MCG Executive Briefing for November 5, 2021

Volkswagen has shared another preview of its ID.Buzz electric microbus, which is scheduled to appear in U.S. showrooms in 2023. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines:

 Aided by a weaker yen, Japanese carmaker Toyota raised its profit outlook for the year but warned that the global semiconductor shortage still poses risks to production. More at Reuters. 

 According to data from Insure.com, the most expensive vehicles to insure in the USA include the Maserati Quattroporte and Ghibli S Gransports and the Tesla Plaid models. More at Autoblog. 

 Volkswagen has shared another preview of the ID.Buzz electric microbus, which is scheduled to appear in U.S. showrooms in calendar-year 2023 as a 2024 model. More at Car and Driver. 

+   NASCAR mega-team owner Rick Hendrick says his current driver lineup of Kyle Larson, Chase Elliott, Alex Bowman, and William Byron is “the best we’ve ever had.” More at Racer. 

 An employee at Ford’s Lima Engine Plant in Ohio was killed in an unspecified workplace accident, the automaker and the United Auto Workers have confirmed. More at The Detroit News. 

 Among the attractions at the 2021 SEMA Show in Las Vegas is the Chip Foose Experience, a career-spanning display of Foose-related cars in the North Gallery. More at Hemmings Daily. 

 A 2000 Chevy Metro Sedan, sporting its original three-cylinder, 55-horsepower engine and 402 miles showing on the odometer, sold for $18,200 on the Bring a Trailer website. More at The Drive. 

+   Laura Schwab, a former top female executive at Rivian, is accusing the electric vehicle start-up of firing her for raising concerns about the company having a “toxic bro culture.” More at CNBC. 

 The best-selling cars in the United Kingdom so far in 2021 include, in order, the Vauxhall Corsa, Volkswagen Golf, Volkswagen Polo, and the Mercedes A-Class. More at Auto Express.

+   Formula 1 championship rivals Lewis Hamilton and Max Verstappen have now both stated that they intend to race fair and clean for the remainder of the 2021 season. More at BBC Sport. 

Photo courtesy and copyright of Hemmings Daily. 

Review the previous Executive Briefing from November 1 here. 

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