After an 80-year product run, Lincoln is dropping the Continental after 2020 to concentrate on crossovers and SUVs. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Each of the Detroit Thee automakers posted sales declines of more than 30 percent for the second quarter of 2020 as COVID-19 shutdowns paralyzed the new car market. More at The Detroit News.
+ After an 80-year production run in numerous guises, Ford’s Lincoln Motor Company division is retiring the Continental name to concentrate on crossovers and SUVs. More at Motor Trend.
+ Shares in Tesla Inc. shot up as the electric automaker delivered more than 90,000 vehicles in the second quarter, soundly exceeding analysts’ expectations. More at CNBC.
+ The Mercedes Formula 1 team has unveiled a new black livery for the 2020 season as part of a campaign to oppose racism in the world motorsports community. More at Motorsport.com.
+ Fiat Chrysler Automobiles confirmed that Dodge will discontinue the Grand Caravan and Journey after model year 2020, leaving the brand without a minivan or a crossover. More at Autoblog.
+ According to a report in the German daily Der Tagesspiegel, the nation’s new car registrations plunged 40 percent in June, setting the stage for the worst year since 1989. More at Reuters.
+ As it celebrates its corporate centennial this year, Mazda will offer a 100th Anniversary Special Edition MX-5 Miata for the North American market. More at Classic Cars.com Journal. .
+ Already delayed once, the annual Hemmings Motor News Great Race, a time-speed-distance event for vintage cars, has been postponed until 2021. More at Hemmings Daily.
+ Dodge is readying three new models for 2021 with more than 700 horsepower each: Challenger SRT Super Stock, Charger Hellcat Redeye, and Dodge Durango Hellcat. More at Autoweek.
+ NASCAR is among the sports and entertainment interests lobbying congress for legislation to enable business interruption insurance for protection in the COVID-19 era. More at Jayski.
Review the previous Executive Briefing from June 29 here.
Photo courtesy of Ford Motor Company.
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