General Motors has laid out a bold product strategy that includes the use of AI to cut development time in half. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors reported quarterly revenue of $50 billion, its largest in history, on the strength of its profitable pickups and solid growth in its OnStar and Super Cruise business. More at Autoweek.
+ Battery-electric vehicle registrations in Europe rose 70 percent in September, as high fuel prices, subsidies, and the availability of more affordable models led the growth. More at World Auto Forum.
+ According to Edmunds, nearly 30 percent of the trade-ins for new vehicles in the third quarter were underwater, meaning the negative equity was carried into the new loan. More at CBT News.
+ NASCAR issued a $50,000 fine to Cup Series driver Zane Smith after he rammed Carson Hocevar’s car during the post-race cool-down lap Sunday at Phoenix Raceway. More at AP News.
+ Tesla is aiming to start selling its Cybercab robotaxis to the public by the end of this year, despite a current federal requirement for manual driver controls on all vehicles. More at MSN News.
+ Stellantis subsidiary FCA US is recalling nearly 266,000 Ram vans over a potential loss of electric power steering assist due to water intrusion in the system wiring harness. More at Wards Auto.
+ Ford’s Mustang Mach-E electric crossover continues in 2027 with a standard long-range 88-kWh battery good for 320 miles, five trim levels, and a $39,995 starting price. More at Electrek.
+ Porsche has issued another recall with a “do not drive” warning for multiple 718 and 911 models equipped with centerlock wheels that could depart from the vehicle on the road. More at Autoblog.
+ General Motors has laid out a bold product strategy for the future that includes enhanced autonomous driving and the use of AI to cut vehicle development time in half. More at Car and Driver.
+ The Inception Racing sports car racing team will switch its IMSA GTD operation from Ferrari 296 GT3 race cars to Chevrolet and the Corvette Z06 GT3.R starting in 2027. More at Racer.
Photo courtesy of General Motors.
Review the previous MCG Executive Briefing from October 19 here.
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Lets have a pity party for gm, EU, NASCAR, Tesla, Stillantis, Ford, Porsche and all Americans-
cue the sad violins to back up sad trombones. 🎻📯
1… 2… 3… AHHHHHHHHHHHHHH!
Porsche wheels falling off again, eh? According to the 7 page NHTSA Part 573 Safety Recall Report 26V682, the defective components behind the urgent Porsche center-lock wheel ODI slice-and-dice double safety defect recall were manufactured by the German automotive supplier Hirschvogel, tracing these failures to a specific production run of wheel nuts with metallurgical screwups and manufacturing errors that allow fracturing under installation and normal loads.
Mopar power steering failures again and again and again you say?? The 5 page 265K gas, hybrid and battery Promaster Ram Van NHTSA 26V-621 electric power steering failure safety recall remedy forces dealers to replace a “defective” 4-pin harness on the steering rack with “jumper” connectors. The component manufacturer for the defective electric power steerings is Nexteer Automotive of course, the American loophole lawyer’s roadkill monopoly leftovers of gm’s Saginaw and Delphi.
When Wall Street raiders carved up gm’s historic parts empire during Hope & Change, they didn’t do it to build better steering systems or improve safety. They did it to extract cash from legacy real estate, raid pension funds, and turn lethal safety defects like sudden power steering failures into revenue events and financial transactions, shifting Nexteer ownership to a major Chinese state-backed aerospace conglomerate AVIC (Aviation Industry Corporation of China), the second largest Chinese defense contractor according to mr. internet. American loophole lawyering lawyers loopholegineered this setup beautifully and elegantly using law school jargon and vision hacking with complete immunity: a local fleet manager looks at the Stillantis Ram cargo van safety defect recall paperwork or his/her totalled Promaster and only sees Nexteer Automotive, Auburn Hills, Michigan, while all financial and strategic control actually trails right back to a sovereign military aerospace conglomerate in Beijing.
This retarded shit got going hard during the Cash for Clunker Political Selfishness era of American automotive history, USDOT loophole lawyering lawyers replaced engineering and safety with vision hacking, law school jargon monoxide and legal disclaimers with immunity at FHWA and NHTSA, essentially mandating Chinese military self-certification of American taxchattle civillian vehicle safety is good enough for government work…