MCG Executive Briefing for August 28, 2026

This custom 2027 Ram Rumble Bee SRT will be auctioned for charity at the Barrett-Jackson Las Vegas sale. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

+  General Motors plans to assemble a heavy-duty ‌pickup at its Oshawa, Ontario plant as part of a deal with Unifor that would pump $791.31 million into Canada’s auto sector. More at World Auto Forum. 

+   According to Experian, sales of hybrid vehicles accounted for 16.8 percent of new vehicle financing in the second quarter of 2026, up from 12.99 percent a year earlier. More at CBT News. 

 Toyota will produce its next-generation battery-electric vehicle in China before anywhere else, which will be badged as a Lexus and ready for sale in autumn 2027. More at Automotive World. 

 Current Formula 1 world champion Lando Norris has committed his long-term future to McLaren after signing a new contract to remain at the team through at least 2030. More at ESPN. 

+   Electric vehicle giant BYD of China posted its first increase in quarterly profit in more than a year as net profit rose nearly 30 percent over the same period last year to $1.22 billion. More at Channel NewsAsia. 

 Hyundai plans to increase sales of its N high-performance models by five times from 20,000 units to 100,000 per year by 2030, in part through an expansion of its rally program. More at Car Revs Daily. 

+   A Southeast Michigan motorist received a $418 bill for recharging a rental Chevrolet Bolt EV at a Hyundai dealership kiosk in Macomb Township, which works out to $5 per kWh. More at Autoblog. 

+  Tom Cruise has confirmed that a sequel to the 1990 NASCAR melodrama Days of Thunder will be ready for a summer 2028 release with Anne Hathaway in a starring role. More at Car and Driver. 

+   A unique 2027 Ram 1500 Rumble Bee SRT and a 2005 Ram 1500 SRT-10 customized by RealTruck will be auctioned for charity at Barrett-Jackson’s 2026 Las Vegas sale. More at Old Cars.

+   The IndyCar Series dismissed as premature claims made by Barranquilla Mayor Alejandro Char, who announced that the Colombian city had secured an event for 2028. More at Motorsport.com. 

Photo courtesy of Barrett-Jackson. 

Review the previous MCG Executive Briefing from August 28 here. 

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