Cadillac has provided a first look at the 2025 Optiq, a smaller, more affordable electric SUV. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Cruise CEO and co-founder Kyle Vogt has resigned from the autonomous vehicle venture owned by General Motors, following incidents questioning the safety of the firm’s robotaxis. More at CNBC.
+ According to David Meniane, CEO of CarParts.com, new car prices will continue to decline through 2024 as global car production is expected to exceed sales by 6 percent. More at Autoblog.
+ A federal judge dismissed an antitrust lawsuit accusing Tesla of forcing customers to pay high prices for repairs by monopolizing vehicle maintenance and replacement parts sales. More at Reuters. .
+ United Auto Workers members at Ford and Stellantis have now joined GM workers in ratifying their new labor agreements with the automakers, concluding the recent labor disputes. More at CNN Business.
+ Ferrari Formula 1 boss Fred Vasseur says he will seek compensation from Las Vegas Grand Prix management over damage to Carlos Sainz’s car due to a loose access cover on the circuit. More at Motorsport.com.
+ Two electric locomotives from Innovative Rail Technologies will work the US Steel yards near Pittsburgh funded by $4.5 million from Volkswagen’s dieselgate settlement. More at Autoweek.
+ With the Chevrolet Camaro to be discontinued in 2024, the General Motors Performance Build Center (PBC) has assembled the last supercharged LT4 engine. More at Motor Trend.
+ A California woman and her attorneys have asked the U.S. Supreme Court to hear their argument that honking a car horn is free speech protected by the first amendment. More at The Drive.
+ Cadillac has provided a first look at the 2025 Optiq, a smaller and more affordable electric SUV that will presumably share components with the Chevy Blazer and Equinox EVs. More at Car and Driver.
+ Electric truck maker Nikola announced that chief financial officer Anastasiya Pasterick would resign to “pursue other opportunities” less than a year after joining the company. More at World Auto Forum.
+ NASCAR driver Chase Elliott announced via X that he underwent a medical procedure on his right shoulder and he expects to be fully healed by Daytona in February. More at NBC Sports.
Photo courtesy of General Motors.
Review the previous MCG Executive Briefing from November 17 here.
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