This 1929 Bugatti T46 Cabriolet is expected to bring up to $1.2 million at the Broad Arrow Amelia Island sale. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

 +   Vietnamese EV maker VinFast reports that it delivered nearly 35,000 cars in 2023, falling short of its target of 40,000 units, but a 35 percent increase over the previous quarter. More at Reuters. 

 +   The Southfield, Michigan-based U.S. Advanced Battery Consortium has won a $60 million federal grant to research and develop batteries manufactured with domestic materials. More at The Detroit News. 

+   Ford unveiled the F-150 Lightning Switchgear test truck, a battery-electric equivalent of the F-150 Raptor with full offroad capabilities, but there are no plans yet for production. More at Autoblog. 

+   Mercedes Formula 1 technical director James Allison has committed his future to the team, signing a long-term contract extension that will keep him on the job through 2026. More at Autosport.com. 

+   BMW has passed the tipping point for internal-combustion vehicle sales and now generates most sales growth from electric cars, reports chief financial officer Walter Mertl. More at World Auto Forum.

+   At the Tokyo Auto Salon, Mazda President Katsuhiro Mogo suggested that the reponse to the Iconic-SP rotary sports car was strong enough that development will proceed. More at Motor Trend. 

+   The world-renowned Mullin Automotive Museum in Oxnard, California, a specialist in French cars of the 1930s, announced it will close its doors permanently on February 10. More at Autoweek. 

+   Stellantis has released specifications and photos of the 2025 Jeep Wagoneer S electric SUV and has confirmed that it will go on sale this fall, though pricing was not disclosed. More at Motor Authority. 

+   The Front Row Motorsports NASCAR Cup team is switching its technical partnership from RFK Racing to Team Penske, Cup champions for Ford the past two years in a row. More at Motorsports Wire. 

+   The Broad Arrow Auctions Amelia Island sale on on March 1-2 will feature the Gregorie Neck collection of 16 exceptional pre-war classics to be sold at no reserve. More at Old Cars.  

Photo courtesy of Broad Arrow Auctions. 

Review the previous MCG Executive Briefing from January 15 here. 

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