MCG Executive Briefing for November 19, 2021

This 1937 SS100 Jaguar roadster was among the top sellers at the Silverstone Auctions NEC Classic sale, bringing nearly $380,000. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines:

+   Ford plans to double its production capacity of electric vehicles to 600,000 units annually by 2023, making the company second only to Tesla in U.S. EV production. More at CNBC. 

+   Daimler will produce the first in-house electric motor at its oldest plant in Berlin, providing relief to workers fearing that the diesel engine facility would be shut down. More at Reuters. 

 Dodge is rolling out Jailbreak editions of its Charger and Challenger Hellcat Redeye Widebody models with special colors and trim and a bump in output to 807 hp. More at Motor Authority. 

 The National Hot Rod Association has announced its national event schedule for 2022 with 22 races for the Top Fuel and Funny Car classes and 18 dates for Pro Stock. More at Racer.  

+   In a visit to the newly renovated General Motors Factory Zero electric vehicle plant near Detroit, President Joe Biden pledged more support for auto manufacturing in the USA. More at The Detroit News. 

+   In the latest American Customer Satisfaction Index, the Honda, Hyundai, and Ram brands took the three top spots while Jeep, Mitsubishi, and Chrysler ranked at the bottom. More at Autoblog. 

 Vietnamese automaker VinFast plans to enter the North American market with two Pininfarina-styled electric SUVs, the compact VF e35 and the intermediate VF e36. More at Car and Driver. 

+   Porsche GT Cars Director Andreas Preuninger confirmed that the Porsche 718 will remain gasoline powered until 2024, with an electric replacement slated for 2025. More at The Drive. 

+   The 10th annual Silverstone Auctions sale at the NEC Classic Motor Show reported more than $12.4 million in total sales with a sell-through rate of 83 percent. More at Sports Car Digest. 

+   The 23XI NASCAR Cup team co-owned by Denny Hamlin and NBA legend Michael Jordan has purchased a team charter from StarCom Racing, which will close down . More at Jayski. 

Photo courtesy and copyright of Silverstone Auctions. 

Review the previous Executive Briefing from November 15 here.