The Captain America Harley chopper ridden by Peter Fonda in the film Easy Rider will be offered at auction in Los Angeles. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Mercedes-Benz has postponed its 2030 electrification goal by five years and assured investors it will continue to update its internal combustion-powered vehicles. More at Reuters.
+ General Motors has issued a stop-sale order for its Chevrolet Colorado and GMC Canyon pickups to correct a software problem, echoing a similar order for the Blazer EV. More at Autoblog.
+ Stellantis is prepared to build Leapmotor EVs for the China market at its European and North American facilities if market conditions dictate, according to CEO Carlos Tavares. More at Car and Driver.
+ Driver Josef Newgarden’s aggressive move down into the pit lane exiting turn 4 to protect his lead in the 2023 Indianapolis 500 has been banned by the IndyCar series. More at Racer.
+ Ford is cutting prices on its Mustang Mach-E by up to $8,100 and offering zero percent interest to spur demand for the slow-selling electric SUV and compete with Tesla. More at the Detroit Free Press.
+ The United Auto Workers union has committed to spend $40 million over the next two years to organize workers in non-union auto plants in the USA, including EV makers. More at CBT News.
+ EV maker Rivian Automotive revealed plans to reduce its its salaried workforce by 10 percent and has lowered its production targets to well below Wall Street expectations. More at The Detroit News.
+ Japan’s transport ministry is preparing action against Toyota Industries, a Toyota unit that is the world’s largest producer of forklift trucks, for cheating on engine emissions tests. More at World Auto Forum.
+ The Captain America-themed Harley-Davidson Panhead chopper ridden by Peter Fonda in the 1969 film Easy Rider will be offered at auction in Los Angeles on March 14. More at Old Cars.
+ Around 6 million viewers tuned into the Fox TV broadcast of the Daytona 500, a 27 percent decrease from last year due to a rain delay that pushed the race to Monday afternoon. More at Sports Business Journal.
Photo courtesy of Proptstore.
Review the previous MCG Executive Briefing from February 19 here.
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