The 392 Hemi V8 has a permanent place in the lineup, says Jeep’s CEO. Get all the latest automotive news in the Executive Briefing.
Today’s headlines:
+ Toyota, the world’s largest auto company in sales revenue, cut its annual operating profit forecast as it struggles to adjust to U.S. auto tariffs, predicting a $9.5 billion impact. More at CNBC.
+ General Motors and Hyundai Motor have outlined plans to jointly develop five vehicles as they seek to lower costs amid growing competition from nimble Chinese rivals. More at World Auto Forum.
+ Ford Motor Company is delaying the launch of its next-generation electric commercial van and electric full-size pickup until 2028, the Dearborn automaker confirmed. More at The Detroit News.
+ The IndyCar Series distanced itself from imagery chosen by the Department of Homeland Security to announce a new immigrant detention program in the state of Indiana. More at Racer.
+ Chevrolet has set the base price of the 1,250-hp 2026 Corvette ZR1X Coupe at $207,395 and the Convertible at $217,395, while adding a Quail Silver Edition to the lineup. More at Car and Driver.
+ Posche CEO Oliver Blume confirmed that the German automaker is developing a gasoline-only compact SUV crossover that will slot into the lineup alongside the Macan. More at Motor Trend.
+ Luxury EV maker Lucid reported second-quarter revenue of $259.4 million, a slight miss on the $262.4 million expected, meanwhile reducing its sales projection for 2025. More at Wards Auto.
+ Oracle co-founder Larry Ellison’s former 1997 McLaren F1 with just 6,500 miles on the odometer will by offered at auction by RM Sotheby’s in Monterey later this month. More at Autoblog.
+ Reversing earlier policies, Jeep CEO Bob Broderdorf says the 392 cubic-inch Hemi V8 will remain a key part of the Jeep lineup indefinitely, Including in the Wrangler and Gladiator. More at The Drive.
+ NASCAR has postponed until next year a plan to boost engine output in the Cup Series from 670 to 750 horsepower, a move drivers say is needed to improve competition. More at Jayski.
Photo courtesy of Stellantis.
Review the previous MCG Executive Briefing from August 4 here.
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