MCG Executive Briefing for November 3, 2023

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The electric 2024 Dodge Charger will offer up to 885 hp and all-wheel drive, sources say. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

+   Following their successful contract negotiations with the Detroit three, United Auto Workers leaders may next seek to organize non-union carmakers, including Toyota and Tesla. More at Reuters. 

+  Sales at American Honda rose 32.6 percent in October over the same month last year, which the automaker attributes to larger inventories and resolved supply chain issues. More at CBT News. 

+   Ford has acquired Los Angeles-based Auto Motive Power (AMP), a supplier of hardware and software for EV charging and battery and energy management, for an undisclosed price. More at Electrek. 

+   Folloring a lackluster season at Andretti Autosport, IndyCar driver Romain Grosjean will move to Juncos Hollinger Racing in 2024, where he will be teamed with Agunstin Canapino. More at Autoweek. 

+   Dodge and Direct Connection will market the supercharged 6.2-liter V-8 with 1,025 hp from the Challenger Demon 170 as a Hellephant crate engine with a list price of $27,695. More at Yahoo! News. 

+   Toyota is recalling 1.9 million RAV4 SUVs from 2013 through 2018 to correct a battery mounting defect that could cause the battery to become unmoored and create a fire. More at Car and Driver.

+   At the SEMA Show in Las Vegas, Ford rolled out the Mustang FP800S Concept to showcase a new 800-hp supercharger kit and other performance parts for the S650 Mustang. More at Autoweek. 

+   Ferrari has again boosted its annual revenue guidance to $6.3 billion after posting a 46 percent increase in sales for the third quarter, citing greater demand for special-order vehicles. More at  CNBC.  

+   Inside sources say the battery-electric 2024 Dodge Charger will offer a choice of three powertrains with 402 hp, 670 hp, and 885 hp, the latter two with all-wheel drive. More at The Drive. 

+   Red Bull Formula 1 team principal Christian Horner says the organization has not yet experienced the  “full impact” of penalities for violating the series’ 2021 cost cap rules. More at Motorsport.com. 

Photo courtesy of Stellantis. 

Review the previous MCG Executive Briefing from October 30 here.

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