This 1964 Jaguar D-Type works racer is headed to auction at Amelia Island. Get all the latest automotive news in the Executive Briefing.
+ General Motors’ earnings exceeded Wall Street’s forecasts, but the share price fell on fears that tariffs that will make it difficult for the automaker to hit its 2025 targets. More at World Auto Forum.
+ Nissan is offering buyouts to workers and cutting back shifts at three U.S. factories as the automaker pushes to slash $2.6 billion in costs globally, the company announced. More at MSN.
+ According to the German business newspaper Handelsblatt, Volkswagen could adapt its Chattanooga plant for Porsche and Audi production to avoid looming tariffs. More at The Drive.
+ Former NASCAR Cup champion Jimmie Johnson is now the majority owner of Legacy Motor Club after the team added a minority stakeholder, Knighthead Capital Management. More at NBC Sports.
+ Electic truck maker Rivian is pushing forward with plans for hands-free driving in 2025 and a fully “eyes-off” self-driving system in 2026, according to CEO RJ Scaringe. More at Autoblog.
+ Earnings and revenue at Tesla for the fourth quarter came in below analysts’ estimates, while net income dropped 71 percent from the same period a year earlier to $2.32 billion. More at CNBC.
+ Ford has unveiled two new crate engines, a 5.0-liter V8 with a 3.0-liter Whipple supercharger and 810 hp, and the 7.3-liter Megazilla for off-road use with 1000+ hp. More at Car and Driver.
+ Honda and Acura are recalling nearly 295,000 vehicles to correct a software defect that could cause engine stalling or power loss and to repair rearview camera displays. More at CBT News.
+ A 1954 Jaguar D-Type Works Competition Car with an extensive four-year race history will be among the featured attractions at the Broad Arrow Auctions Amelia Island sale. More at Old Cars.
+ Ex-Formula 1 driver David Coulthard has warned Ferrari that Lewis Hamilton‘s recent driving form has been “pretty worrying” as he prepares for his first season with the team. More at Motorsport Week.
Photo courtesy of Broad Arrow Auctions.
Review the previous MCG Executive Briefing from January 27 here.
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