EV maker Lucid Motors is adding more Gravity SUV models and a new assembly line. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Hyundai Motor has concluded a deal to sell its two Russian plants, making the South Korean firm the latest global automaker to exit Russia since the Ukraine conflict began. More at Reuters.
+ Lincoln says it eliminated a record 100 U.S. dealerships last year, and it could shed around that many this year to bring its footprint closer in line with other premium brands. More at The Detroit News.
+ The labor union that represents Toyota workers in Japan is set to demand its largest annual bonus on record, equal to 7.6 months in wages compared to 6.7 months last year. More at World Auto Forum.
+ Drivers Filipe Nasr, Dane Cameron, Matt Campbell, and Indianapolis 500 winner Josef Newgarden won the Rolex 24 Hours of Daytona for Porsche and team owner Roger Penske. More at ESPN.
+ An investigation by a third-party firm determined that poor management and ineptitude contributed to safety issues at Cruise, General Motors’ autonomous vehicle unit. More at CNBC.
+ Volkswagen senior management resports that the next Tiguan SUV scheduled to arrive in 2026 will be battery-electric, and it could be based on the Tayron EV now sold in China. More at Motor Illustrated.
+ Jeremy Clarkson, co-host of The Grand Tour, says that at 63 he is too “unfit and fat and old” to continue with the television program, which has two episodes left to be aired. More at The Drive.
+ With an EPA combined 39 mpg, the Mitsubishi Mirage is currently the most fuel-efficient non-hybrid car sold in the USA, followed by the Honda Civic and Hyundai Elantra. More at Autoblog.
+ EV maker Lucid Motors will introduce more Gravity SUV models, has added a new assembly line at its Arizona plant, and is working on a 2026 product to compete with the Tesla 3 and Y. More at Autoweek.
+ The online betting firm BetOnline currently lists defending NASCAR Cup champion Ryan Blaney, Kyle Larson, and William Byron as the favorites to win this year’s title. More at Jayski.
Photo courtesy of Lucid Motors.
Review the previous MCG Executive Briefing from January 26 here.
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