With a new investor, TVR plans to finally produce the Griffith V8 sports car. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Hyundai Motor announced it will invest $86.47 billion in South Korea from 2026 to 2030 after the Korean government finalized a trade deal reducing U.S. import tariffs. More at Reuters.
+ YouTuber Cody Detwiler of the WhistlinDiesel channel was arrested for state tax evasion involving a Ferrari F8 that he crashed in a corn field, causing it to burn to the ground. More at Autoblog.
+ Nissan CEO Ivan Espinosa confirmed that Honda and Nissan are once again in discussions to jointly develop vehicles and powertrains for the North American market. More at Motor Illustrated.
+ IndyCar veteran Colton Herta, competing in Formula 2 next season, says he is prepared to race in the Indy 500 next May in Marco Andretti’s former Andretti Global entry. More at Sportskeeda.
+ BYD Auto announced that its advanced driver-assistance system, branded as “God’s Eye” and comparable to Tesla FSD, has now been installed in two million vehicles in China. More at CarNewsChina.
+ Japan’s top automobile industry union group has no plans to scale back its wage demands in labor talks next year despite a heavy drag on the sector’s earnings from U.S. tariffs. More at ET Auto.
+ Stellantis is recalling nearly 113,000 Jeep Wrangler 4xe and Grand Cherokee 4xe models due to casting sand in their cylinder blocks, but the fix is yet to be announced. More at The Drive.
+ Swedish EV maker Polestar will conduct a one-for-thirty reverse split of its American depository shares to lift the share price above one dollar and avoid NASDAQ delisting. More at World Auto Forum.
+ With a new investor, Charge Holdings, storied British sports car maker TVR plans to produce the Griffith sports car with Ford V8 power and may follow with an electric version. More at Car and Driver.
+ RFK Racing co-owner and driver Brad Keselowski says he would like to take the team back into IMSA competition to race the new Ford LMDh prototype in the GTP class. More at Jayski.
Photo courtesy of TVR.
Review the previous MCG Executive Briefing from November 14 here.
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This latest 4x4e Jeep recall (with no solution in place) follows right the heels of a big battery fire recall. NHTSA and Stellantis warns casting sand left in engine blocks (how many? all of ’em!) can either result in a fire or “unexpected and unrecoverable loss of propulsion.”
Last year, Kanerica Inc. claimed there will be more than 181 zettabytes of data generated and stored in “the cloud” by 2025. To put it into perspective, the number is 181, followed by 21 zeros. Pehaps half of all companies now use Big Data Cloud, and the majority of large and small businesses are focusing on Big Data tech implementation.
Question to any modern day automotive engineers reading this, if a software patch can prevent a battery fire, could bad actors also use a software patch to cause a battery fire?
Betcha’ anti-virus (Windows 10 Defender?) subscription services are already available at your friendly dealer (or coming soon) for new and used self drivers, EVs, hybrids & ICVs…
Casting sand in cylinder blocks?
And not doing anything about it until 113,000 units are in the hands of customers?
This sounds like something that happens in an industry’s infancy, not something that happens after manufacturers have been building something for over 125 years.
According to gooogle, Stellantis has not abandoned its ISO certifications, it had replaced the old Stellantis Customer-Specific Requirements (CSRs) for its suppliers with a new consolidated document, outlining Stellantis’s updated CSRs to use with the IATF 16949 standard, which is suppose to be the global automotive industry’s quality management system “standard”.
Yes indeedy do not believe your lying eyes, quality is more than just lip service at Chrysler (except in Kokomo, Indiana)…