo courtesy of Stellantis. 

Review the previous Executive Briefing from April 4 here.