This Hemi Orange 1969 Dodge Charger Daytona, said to be in pristine original condition, will be offered at the Mecum Indy sale. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Chinese automaker BYD will consider building a second plant in Europe in 2025 to assemble low-priced electric vehicles, European managing director Michael Shu announced. More at Reuters.
+ Toyota doubled its net profit to $31.9 billion in the fiscal year that ended in March, as strong sales and a favorable exchange rate lifted results for Japan’s top automaker. More at The Detroit News.
+ Executives at General Motors believe it can regain market share in China after it fell to 8.6 percent last year, a 20-year low, according to company president Mark Reuss. More at CNBC.
+ Daytona 500 winner Michael McDowell will leave Front Row Motorsports at the end of the season, accepting a multi-year contract to drive a NASCAR Cup car for Spire Motorsports. More at The Athletic.
+ Bentley is replacing its twin-turbo 6.0-liter W12 engine, which made 739 hp in its ultimate state of tune, with a plug-in hybrid V8 package that delivers greater total output. More at Autoblog.
+ The Securities and Exchange Commission is investigating whether Tesla committed securities or wire fraud by deceiving investors and customers about its self-driving capabilities. More at CBT News.
+ Chevrolet will end production of the Malibu, the only sedan in its current lineup, in November to make room at its Fairfax, Kansas plant for Chevy Bolt EV production. More at Car and Driver.
+ A 1969 Dodge Charger Daytona in Hemi Orange with a four-speed manual transmission, reportedly in pristine original condition, will be offered at the Mecum Indy sale. More at Motor Authority.
+ Hyundai’s and Kia’s U.S. financing arm will pay to settle charges it illegally repossessed vehicles belonging to member of the military, the U.S. Justice Dept. announced. More at World Auto Forum.
+ Arrow McLaren has signed French rookie Theo Pourchaire as the full-time driver of its No. 6 Chevrolet, except for the Indianapolis 500, where Callum Ilott is expected to drive. More at Racer.
Photo courtesy of Mecum Auctions.
Review the previous MCG Executive Briefing from May 6 here.
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Keep dreaming GM. China is only keeping you around to copy your products.
When they get enough from you, they’ll kick you out of the country or just make their domestic prices so cheap you can’t compete with them. Then they’ll take those nice new facilities and use them for their own products.