Toyota unveiled the U.S. versions of the 2023 Prius hybrid and Prius Prime plug-in hydrid, which go on sale next year. Get all the latest automotive news in the Executive Briefing.
Today’s headlines:
+ General Motors expects its electric vehicles to make money in 2025 with federal subsidies plugging the profitability gap between EVs and ICEs, says CEO Mary Barra. More at Reuters.
+ Construction is under way at Ford’s massive new BlueOval City EV plant 40 miles northeast of Memphis, Tennessee, which is scheduled to begin production in 2025. More at The Drive.
+ Comedian and car collector Jay Leno suffered serious burns when a gasoline fire erupted on a vintage steam car, but he is expected to make a full recovery, his surgeon said. More at Autoweek.
+ Nico Hulkenberg, who last drove in Formula 1 full-time in 2019, will replace Mick Schumacher at Haas next year, leaving the son of Michael Schumacher without a ride. More at ESPN.
+ Renault may transfer more than half its stake in Nissan to a trust to match the Japanese car maker’s holdings in itself, reducing its share to 15 percent, Nikkei reported. More at World Auto Forum.
+ Fiat announced that its legacy-styled 500 minicar will return to the North American market after a four-year absence, but only in a 500e electric version with 150-mile range. More at Car and Driver.
+ According to economists at the University of Michigan, a mild recession may be on the way in 2023 but the automotive sector could insulate the state from its worst effects. More at The Detroit News.
+ At the Los Angeles Auto Show, Hyundai revealed the U.S.-market version of its 2023 Ioniq 6 electric sedan and the final specs to go with it, including three drivetrain options. More at Autoblog.
+ Toyota has unveiled the U.S. versions of the fifth-generation 2023 Prius hybrid and Prius Prime plug-in hybrid, which offer a total of 220 horsepower and go on sale next year. More at Engadget.
+ After a six-year run, production of the second-generation Acura NSX V6 hybrid supercar came to an end at the Performance Manufacturing Center in Marysville, Ohio. More at Motor Authority.
+ IndyCar powerhouse Chip Ganassi Racing has confirmed the appointment of Taylor Kiel as team manager following his departure from the McLaren SP IndyCar operation. More at Speedcafe.com.
Photo courtesy of Toyota.
Review the previous MCG Executive Briefing from November 14 here.
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-at last a styling to make the Prius not only more attractive but less weird looking. I like the earlier batches fine. I like this one much more
Dear Fiat,
No more.
Thanks
No one has explained the utility of an EV for American use, outside of inner-city occasional duty.
If it were left to the market demands, and not a political agenda, would EV be a “thing” today?