Jaguar says the 2024 F-Type ZP Edition is the last intenal-combusion sports car it will ever produce. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Kumar Galhotra, head of Ford’s combustion vehicle unit, says the automaker has “reached our limit” in negotiations with striking employees represented by the United Auto Workers. More at Reuters.
+ Toyota has formed an agreement to work with Idemitsu, a major Japanese oil company, on technology for the mass production of solid-state batteries for electric vehicles. More at AP.News.
+ Former Formula 1 boss Bernie Ecclestone, now 92, pleaded guilty to concealing more than $487 million from taxation and received a suspended two-year prison sentence. More at BBC News.
+ Spy photographers have captured images of two camouflaged Corvette ZR1 prototypes, one sporting a gigantic rear wing, in testing at the Nürburgring in Germany. More at Car and Driver.
+ Mercedes-Benz Trucks has unveiled a heavy-duty electric truck with 22 tons of cargo capacity and 311 miles of range that is scheduled to go on sale later this year. More at The Detroit News.
+ A 1981 DeLoean, in shabbly cosmetic condition but with only 977 miles showing on the odometer, has been recovered from a barn in Wisconsin where it was stored for 20 years. More at Autoblog.
+ Kia rolled out its EV3 and EV4 concepts, which are said to represent the Korean autoamker’s master plan for electric vehicles, though the powertrain details are yet to be revealed. More at Autoweek.
+ Jaguar unveiled what it calls the last internal-combustion sports car it will ever produce, the F-Type ZP Edition, which will be limited to 150 copies in historic racing liveries. More at Hemmings.
+ Following Tesla, pioneer in the use of gigacastings in automobile manufacturing, Ford and Hyundai have purchased gigapress machines from Idra of Italy, Tesla’s supplier. More at World Auto Forum.
+ Driving an Arrow McLaren Chevrolet, 2021 NASCAR Cup champion Kyle Larson made short work of his IndyCar rookie orientation test at Indianapolis, turning a best lap of 219.3 mph. More at Racer.
Photo courtesy of Jaguar.
Review the previous MCG Executive Briefing from October 9 here.
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What is Jaguar without Sport Cars. That is exactly what made the Jaguar Marque. My understanding is Jaguar is going full electric and also moving upscale to compete with Rolls and Bentley.Hey I’ve been associated with the car industry for more than 60 years in one form or another . I look at this as a big mistake .We will see how it all pans out in the future
I agree 100%. Most of those going full electric will be out of business in 5 years or less, those with a balance of electric and gas will still be around.
Jaguar has been a market dud with a gas engine for a long time. Jaguar definitely can’t afford a mixed lineup of gas and electric cars, and they can’t stay in business with just gas cars. So its all electric or oblivion right now.