With a live-streamed internet event, Ford has unveiled its revised F-150 pickup for 2021. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Intesa Sanpaolo, Italy’s largest bank, will provide a $7.1 billion loan to Fiat Chrysler Automobiles, with the Italian government guaranteeing 80 percent of the amount. More at Today’s Motor Vehicles.
+ In J.D. Power’s annual Initial Quality Study for 2020, half the top 10 brands in the rankings came from American carmakers, with Dodge and Kia tied for the top spot. More at AutoGuide.com.
+ Ford has unveiled the latest version of the F-150 pickup with an uprated interior, a range of five drivetrains including a hybrid, and availability later this year. More at Car and Driver.
+ An FBI investigation concluded that a noose found in the team’s garage at Talladega was left there previously and not intended for NASCAR driver Bubba Wallace. More at ESPN.
+ Analysts at Edmunds are forecasting that new car sales could tumble as much as 34 percent in June as buyer incentives expire and dealer inventories continue to dry up. More at The Drive.
+ In advance of the official introduction on August 6, General Motors is teasing a video of the Cadillac Lyric luxury crossover, the brand’s first all-electric production vehicle. More at Autoblog.
+ Harley-Davidson Inc. announced it will cut about 140 jobs in the United States following the motorcycle maker’s decision to adjust its production volume downward. More at Reuters.
+ The Mecum Auctions Gone Farmin’ sale in Davenport, Iowa, Mecum’s first live event since the COVID-19 pandemic arrived, produced $5 million in sales and a 95 percent sell-through rate. More at Classic Cars.com Journal.
+ General Motors announced it will lay off 680 workers at its Tennessee assembly plant and eliminate the facility’s third shift, citing the economic impact of COVID-19. More at the Detroit Free Press.
+ Formula 1 CEO and chairman Chase Carey has personally contributed $1 million to a new foundation created to provide more diversity and opportunity in the racing community. More at Racer.
Review the previous Executive Briefing from June 22 here.
Photo courtesy of Ford Motor Company.
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Please don’t refer to that rope at Talledega as a “noose”. Such sloppy reporting furthers the false narrative of this hoax. This was one of several ropes on several doors of Talledega garages tied so as the end of the rope was a handle for pulling the door down.
The facts are here:
https://theconservativetreehouse.com/2020/06/23/fake-noose-the-nascar-bubba-wallace-rope-noose-was-a-purposeful-hoax/
I’m disappointed that you didn’t vet that before posting it.
I am familiar with the Talladega garages having covered many events there. Of the 50+ garage doors there, only one was tied off with a hangman’s knot. The RPM team did the right thing in reporting it. NASCAR did the right thing in investigating it. and the right thing in transparently reporting the findings. I’m glad it turned out well but there are a number of butthurt fans. Oh well. I am satisfied with my choice of words
“My Conservative Tree House” is not “reporting.” It’s an ultra-right wing freak show that specializes in conspiracy theories.
Right on, Mr. Earl! As soon as I saw the source for that poster’s comments, I thought the same thing as you. People go to the ultimate lengths to find sources that reflect whatever right-wing beliefs they already hold. Not saying that doesn’t happen with people on the left to some extent, but the right wing conspiracy theories are so incredibly prolific these days.
Apologies to Mr. McGuire if my comment is contributing to the thread getting off track. These damned conspiracy theories get my blood boiling!