MCG Executive Briefing for December 2, 2022

General Motors confirmed that it will introduce an electric four-door and a crossover in 2025 under the Corvette name. Get all the latest automotive news in the Executive Briefing.

 

Today’s headlines:

+   In a multimedia event at the Tesla gigafactory in Nevada, CEO Elon Musk announced the first deliveries of the Tesla Semi, which boasts a range of 500 miles and an 82,000-lb capacity. More at Engadget. 

 In response to a report by short-seller Fuzzy Panda Research, EV maker Fisker said it does not have a bank guarantee with its Austrian manufacturing partner Magna Steyr. More at Reuters. 

 French president Emmanuel Macron expressed sharp criticism of the recent U.S. legislation that he says unfairly subsidizes North American electric-vehicle production. More at The Detroit News.

+   After one year off, the Tremec six-speed manual transmission will once again be available in the Dodge Challenger SRT Hellcat along with the eight-speed automatic. More at Motor Trend. 

+   Following a season plagued by reliability problems and strategy blunders, Mattia Binotto has resigned from his position as Ferrari Formula 1 team principal effective December 31. More at Racer. 

+   Spy photographers have captured images of a partly camouflaged 2024 Mercedes-Benz E-class sedan, which is expected to be the carmaker’s last internal combustion E-class. More at Autoblog. 

+   Lordstown Motors has delivered the first small batch of electric Endurance pickups this week, with plans to complete several dozen more trucks by the end of the year. More at Autoweek. 

+   Honda announced it will develop technology enabling level 3 self-driving capability to function on highways at any speed below legal limits by the second half of this decade. More at World Auto Forum. 

+   General Motors announced that Corvette will become a Chevrolet subrand in 2025 and that the product line will include a four-door coupe and a crossover, both with electric power. More at Car and Driver. 

+   EV startup Canoo has delivered a specially prepared version of its Canoo electric pickup called the Canoo Light Tactical Vehicle (LTV) for evaulation by the U.S. Arny. More at Motor Authority. 

+   NASCAR Cup veteran Kevin Harvick, 47, whose current contract with Stewart-Haas Racing runs to the end of 2023, says he will decide whether to retire by February at Daytona. More at NBC Sports. 

Photo courtesy of General Motors. 

Review the previous MCG Executive Briefing from November 28 here. 

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