Tesla has officially begun deliveries of the Cybertruck with prices starting at $60,990. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Ford reported that its new labor agreement with the United Auto Workers cost the autmaker $8.8 billion and has joined rival General Motors in cutting its full-year profit forecast. More at Reuters.
+ According to data fron iSeeCars.com, the slowest-selling used cars in the USA include the Maserati Quattraporte, Kia EV6, Jeep Grand Cherokee, and Land Rover Discovery. More at Autoblog.
+ Thomas Schäfer, CEO of the Volkswagen Group’s core VW division, reportedly warned in a staff meeting that “we are no longer competitive as the Volkswagen brand,” More at Motor Authority.
+ Veteran Canadian automotive journalist Norris McDonald of the Toronto Star, who was inducted into the Canadian Motorsport Hall of Fame in 2013, has passed away at 81. More at Racer.
+ The United Auto Workers union is launching an unprecedented campaign to organize workers at Tesla and 12 other non-union automakers in the United States. More at CNBC.
+ Hosts Jeremy Clarkson, Richard Hammond, and James May have taped the final episodes of their Amazon Prime series The Grand Tour, which will air sometime in 2024. More at The Drive.
+ CEO Mary Barra said she is “disappointed” in GM’s failure to ramp up production of EVs and by the high-profile accidents and incidents involving subsidiary Cruise’s robotaxis. More at Autoweek.
+ In a ceremony at Tesla’s gigafactory in Austin, Texas. the EV maker delivered its first Cybertrucks, which will be available in three models priced from $60,990 to $99,990. More at Car and Driver.
+ Toyota is selling a part of its stake in Japanese parts supplier Denso to raise cash for its drive to develop electric vehicles and other innovations, the company reported. More at The Detroit News.
+ NASCAR has negotiated a new broadcast and streaming rights agreement with NBC, Fox Sports, Amazon Prime, and TNT Sports that begins in 2025 and runs for seven seasons. More at CBS. .
Photo courtesy of Tesla, Inc.
Review the previous MCG Executive Briefing from November 27 here.
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The Cybertruck is certainly strange looking, but for the target audience that is no doubt part of the appeal.
Sure, the hot ticket for keeping up with the Jones crowd who don’t need a real truck.
I have a Cybertruck on order. I look forward to camping, fishing, a little off-roading, and towing a small boat trailer.