With 3000+ hp, BYD’s Yangwang U9 Extreme hit 312 mph on a public road in Abu Dhabi. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Toyota Motor North America has named Mark Templin, its current executive vice president and chief operating officer, as its new president and CEO, effective Jan. 1. More at Wards Auto.
+ Daimler Truck reported a 73 percent jump in its third-quarter profit, but the share price fell on weaker orders and concerns over 2027 margin growth in North America. More at Reuters.
+ After years of disappointing sales, the controversial Tesla Cybertruck has been discontinued, reportedly to make room for Cybercab production at the Texas Gigafactory. More at InsideEVs.
+ Driving a Chevrolet for Hendrick Motorsports, Kyle Larson secured his third NASCAR Cup championship and second consecutive title in the season finale at Homestead. More at ESPN.
+ A Corvette ZR1X with a sticker price of $296,445 was marked up to $700,000 by George Nunnally Chevrolet in Bentonville, Arkansas with a “Hypercar Demand Premium.” More at The Drive.
+ CATL, the world’s largest EV battery maker, is reportedly exploring lithium-air cell technology with energy density that could enable range of up to 1,243 miles in a typical EV. More at Autoblog.
+ Sonic Automotive is putting its biggest marketing push ever behind EchoPark, its used-vehicle retail brand, planning to spend an additional $5 million to $7 million in the fourth quarter. More at CBT News.
+ Honda will invest $602.2 million by 2030 to expand the capacity of its motorcycle plant in Brazil, increasing production from 1.9 million to 2.3 million motorcycles per year. More at World Auto Forum.
+ With four electric motors and a total of 3000+ hp, BYD’s U9 Xtreme hypercar reached 312 mph on a public highway in Abu Dhabi, netting two Guinness world records. More at Car and Driver.
+ Six-time grand prix winner Ralf Schumacher has savaged Colton Herta’s Formula 1 aspirations, saying the American IndyCar driver is just “burning fuel” to make the series. More at Planet F1.
Photo courtesy of Yangwang.
Review the previous MCG Executive Briefing from November 6here.
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Those “demand premiums” are why I never bought a Honda and almost didn’t buy a Miata. Automakers could sell many more cars if they were able to put an end to the practice. We might also have more cars that were discontinued or never produced because “those kinds of cars just don’t sell”.
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