A New exhibit at the Studebaker National Museum includes Amelia Earhart’s 1937 Cord 812. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Despite tariffs, stringent regulations, and fierce opposition, there’s a growing possibility that Chinese EVs will be sold in the U.S. in the next few years, analysts say. More at CNBC.
+ According to the Manheim Index, wholesale used-vehicle prices rose for the fifth straight month in May, with EVs posting the strongest gains as gas prices remain elevated. More at CBT News.
+ Andrew Frick, head of the units that manage all of Ford’s passenger car business, says discontinuing sedans in 2019 was the right move but doesn’t rule out their return. More at The Drive.
+ Formula 1 veteran Fernando Alonso had harsh words once again for the current hybrid vehicle formula, saying, “Hybrid cars should not be racing. It’s as simple as that.” More at Autosport.
+ Volkswagen Group of America CEO Kjell Gruner says that with production moving to Puebla, Mexico, the base model VW Golf Hatchback could return to the U.S. market. More at Car and Driver.
+ Toyota has reached a confidential settlement in a case involving a Tacoma pickup with the Smart Key feature whose owner died of carbon monoxide poisoning in his garage. More at Autoblog.
+ Global e-commerce giant Amazon announced that it plans to double its electric delivery van fleet to 100,000 vehicles across worldwide operations by the end of 2030. More at World Auto Forum.
+ General Motors is recalling a small number of Chevrolet Express and GMC Savana vans to correct a defect in the steering column that may cause Park to fail to engage. More at Motor Illustrated.
+ A new exhibit called Five Driven Women running now through July 12 at the Studebaker National Museum in South Bend, Indiana includes Amelia Earhart’s 1937 Cord 812. More at Old Cars.
+ Indy 500 winner and 2012 IndyCar champion Ryan Hunter-Reay has signed with Arrow McLaren IndyCar team as sporting director under team principal Tony Kanaan. More at Racer.
Photo courtesy of the JBS Collection.
Review the previous MCG Executive Briefing from June 5 here.
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