Stellantis has released photos of the production version of the 2024 Ram 1500 Rev electric pickup Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ According to Crain’s Detroit Business, Ford will announce the construction of a $3.5 billion battery plant in Marshall, Michigan in a partnership with Chinese battery giant CATL. More at The Drive.
+ Honda reported a 27 percent jump in its fourth-quarter profit to $33.5 billion as quarterly sales rose 20 percent globally despite declines in China and parts of Asia. More at The Detroit News.
+ Ford, which held a 11.4 percent stake in startup electric vehicle maker Rivian Automotive at the end of 2021, has now reduced its holding to just 1.15 percent. More at World Auto Forum.
+ Formula 1 CEO Stefano Domenicali clapped back at aspring F1 team owner Michael Andretti, saying that using the term “greedy” to describe current team owners was “not smart.” More at Racer.
+ Motor Trend magazine has compiled a list of all the manual-transmission cars still available in the USA, including the Cadillac Blackwings, Ford Mustang, and a number of Toyotas. More at Motor Trend.
+ BMW met its 2022 target for significantly higher pretax earnings than in the previous year, according to CFO Nicolas Peter speaking to the German magazine Focus Money. More at Reuters.
+ Notable presentations at the 2023 Chicago Auto Show included the 2024 Toyota Grand Highlander, 2024 Subaru Crosstrek, and the Jeep Rubicon 392 20th anniversary edition. More at Autoblog.
+ Stellantis has released photos of the production version of the 2024 Ram 1500 Rev electric pickup, which bears a closer resemblance to the current Ram than the concept predicted. More at Car and Driver.
+ British comedian and car enthusiast Rowan Atkinson, famous for playing the character Mr. Bean, is offering his 1993 Lancia a Delta HF Integrale Evo II at auction. More at Motor Authority.
+ Toyota Racing Development is pushing to expand its lineup in the NASCAR Cup Series, and president David Wilson says he is optimistic about adding new teams for 2024. More at Jayski.
Photo courtesy of Stellantis.
Review the previous MCG Executive Briefing from February 10 here.
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