GMC has unveiled the 2023 Canyon midsized pickup, with production scheduled to begin next spring. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Electric truck maker Rivian Automotive is now forecasting a greater operating loss of $5.45 billion for the year, but did manage to exceed revenue estimates for the second quarter. More at Reuters .
+ Following up on the reveal of its corporate twin, the Chevy Colorado, the 2023 GMC Canyon midsized pickup has rolled out with production scheduled to being next spring. More at Autoblog.
+ IMG, the sports, entertainment, and events management giant that was acquired by WME to form Endeavor, has purchased a majority stake in auction house Barrett-Jackson. More at ClassicCars.com Journal.
+ NASCAR driver Noah Gragson, who currently competes in the Xfinity series with JR Motorsports, will move up to the Cup level full time next year to drive for Petty GMS. More at The Charlotte Observer.
+ Ford announced it is increasing its prices on the F-150 Lightning electric pickup between $6000 and $8500 as next year’s order books open for the hot-selling vehicles. More at Car and Driver.
+ At Honda, North American sales are down 40 percent over last year, as CIvic sales tumbled 67.4 percent and HR-V sales fell 70 percent, while net income slipped 33 percent. More at The Drive.
+ General Motors has made the OnStar connectivity service a mandatory purchase on some Buick, GMC, and Cadillac models, effectively raising their list prices by $1500. More at The Detroit News.
+ A Porsche Taycan driven by factory development driver Lars Kern has broken the lap record for production EVs at the Nürburgring with a time or 7 minutes and 33 seconds. More at Autoweek.
+ Ford is celebrating the launch of the orignal Bronco in 1966 with two new retro-styled versions of the 2023 Ford Bronco and 2023 Ford Bronco Sport that will go on sale in 2023. More at Motor Authority.
+ Mercedes Formula 1 driver George Russell says the FIA’s new Aerodynamic Oscillation Metric test designed to eliminate flexible floors could make his team more competitive. More at Motorsport.com.
Photo courtesy of GMC.
Review the previous Executive Briefing from August 8 here.