MCG Executive Briefing for August 1, 2022

This Aston Martin DB5 replica stunt car used in the 2021 Bond film No Time to Die is expected to bring $2.4 milion or more in a charity auction. Get all the latest auto industry news in the Executive Briefing. 

 

Today’s headlines: 

+   China’s Guangzhou Automobile Group (GAC) announced it was “deeply shocked” by critical comments from Stellantis about the end of their joint manufacturing venture there. More at Reuters.

+   General Motors is again warning dealers about predatory selling tactics for in-demand vehicles such as the Hummer EV, theatening to cancel orders and void  warranties. More at Autoblog. 

 Jean-Philippe Imparato, CEO of the Alfa Romeo division of Stellantis, says the Italian automaker will develop a large sedan in the United States for multiple markets. More at U.S. News and World Report.  

+   Porsche is set to purchase a 50 percent share of Red Bull Technology in order to enter Formula 1 competition in 2026 as a partner of the team, according to legal documents. More at Racer. 

 Renault chief executive Luca De Meo says he see no imminent easing of the supply chain shortages that have plagued the auto manufacturers since the onset of COVID-19. More at CNBC. 

 Stellantis has appointed Mark Champine to direct its engineering centers in North America, while David McDonald will succeed him as head of customer experience. More at The Detroit News. 

 After three years of development, Porsche has finally revealed its factory 911 GT3 R racer, which boasts a 4.2-liter flat-six that makes 565 hp and a list price of $567,210. More at Autoweek. 

+   An Aston Martin DB5 replica stunt car used in No Time to Die is among a large collection of Bond movie properties to be sold at auction to benefit several British charities. More at The Drive. 

 NASCAR Cup driver Kyle Busch says negotiations continue with Joe Gibbs Racing to remain with the team while he explores his free-agent opportunities for other rides. More at Jayski. 

+   The next-generation 2024 Toyota Tacoma mid-size pickup will be available with four-cylinder turbo, V6 hybrid, and full-electric powertrains when it appears in mid-2023. More at Motor Trend. 

 Two-time world driver champion Fernando Alonso has signed a multi-year agreement  to  replace Sebastian Vettel on the Aston Martin team starting next season. More at Speedcafe. 

Photo courtesy of Christie’s. 

Review the previous Executive Briefing from July 29 here.