The Rimac Nevera electric hypercar claimed 23 performance records in a single day, including a quarter-mile in 8.25 seconds. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Gill Pratt, chief executive of the Toyota Research Institute, says the world lacks sufficient resources for the auto industry to convert to electric vehicle production exclusively. More at Reuters.
+ Hyundai Motor and Kia Corporation agreed to a consumer class-action lawsuit settlement worth $200 million over rampant thefts of the Korean carmakers’ vehicles. More at U.S. News & World Report.
+ The Chrysler unit of Stellantis has scrapped its existing design for a battery-electric crossover and the Airflow name as well and has started over in a new direction with a fresh model name. More at Autoblog.
+ In response to deadly flooding in the region that forced the evacuation of thousands, Formula 1 officials cancelled this this weekend’s Emilia-Romagna Grand Prix in northern Italy. More at AP News.
+ At Tesla’s annual shareholder meeting, CEO Elon Musk said the Cybertruck will enter production this year and that the automaker may try some advertising for the first time. More at CNBC.
+ The AACA Museum in Hershey, Pennsylvania will host a 75th anniversary celebration for the Tucker 48 on June16-18 with eight original Tucker automobiles and distinguished guests. More at Old Cars.
+ The U.S. verstion of the Volkswagen ID.Buzz battery-electric minibus will debut on June 2 with a standard third-row seat, but it won’t actually appear in showrooms until 2024. More at Motor Authority.
+ The Rimac Nevera, a Croatia-built electric hypercar with four motors producing 1,813 hp, has claimed 23 performance records including a quarter-mile time of 8.25 seconds. More at Car and Driver.
+ Automakers would be required to continue to include AM radio in their vehicles under a new bipartisan, bicameral bill introduced in Congress, with public safety cited as the concern. More at The Verge.
+ Chip Ganassi Racing will send its IMSA-spec Cadillac prototype to Le Mans to replace its WEC Cadillac severely damaged in a crash at Spa, converting it to Le Mans configuration. More at Sportscar365.
Photo courtesy of Rimac.
Review the previous MCG Executive Briefing from May 15 here.
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