MCG Executive Briefing for October 5, 2020

The Taycan, Porsche’s first electric sports sedan, outsold the 911, 718, and Panamera in the USA in the third quarter. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines:

+   Tesla reported that it produced 139,300 vehicles in the past three months, an increase of 76 percent over the previous fiscal quarter, but still short of its original annual goal. More at The Drive. 

 Another person has been killed by an exploding Takata air bag inflator, this time in the crash of a 2002 Honda Civic, bringing the worldwide death toll to at least 26. More at The Detroit News. 

+   Electric vehicle maker Polestar, owned by Volvo Cars and its parent, Chinese automaker Geely, is recalling all its new Polestar 2 cars due to a software defect. More at Reuters. 

+   Renault has indicated that it is willing to supply engines to the Red Bull Racing and AlphaTauri teams after Honda departs from Formula 1 as scheduled at the end of 2021. More at Motorsport.com. 

 The release of the ninth edition in the Fast and Furious movie franchise has been pushed back once again to May 2021, due to delays related to the COVID-19 outbreak. More at CNET Roadshow.

 Porsche reports that the Taycan, the German automaker’s first electric sports sedan, outsold the 911, 718, and the Panamera luxury sedan in the USA in the third quarter. More at Car and Driver.

 Dodge Challenger SRT Demon owners have filed a class-action lawsuit against Fiat Chrysler, alleging that an ill-fitting piece of the car’s hood scoop is damaging the finish. More at Road & Track. 

 Just two weeks after filing suit against Coca Cola for abandoning its sponsor agreement, the National Hot Rod has landed a new title sponsor, RV retailer Camping World. More at Autoweek. 

+   Tesla will acquire ATW Automation, a German assembler of battery modules for the auto industry that was recently on the brink of liquidation due to a slump in sales. More at Autoblog. 

 Consignments to the Bonhams Golden Age of Motoring Sale on October 30 include a 1929 Bugatti Type 40 Tourer and a steam-powered 1932 Fowler road locomotive. More at Sports Car Digest. 

 The NTT IndyCar Series will delay the introduction of its new hybrid engine formula, featuring 2.4-liter twin-turbo V6 engines, kinetic recovery systems, and a total of 900 hp, until 2023. More at Racer. 

Photo courtesy of Porsche. 

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