Fields Auto Works of Ohio will offer the Scioto mid-engine track car starting in May with a list price of $115,000. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ A jury in San Francisco took only two hours to find Tesla CEO Elon Musk and his company not liable in regard to tweets he made about potentially taking the company private. More at Reuters.
+ BMW will invest $872 million in its San Luis Potosí, Mexico, plant to manufacture electric vehicles and to construct a facility to produce high-voltage EV battery packs. More at The Detroit News.
+ A Porsche dealer in Yinchuan, China accidentally listed a new Porsche Panamera at $18,000 instead of its usual local price of $148,000, triggering a stampede of deposits. More at Autoblog.
+ Auto Club Speedway in Fontana, California, east of Los Angeles, will not host a NASCAR Cup event in 2024 as plans are made to convert the venue into a short track. More at NBC Sports.
+ Nissan says it will introduce a production electric vehicle in 2028 with a solid-state battery, potentially increasing range, decreasing charging time, and reducing the fire hazard. More at Car and Driver.
+ Chrysler products, both vintage and recent, were hot sellers at the 2023 Barrett-Jackson Scottsdale auction, led by a 1970 Plymouth Superbird that brought $605,000. More at Classic Car Journal.
+ Auto loan delinquencies are rising in the USA, as the share of borrowers who are 60 or more days behind in their payments was 26.7 percent higher in December than in the same month last year. More at CNBC.
+ Fields Auto Works of Columbus, Ohio has added a second vehicle to its lineup of track day cars with the Scioto, a mid-engine GT priced at $115,000 minus powerplant. More at Autoblog.
+ Ford CEO Jim Farley and his executive management team will take a cut in bonus pay, he told employees following the release of the disappointing 2022 earnings report. More at the Detroit Free Press.
+ IndyCar president Jay Frye announced that starting this year, double points will no longer be awarded to the winner of the Indianapolis 500, reversing a policy that began in 2014. More at Motorsport.com.
Photo courtesy of Fields Auto Works.
Review the previous MCG Executive Briefing from February 3 here.
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