Sales of the Chevrolet Camaro jumped 110 percent as General Motors prepares to end production in January. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors posted a 19 percent increase in U.S. sales in the second quarter over the same period last year, along with a 9 percent increase to 526,000 vehicles in China. More at The Detroit News.
+ Ford reported sales of 531,632 vehicles in the second quarter, an increase of nearly 10 percent driven by a 26 percent rise in truck sales, while EV sales slipped by 2.8 percent. More at CNBC.
+ At Stellantis, U.S. sales rose 6 percent to 434,648 vehicles in the second quarter, pushed by strong sales of the Jeep Wranger and Jeep Grand Cherokee 4xe hybrids. More at the Detroit Free Press.
+ The 2024 Formula 1 schedule will feature a record 24 events over a 10-month span, which series officials say is the maxium number feasible for its racing teams and personnel. More at the Guardian.
+ Chinese battery maker CATL reports it has developed new materials for lithium-ion batteries that would sharply improve EV charging efficiency, especially in extreme cold. More at Reuters.
+ Peter Horbury, the British-born Ford, Volvo, Chrysler, Geely, and Group Lotus designer who is most remembered for his reinvention of the Volvo look, has passed away at 73. More at Hemmings.
+ European automakers are joining the herd of U.S. manufacturers that are adopting Tesla’s North American Charging Sytem (NACS) connector, led by Volvo and Polestar. More at Autoweek.
+ Ford is raising prices on its hot-selling Maverick compact pickup for 2024, with the XL Hybrid getting a $2,305 boost and the Lariat Hybrid getting a $5,780 jump to $35,730. More at Autoblog.
+ New Zealander Shane Can Gisbergen, suddenly a hot property in NASCAR after his dominating street course win in Chicago, says he is committed to Australian Supercars in 2024. More at Speed Sport.
+ Sales of the Chevrolet Camaro spiked 110 percent to 9,557 cars in the second quarter as General Motors prepares to end production of the sixth-generation ponycar in January.. More at The Drive.
Photo courtesy of Chevrolet.
Review the previous MCG Executive Briefing from July 3 here.
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