Production has finally ended forever on the cut-rate Ram 1500 Classic. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Battery maker Northvolt of Sweden is attemping to sell off its inventories of raw manufacturing materials as the company takes steps to improve its financial position. More at Reuters.
+ General Motors’ third-quarter sales in China declined 21 percent from last year amid its reorganization there as the legacy automakers continue to lose ground against home brands. More at The Detroit News.
+ With a take rate of only 4 percent, Jeep has quietly removed the 5.7-liter, 357 hp V8 from the option list for the Grand Cherokee L, leaving the 293-hp V6 as the sole engine. More at Car and Driver.
+ A total of 48 entries have been confirmed for the full 2025 IMSA championship sports car season, including 11 full-time GTP entries and more than 60 cars for 24 Hours of Daytona. More at Racer.
+ Sales of U.S. automaker Tesla’s China-made electric vehicles, manufactured for sale in China and Europe, increased 19.2 percent in September from the same month last year. More at World Auto Forum.
+ Ramping up its effort to increase market share against its truck rivals, Ford is offering Ram owners a $2,000 discount on the purchase of a Lightning F-150 EV pickup. More at CBT News.
+ Honda is recalling 1.8 million Honda and Acura-branded vehicles from the 2022 through 2025 model years to correct an annealing defect in the steering gear assembly. More at Autoweek.
+ The Specialty Equipment Market Association (SEMA) and National Truck Equipment Association (NTEA) have suit against the state of California over electric truck mandates. More at Motor Authority.
+ As previously announced, the Ram 1500 Classic is officially discontinued, as production ended on October 4 when the last pickup rolled off the line at the Warren, Michigan plant. More at The Drive.
+ Front Row Motorsports and 23XI Racing have filed a motion for a temporary injunction allowing them to race as chartered teams through the 2025 NASCAR Cup season. More at Motorsport.com.
Photo courtesy of Stellantis.
Review the previous MCG Executive Briefing from October 7 here.
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