Ford Mustang owners drive their cars barely 2,000 miles per year, a new study found. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ A U.S. bankruptcy judge is allowing bankrupt auto parts maker First Brands, which owns Fram, Raybestos, Trico, and other suppliers, to move ahead with a liquidation plan. More at Reuters.
+ China’s State Administration for Market Regulation and Ministry of Industry and Information Technology (MIIT) jointly warned the nation’s automakers to stop their price war. More at Automotive World.
+ The U.S. new-vehicle market tightened in May as retail sales accelerated while inventory levels remained steady at 2.89 million vehicles, according to Cox Automotive. More at CBT News.
+ Dennis Reinbold, Indiana car dealership owner and co-founder of the Dreyer & Reinbold IndyCar team, has passed away at 65 after a prolonged battle with cancer. More at Racer.
+ While the advanced driver-assistance systems on modern cars provide many safety benefits, they bring higher repair costs and insurance premiums, according to JD Power. More at Car and Driver.
+ Ford is recalling more 255,000 Focus models from 2012 through 2018 to correct a malfunctioning canister purge valve that can cause the engine to stall while in motion. More at WDBO.
+ Nissan President Ivan Espinosa says that by embracing methods learned from China, the automaker has halved its vehicle development time from 55 to 26 months. More at Car News China.
+ Rivian Founder and CEO RJ Scaringe says there’s a big market for a small battery-electric pickup truck, but there are no plans for a pickup version of the R2 SUV as yet. More at The Drive.
+ A new survey from iSeeCars.com discovered that Ford Mustang owners drive their cars only 2.092 miles a year on average, while Corvette owners travel 4,394 miles per year. More at Autoblog.
+ Seven-time world champion Lewis Hamilton took his first Formula 1 victory for Ferrari and his first win since 2024 with a commanding drive in the Barcelona-Catalunya Grand Prix. More at ESPN.
Photo courtesy of Mecum Auctions.
Review the previous MCG Executive Briefing from June 12 here.
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