MCG Executive Briefing for January 31, 2022

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Judges at the 37th Paris Festival Automobile International have awarded the “Grand Prize: Most Beautiful Supercar 2022” to the Ferrari Daytona SP3. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

+   Toyota reported a 10.1 percent sales increase last year, making it the world’s biggest carmaker for a second straight year and widening the gap over chief rival Volkswagen. More at Reuters. 

+  Blue Advantage, Ford’s new national website for used car sales, will add 14-day home test drives in an effort to compete with Carvanna, Vroom, and other outlets. More at Car and Driver. 

+   Air sampling performed by state and federal regulators around the new Jeep plant in Detroit identified no immediate health concerns, but the facility’s neighbors remain concerned. More at The Detroit News. 

+   Helio Castroneves, who won the 2021 Indy 500 driving for Meyer Shank Racing, has now led the team to a victory in the Rolex 24 Hours of Daytona this past weekend. More at Racer. 

+   Automobile production in the United Kingdom declined 6.7 percent to around 860,000 vehicles in 2021, but electric vehicles accounted for 26.1 percent of the total. More at CNBC. 

+   Judges at the 37th Paris Festival Automobile International have awarded the “Grand Prize: Most Beautiful Supercar 2022” to the limited-production Ferrari Daytona SP3. More at ClassicCars.com Journal. 

+   The Nissan Micra subcompact hatchback, which is currently sold in the Canada segment of the North American market but not in the USA, will be replaced by an all-electric. More at Autoweek. 

 +   John Wiley, the manager of valuation analytics for collector cars at Hagerty Insurance, predicts that a Japanese classic car will sell for $2 million or more in 2022. More at The Drive. 

+   Volkswagen’s Cariad software subsidiary will partner with global electronics supplier Bosch to develop a Level 2 hands-free driving system to compete with Ford and GM. More at Motor Trend. 

+   Formula 1 could have a new race director in 2022 to replace Michael Masi following the controversial Abu Dhabi Grand Prix, says Peter Bayer, the FIA’s head of single-seaters. More at BBC Sport. 

Photo courtesy of Ferrari. 

Review the previous Executive Briefing from January 28 here.