This 1936 Bugatti T57 was among the top sellers at the Bonhams | Cars Paris sale. Get all the latest automotive news in the Executive Briefing.
+ Japanese automakers Honda and Nissan have officially called off their proposed $60 billion merger, which would have created the fourth-largest auto manufacturer in the world. More at BBC News.
+ A new car would cost about $5,790 more if President Trump’s plans for 25 percent tariffs on Mexico and Canada go into effect, according to an analysis from Benchmark. More at CNBC.
+ Electric truck maker Rivian is now offering its Commercial Van, as seen in use by Amazon in the thousands, to individual business customers in multiple configurations. More at Autoweek.
+ Three weeks before the start of the IndyCar season, Penske Entertainment has replaced series president Jay Frye with Indianapolis Motor Speedway president Doug Boles. More at Racer.
+ In San Antonio, Texas, Toyota is investing $6.5 million in local education to strengthen STEM (Science, Technology, Engineering, Math) learning and workforce development. More at CBT News.
+ Kia will show off three new electric models on February 27, including the PV5 van and a production version of the EV4 sedan that was shown in concept form in 2023. More at Car and Driver.
+ Dodge CEO Matt McAlear said, “there’s a market for an entry-level halo” two-seat sports car as well as “a top-of-the-line halo” sports car similar to the original Dodge Viper. More at The Drive.
+ Tesla’s name was removed from a $400 million proposal to purchase armored electric vehicles for the U.S. State Department when a furor arose over conflict of interest. More at The Detroit News.
+ The Bonhams | Cars Paris sale reported $18.8 million in sales and a 91 percent sell-through rate, led by a 1950 Ferrari 166 MM Barchetta by Touring that brought $2.9 million. More at Old Cars.
+ Representatives of the Democratic Republic of Congo have called on Formula 1 not to pursue the sanctioning a Rwanda Grand Prix due to a long-running conflict in the region. More at Motorsport.com.
Photo courtesy of Bonhams | Cars.
Review the previous MCG Executive Briefing from February 10 here.
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25% tariffs will paralyze the North American auto industry.
Yes, that’s a bad deal. I’d like to see manufacturing move back to the USA but in the interim this will hurt Detroit and help BMW, Mercedes, Honda, Toyota and every other foreign manufacturer that has plants in the USA. I have to assume that there will be an exemption for automobiles in the Canada/Mexico tariffs. Starting at 0% and going up each year.