MCG Executive Briefing for February 9, 2018

The inaugural Concours d’Elegance at Copshaholm in South Bend, Indiana will feature a spotlight category for 1956-1964 Studebaker Hawk models. Get all the latest auto industry news in the Executive Briefing. 

 

 

Today’s Headlines: 

 Volvo Cars, which posted a 7 percent sales gain in 2017, expects an expanded SUV lineup to help the automaker continue its growth, says CEO Hakan Samuelsson. More at Automotive News Europe. 

 In advance of the Chicago Auto Show, Ford introduced the 2019 Transit Connect Wagon, which will be marketed in both five-passenger and seven-passenger models. More at The Detroit News. 

 To celebrate 50 years in America, Subaru will offer 50th anniversary editions of all the models in its current lineup, featuring special badges and silver exterior trim. More at Motor Trend. 

 Austin Cindric, 19 year-old son of Penske Racing chief Tim Cindric, will drive in the NASCAR Xfinity series full-time in 2018 splitting his time between the Penske and Roush teams. More at Racer. 

 Tesla reported a quarterly loss of $675.4 million, its largest ever, as founder and CEO Elon Musk asserted the carmaker’s Model 3 production problems are being corrected. More at BBC News. 

+   Fiat Chrysler Automobiles has reshuffled several top management positions, with U.S. passenger car boss Tim Kuniskis becoming global chief of Maserati and Alfa Romeo. More at the Detroit Free Press. 

+   The Hyundai Kona electric crossover to be introduced at the Geneva Motor Show next month will reportedly have a range of 292 miles, as compared to 240 miles for the Chevy Bolt. More at Autoblog. 

 In Chicago, Toyota unveiled off-road-prepared versions of its Tundra, 4Runner and Tacoma equipped with special dampers and other gear from Toyota Racing Development. More at USA Today. 

+   The first Concours d’Elegance at Copshaholm, open to all makes, will be held adjacent to the Studebaker National Museum in South Bend, Indiana on August 11. More at Hemmings Daily. 

+   Sauber Formula 1 driver Marcus Ericsson says the team’s same-spec powerplants and closer ties with engine supplier Ferrari will represent a big step forward in 2018. More at Motorsport.com. 

Review the previous Executive Briefing from February 5 here. 

Photo by MCG for Mac’s Motor City Garage. 

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3 thoughts on “MCG Executive Briefing for February 9, 2018

  1. > To celebrate 50 years in America, Subaru…

    Are they going to mention that those first cars were so poorly received that Malcom Bricklin, the importer, was forced to turn them into a go-kart attraction?

  2. Hyundia Kona has a capacity for 292 miles. That is in perfect conditions and pleasant weather. Very cold day knock a third off at least.

    • And Musk has lost $675 million in the last quarter. Who is underwriting these massive losses? . The big 3 at their worst could not sustain that let alone year in year out.

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