Oscar Meyer is now recruiting the next class of drivers to pilot its famed Weinermobiles around the country. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ NASCAR has reached a surprise settlement in the antitrust suit brought by 23XI Racing and Front Row Motorsports that provides permanent charters for participating Cup teams. More at ESPN.
+ Two heirs of the billionaire Peugeot dynasty, Robert and Xavier Peugeot, are vying for a board seat at Stellantis as the family’s century-long influence in the industry wanes. More at The Detroit News.
+ A group of major automakers including General Motors, Ford, and Toyota warned Congress this week that China poses a “clear and present threat” to the U.S. auto industry. More at Yahoo! News.
+ RIvian unveiled its Universal Hands-Free (UHF) driver-assist system, which can operate on 3.1 million miles of road in North America and will be available next month. More at The Drive.
+ Renault will jointly develop small EVs and commercial vans with Ford for the European market to cut costs and fend off rising competition from Chinese carmakers. More at World Auto Forum.
+ Genesis is recalling certain G90 sedans with Savile Silver paint, which can produce reflections that cause the radar to malfunction and trigger braking without warning. More at MSN News.
+ The Dealertrack Credit Availability index reached reached 99.1 in November with access to credit improving, as approval rates rose 1.6 percent and subprime lending declined. More at CBT News.
+ Oscar Mayer is accepting applications now through January 31 for its 2026 class of 12 Wienermobile drivers to pilot the celebrated promotional vehicles around the country. More at Car and Driver.
+ Michigan-based LaFontaine Automotive Group, a dealership chain, has agreed to pay $1.5 million to settle allegations that it fraudulently accepted COVID-19 PPP loans. More at the Detroit Free Press.
+ Penske Entertainment will establish a new independent officiating board (IOB) for the IndyCar and Indy NXT series in 2026 and is now searching for a managing director. More at Racer.
Photo courtesy of Mecum Auctions.
Review the previous MCG Executive Briefing from December 9 here.
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The one that concerns me the most is the one where Ford and Renault are going to work together. Every US domestic manufacturer that has done this has gone down. Their demise became inevitable. So sad, hope Ford does not collapse because of this, last purely owned domestic manufacturer of internal combustion engine automobiles. GM is partly owned by the CCP is my understanding.