MCG Executive Briefing for July 15, 2022

As expected, the 2022 Pininfarina Battista electric hypercar is now in production, boasting 1900 hp and a price of $1.99 million. Get all the latest auto industry news in the Executive Briefing. 

 

Today’s Headlines: 

+   General Motors and Pilot Company are partnering to build a network of 2,000 fast electric vehicle chargers at 500 Pilot and Flying J travel center locations in the United States. More at CNBC.

 According to the weekly financial magazine Barron’s, automobile loan repossessions are on the increase, mainly on new vehicles that were purchased in 2020 and 2021. More at Autoblog. 

+   Ford and South Korean battery maker SK On and a subsidiary are putting together a joint venture for building and operating battery production facilities in the United States. More at Reuters. 

+   Both Chip Ganassi Racing and Arrow Mclaren claim to have a signed contract with IndyCar driver Alex Palou for 2023, but he will remain in his seat at Ganassi for now.  More at IndyStar. 

 Troubled electric truck maker Lordstown Motors has reshuffled its top management team once again, with president Edward Hightower promoted to chief executive officer. More at Cleveland.com. 

 The Apple+ streaming service is backing the production of a dramatic television series with producer Steven Knight that will based on the life of carmaker Enzo Ferrari. More at Motor Authority.

+  According to Horacio Pagani, Italian supercar maker Pagani will abandon its plans to produce high-end electric sports cars and continue to manufacture its V12 gasoline models. More at Autocar. 

+  Hyundai unveiled its IONIQ 6 electric sedan, which shares its platform with the IONIQ 5 crossover and is unofficially rated at 376 miles in range with an optional larger battery pack. More at Electrek. 

+  The much-anticipated Pininfarina Battista electric hypercar is now in production, boasting 1900 hp, a list price of $1.99 million, and a 0-60 time of less than two seconds. More at Car and Driver. 

+  Belgian network RTBF Sport suspended Lionel Froissart, its French-language Formula 1 commentator, after he allegedly called driver Lance Stroll “the autistic.” More at Motorsport Week. 

Photo courtesy of Pininfarina. 

Review the previous Executive Briefing from July 11 here.