MCG Executive Briefing for October 25, 2024

Dodge plans to test solid-state batteries in the Charger Daytona EV by 2026. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

+   According to the U.S. Geological Survey, a vast deposit of lithium that could be the largest in the world lies in the Smackover Formation deep under the state of Arkansas. More at USA Today.  

+   In a statement, Stellantis fired back at the Michigan congressional delegation and others who are questioning the automaker’s plans for its Belvidere, Illinios assembly plant. More at the Detroit Free Press. 

 Tesla surprised Wall Street analysts with a stronger than expected third-quarter financial report with $25.2 billion in total revenue and nearly 463,000 vehicles produced. More at CBT News. 

 Bob Riley, who designed Coyote Indy cars for AJ Foyt, the front-engine Mustang GTP IMSA prototype, and many successful Riley & Scott race cars, has passed away at 93. More at Racer. 

+   In a podcast interview, Ford CEO Jim Farley offered high praise for the Xiaomi SU7 electric sedan from China he’s been driving for six months and said, “I don’t want to give it up.” More at The Drive. 

 General Motors is shutting down its cold-weather testing facility, the Kapuskasing Proving Grounds in Northeastern Ontario, which has been in operation since 1973. More at The Detroit News. 

 The Haas Moto Museum of classic motorcycles will host a grand opening of its new location in North Dallas, Texas on November 9-10 with 230 vintage bikes on display. More at Old Cars. 

 A demonstration fleet of Dodge Charger Daytona electric sedans will be equipped with solid-state battery cells by 2026 to test the new technology, Stellantis announced. More at Car and Driver. 

 General Motors surpassed Wall Street’s expectations in the third quarter due to  resilient consumer demand for its trucks and SUVs, sending its stock price up 8 percent. More at World Auto Forum. 

+   After 53 years, NASCAR has reversed its decision denying Bobby Allison’s Grand National win at Bowman Gray Stadium in a Grand American car, granting him 85 career victories. More at Autoweek. 

Photo courtesy of Stellantis. 

Review the previous MCG Executive Briefing from October 21 here. 

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