Two of the five original 1963 Corvette Grand Sports will be featured at Corvettes at Carlisle. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Stellantis CEO Antonio Filosa warned that a major strategic overhaul will take time to bear fruit after the automaker reported weaker than expected second-quarter results. More at Reuters.
+ Promising major product launches over the next three years, Ford CEO Jim Farley disclosed more details on the new small pickup based on the Universal Electric Vehicle platform. More at Car and Driver.
+ Vehicle leasing has declined in the United States in recent years, from 30 percent of new vehicle transactions pre-COVID to 17 percent post-COVID and 23 percent currently. More at World Auto Forum.
+ Drivers Alex Palou and Alexander Rossi will pilot the new Dallara IR-28 IndyCar chassis for its first validation test at the Indianapolis Motor Speedway this weekend. More at Motorsport.com.
+ EV maker Rivian announced its second-quarter 2026 financials, reporting a 26 percent increase in year-over-year revenue and posting a record $179 million gross profit. More at Electrek.
+ Ram has announced pricing for the new Rumble Bee muscle truck, with the 5.7-liter Hemi V8 version with 395 hp listing at $62,790 and the 777-horsepower SRT at $97,790. More The Drive.
+ Despite the controversy surrounding it, the new Ferrari Luce EV has already hit its sales target for 2026 well ahead of schedule thanks largely to strong demand from China. More at Autoblog.
+ Amazon‘s Zoox unit has won U.S. approval for limited commercial deployment of its novel steering-wheel-free, driverless robotaxis, a first for the autonomous ride industry. More at CNBC.
+ Two of the five original 1963 Corvette Grand Sport factory-built race cars, chassis 001 and Chassis 004, will be featured at the Corvettes at Carlisle event on August 27-29. More at Old Cars.
+ American driver Ugo Ugochukwu, 19 years old, has attracted interest from a number of Formula 1 teams as he fights for this year’s Formula 3 championship, insiders report. More at Racer.
Photo courtesy of Carlisle Events.
Review the previous MCG Executive Briefing from July 27 here.
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