Porsche is killing the Panamera Sport Turismo due to lack of demand for station wagons. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Nissan announced it will invest $1.4 billion in its Sunderland plant in the United Kingdom to expand production for electric versions of the Qashqai and Juke crossovers. More at Reuters.
+ According to The National Insurance Crime Bureau, the most frequently stolen vehicles in the USA in 2022 included the Ford F-150, Chevrolet Silverado, and Honda Civic. More at Motor Trend.
+ Revenue at Zeekr Intelligent, the China-based EV maker owned by Geely Auto, nearly doubled in the first nine months of 2023, according to U.S. regulatory securities filings. More at World Auto Forum.
+ Red Bull driver Max Verstappen closed the most dominant season in Formula 1 history with a commanding win in the Abu Dhabi Grand Prix, his 19th victory in 22 races. More at BBC Sport.
+ The entry-level Fisker Ocean Sport EV has been rated at 288 miles of range under Europe’s WTLP procedure, although an availability date has not yet been announced. More at Autoblog.
+ The Jeep Wagoneer and Grand Wagoneer lose their V-8 engine options for 2024, leaving the Hurricane twin-turbo 3.0-liter inline six as the sole available powerplant. More at Motor Authority.
+ Tesla has added a one-dollar-per-minute congestion fee to customers at a select number of high-traffic Supercharger stations on vehicles charged beyond 90 percent capacity. More at Motor Illustrated
+ With the introduction of the 2024 Panamera, Porsche is discontinuing the Sport Turismo model due to lack of demand for station wagons in the critical U.S. and China markets. More at CarBuzz.
+ Trackhouse Racing, the NASCAR Cup team headed by Jason Marks and recording artist Pitbull, is reportedly in talks to take over the RNF Racing MotoGP operation. More at Essentially Sports.
+ Honda is recalling nearly 304,00 2023 and 2024 Accords and HR-Vs to correct a potential defect in the front seat belt pretensioners that could cause a malfunction. More at USA Today.
Photo courtesy of Porsche.
Review the previous MCG Executive Briefing from November 24 here.
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Fisker can design cars but it remains to be seen if it can produce them in volume.
History has shown how hard it is for independent companies to compete with the major automakers, few survive very long. Tesla might be considered an outlier because they got into the ev market sooner and stronger than the rest and everyone else is compared to them. Time will tell if even they can survive.