Sales of the Ram pickup have tumbled 24 percent through the third quarter of 2024. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Rumours of a merger between Stellantis and Renault are “pure speculation” according to Stellantis CEO Carlos Tavares, speaking at a company event in Eastern France. More at Reuters.
+ Comexposium announced that the Paris Salon Rétromobile will partner with the duPont Registry Group to stage a Rétromobile event in North America starting in 2025. More at Old Cars.
+ General Motors will build its upcoming three-row Cadillac SUV, the Vistiq, at its Spring Hill, Tennessee, plant where the smaller Cadillac Lyriq electric SUV is produced. More at The Detroit News.
+ Front Row Motorsports and 23XI Racing have filed an antitrust suit in federal court against NASCAR, with the two teams represented by famed sports lawyer Jeffrey Kessler. More at AP News.
+ Pininfarina revealed that the one-of-one Battista Targamamerica electric hypercar with targa roof was commissioned by basketball legend and car collector Michael Jordan. More at Motor Authority.
+ Tesla’s global vehicle deliveries bounced back in the third quarter of 2024 to nearly 463,000 vehicles, alleviating concerns on Wall Street about the company’s growth trajectory. More at CBT News.
+ General Motors chair and CEO Mary Barra has been named Fortune magazine’s most powerful woman in business, the media company announced, calling her a “trailblazer.” More at the Detroit Free Press.
+ The biggest winners in the U.S. sales wars in 2024 include the Ford F-150 Lightning and Honda CR-V Hybrid, while the Ram pickup and Acura TRX are among the biggest losers. More at Car and Driver.
+ The criminal trial in Germany of former Volkswagen Chief Executive Martin Winterkorn in the company’s dieselgate scandal has been suspended due to his poor health. More at World Auto Forum.
+ Renault has confirmed that its power unit facility will cease operations at the end of the current formula in 2026 as the Alpine Formula 1 team becomes a customer entry. More at Racer.
Photo courtesy of Stellantis.
Review the previous MCG Executive Briefing from September 30 here.
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