The Lincoln Corsair topped this year’s list of most American-made cars, followed by the Tesla 3 and the Corvette. Get all the latest automotive news in the Executive Briefing.
Today’s headlines:
+ Citing strong demand, General Motors CEO Mary Barra expects U.S. new-vehicle sales to rebound next year to 15 million vehicles, up from an estimated 13.7 million in 2022. More at Reuters.
+ Approximately 65 percent of Ford’s dealers have signed on to sell electric vehicles as the company invests billions to expand EV production and sales, according to CEO Jim Farley. More at CNBC.
+ Hyundai Motor and South Korean battery maker SK On announced they will jointly invest $4 billion to $5 billion in a new electric-vehicle battery plant near Cartersville, Georgia. More at The Detroit News.
+ The United States Grand Prix at Circuit of the Americas in Texas has been selected to host one of the six 100 km Saturday sprint races on the Formula 1 calendar in 2023. More at Autoweek.
+ Chinese electric vehicle maker Nio will install battery swapping stations at 20 charging parks in Germany owned by utility EnBW and is planning for 120 stations in Europe. More at U.S. News and World Report.
+ General Motors plans to expand the Escalade and Camaro names into multiple-vehicle subbrands in a manner similar to the planned range of Corvette EV models. More at Car and Driver.
+ Signalling that the online collector-car auction market has reached maturity, sales at the leading auction site Bring A Trailer.com are on track to reach $1.3 billion in 2022. More at The Drive.
+ The U.S. Forest Service is testing three Ford F-50 Lightning electric pickups in a 12-month program at National Forests in Pennsylvania, Michigan, and New Hampshire. More at Motor Trend.
+ The Lincoln Corsair topped this year’s list of most American-made cars, followed by the Tesla 3 and the Corvette, in the American University Kogod Business School’s annual study. More at Autoblog.
+ The NTT IndyCar Series has abandoned its plans to introduce a hybrid 2.4-liter twin-turbo V6 engine formula in 2024 and will retain its current 2.2-liter Chevrolet and Honda engines. More at Racer.
Photo courtesy of Lincoln.
Review the previous MCG Executive Briefing from December 5 here.
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Wasn’t “Corsair” the name of the top model Edsel?
I’m curious to know what happens to the Ford dealers who don’t sign onto the EV program. I presume they will be allowed to sign on later. Or not?
So GM killed Pontiac, Oldsmobile, and Saturn because they had too many brands, now they are going to start three new ones, Corvette, Camaro, and Escalade? Even calling them subbrands, they are still being held up as stand alone brands. What are the GM folks smoking? This will kill the special place the Corvette has always held as the only American sports car, Camaro is already second to the Mustang and Challenger, can it drop to the bottom any sooner? And the Escalade may as well be the only Cadillac sold, they are about all you see anymore.
I don’t look for this to go well for GM.