MCG Executive Briefing for September 13, 2024

This 1969 Corvette Stingray 427/435 will be among the star offerings at the Broad Arrow Chattanooga sale. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

 Jeep and Ram dealers are pressing Stellantis and CEO Carlos Tavares to take more aggressive measures to reverse steep market share losses for the brands in the USA. More at CBT News. 

+   General Motors and Hyundai have signed a nonbinding memorandum of understanding to explore collaboration on product development and supply chain issues. More at Reuters. 

 Ted Cannis, CEO of the Ford Motor Company’s Ford Pro commercial truck division and head of customer service, will retire on October 1 after 35 years at the automaker. More at The Detroit News. 

+   Superstar Formula 1 designer Adrian Newey, creator of championship-winning cars for Williams and McLaren, has joined the Aston Martin team as technical director and part owner. More at Racer. 

+   Stories continue to circulate that heavy equipment maker Caterpillar is constructing components for the development of a pickup truck, which company insiders partly confirm. More at The Drive. 

 Lucid Motors is teasing info and images of a new mid-size electric SUV that could be called the Earth, featuring a 335-hp motor, availability in late 2025, and a price under $50,000. More at Autoblog. 

 Due to the 100 percent tariff on vehicles produced in China, the new Lotus Eletre Carbon electric SUV will be priced at $229,000 when it arrives in the USA next year. More at Autoweek. 

Offerings at the Broad Arrow Auctions Chattannooga sale will include a selection of six exceptional 1969-71 Corvette Stingrays with 427 and 454 cubic-inch big-block power. More at Old Cars.  

 Hendrick Motorsports and Arrow McLaren jointly announced that Kyle Larson will once again attempt “the double” in 2025 and race in both the Indy 500 and Coca-Cola 600. More at AP News. 

 Japanese Tesla supplier Panasonic Energy has finalized preparations for the volume production of high-capacity 4680 battery cells at a renovated plant in Wakayama. More at World Auto Forum. 

Photo courtesy of Broad Arrow Auctions. 

Review the previous MCG Executive Briefing from September 9 here. 

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