MCG Executive Briefing for June 7, 2024

Large SUVs are not as safe in a crash as their size may suggest, according to the Insurance Institute for Highway Safety. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

 Chinese electric vehicle maker Nio announced it expects deliveries in the second quarter to more than double, and revenue to nearly double as well to around $2.3 billion. More at Reuters.  

+   An eight-car crash on Interstate 285 in Atlanta was reportedly triggered by several vehicles racing on their way to a cars-and-coffee event in nearby Kennesaw, Georgia. More at The Drive. 

+   EV maker Rivian unveiled the R1T pickup and R1S SUV for 2025 with exterior styling much as before, but with numerous improvements in the interior, software, and electronics. More at Motor Trend. 

+   Six-time Grand Prix winner Sergio Perez of Mexico has signed a two-year contract extension to remain benind the wheel of a Red Bull Formula 1 car until the end of 2026. More at BBC Sport. 

+   A Georgia conservation group intends to sue two U.S. government agencies, saying they failed to properly assess the environmental impacts of a new Hyundai plant neariu Savannah. More at The Detroit News.

 A new study by Western University in Ontario, Canada seems to indicate that people who like loud car exhausts also tested higher for psychotic and sadistic tendencies. More at Car and Driver. 

 The very first 250 GT SWB California Spider and a 1960 Ferrari 400 Superamerica Cabriolet will be among the featured consignments at the RM Sotheby’s Monterey auction. More at Old Cars. 

 According to the Insurance Institute for Highway Safety, large SUVs are not as safe in a crash as their size may suggest, especially in the protection of rear seat passengers. More at Autoblog. 

+   Toyota announced that it plans to invest another $282 million in its Huntsville, Alabama plant to add new production lines, which it expects to generate around 350 new jobs. More at World Auto Forum.

+   Rufus Parnell “Parnelli” Jones, winner of the 1963 Indianapolis 500, the Baja 1000 in 1971 and 1972, and the 1970 SCCA Trans-Am championship, has passed away at age 90. More at The New York Times. 

Image courtesy of the Insurance Institute for Highway Safety.

Review the previous MCG Executive Briefing from June 3 here. 

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One thought on “MCG Executive Briefing for June 7, 2024

  1. Say what they will, I’ll continue to drive my full sized SUV and pickup. These type tests are usually predetermined by the ransom the automaker will pay out. Look at the one from several years ago of a 59 Chevy and a newer Chevy. The new Chevy fared extremely well, where the 59 was destroyed. What else would you expect to happen when they test a total bondo and rust bucket against something new?

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