Chevrolet unveiled a new Bolt EV with improved range, a larger display screen, and a base price of $28,995. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ A fire at the Novelis aluminum plant in New York is expected to hamper Ford F-150 truck production for months and could cost the automaker up to $1 billion in earnings. More at Automotive Logistics.
+ General Motors has abandoned a controversial plan to extend the EV tax credit through a down-payment workaround, while Ford is reportedly dropping its plan as well. More at Auto Guide.
+ Canadian Prime Minister Mark Carney warned that President Trump’s tariff policy on Canadian and Mexican vehicles is disruptive to the North American auto supply chain. More at CBT News.
+ Former Haas Formula 1 team principal Guenther Steiner believes George Russell has leverage over Mercedes in their ongoing contract negotiations for a 2026 seat. More at Motorsport.com.
+ Ferrari unveiled the chassis for its first pure-electric vehicle due next year, the Elettrica, which will have four seats, four doors, and four motors, but the exterior was not revealed. More at Autoweek.
+ Dave Sparks, known as Heavy D of the Diesel Brothers, was found in contempt of court and jailed for failing to pay $844,000 in fees for tampering with diesel truck emissions. More at The Drive.
+ China’s EV boom has a dark side as new car dealerships are closing at record rates as production overcapacity, direct sales, and a price war have cut profits to the bone. More at Autoblog
+ Shares of Europe’s biggest carmakers traded lower in reaction to the European Union’s new steel import quota plan, which many fear will raise costs and reduce margins. More at CNBC.
+ The 2027 Chevy Bolt EV will hit the showrooms in the first quarter of 2026 with more range, faster charging, a larger infotainment screen, and a starting price of just $28,995. More at Car and Driver.
+ NASCAR Cup teams will be allowed to raise their engine outputs from 670 hp to 750 hp on all road courses and on oval tracks shorter than 1.5 miles beginning in 2026. More at NBC Sports.
Image courtesy of Chevrolet.
Review the previous MCG Executive Briefing from October 6 here.
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If Enzo were still alive, he would insist that an electric car be sold under a different badge than Ferrari.
Around 2015, big brother reinterpreted the Clean Air Act again to it’s illegal to convert street-legal vehicles into dedicated race cars by removing or disabling any emissions controls: another bureaucratic crack down on the sale of “defeat devices” that disable emissions controls on vehicles used on public roads.
Looks like a group of Utah doctors bought a diesel truck modified for off-road use from Diesel Brothers just to emission test it then lawfare a lawsuit, now Heavy D is in the clink…
The new Bolt looks a lot like the old one but from what’s been announced the tech is significantly different and substantially improved. At that it’s a “Limited Run” with plans for an all-new replacement already being cooked up. This is a new battery platform and the rumor is a new “car” platform on the way. I’d expect the plan for that would be to accommodate a PHEV or regular hybrid, something the Sonic-based existing Bolt can’t because the motor and a big chunk of the batteries are under the front hood where an IC engine would go.