Posche is increasing the prices of its 911 models by $8000 or more for 2026. Get all the latest automotive news in the Executive Briefing.
Today’s headlines:
+ President Donald Trump’s 25 percent import tariffs starting April 2 could affect close to half of U.S. vehicle sales, resulting in higher prices and reduced sales and production. More at The Detroit News.
+ Hakan Samuelsson, who served as CEO at Volvo from 2012 to 2022, will replace Jim Rowan in the post for a two-year term as the automaker seeks a permanent successor. More at The Economic Times.
+ After posting weak financial and production figures for 2024, Audi expects 2025 to be a “difficult financial year,” citing a challenging and uncertain business environment. More at Autoweek.
+ Veteran Scott Dixon and current champion Alex Palou of the Chip Ganassi Racing team led an eight-car IndyCar Series test on the Indianapolis Motor Speedway road course. More at Racer.
+ The state of Virginia is working on legislation that would give judges the authority to order the installation of speed-limiting devices on vehicles owned by repeat traffic offenders. More at Motor Trend.
+ President Donald Trump has pardoned Nikola founder Trevor Milton, who was.convicted in 2022 for defrauding investors with false claims about the company’s electric trucks. More at CNBC.
+ Ferrari announced price increases of up to 10 percent on some models, including the Purosangue and 12Cilindri, in response to new U.S. import tariffs set to take effect. More at CBT News.
+ Porsche has released its pricing for the 2026 911 lineup with the cost of the entry-level Carrera model rising by nearly $8000, while the Carrera GTS coupe is now $172,050. More at Car and Driver.
+ Tesla sold 17,000 cars in Europe in February versus 28,000 in the same month in 2024, a 42 percent decline, even as the sales of electric vehicles overall grew 23.7 percent. More at World Auto Forum.
+ Two-time Formula 1 champion Fernando Alonso, who raced in the series in the V10 era, says he opposes a return to the engine formula, viewing it as a step backward. More at Motorsport.com.
Photo courtesy of Porsche.
Review the previous MCG Executive Briefing from March 28 here.
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I hate being a Debby Downer but the Indy road course ain’t doing it for me, right left right left right left clockwise with zero elevation changes like a parking lot autocross. I prefer natural terrain like Laguna Seca, Mid-Ohio and Monaco…
I agree. It was a good idea originally in order to bring Formula One to the USA but it wasn’t a great course and could have been abandoned after they left. The problem is that Indycar can’t sign up to race anywhere else and the gaps in the schedule are too long. They need a Mexico race and one in the Northeast.
It works financially for the series and for the Speedway, and for the teams as most are based in Indy. Travel is a major expense.