This 1940 Ford pickup was judged the World’s Most Beautiful Truck at the inaugural Grand National Truck Show. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ A Reuters/Ipsos poll found that Americans broadly support the current strikes by autoworkers and Hollywood writers, with 58 percent of those surveyed backing the autoworkers. More at Reuters.
+ Ford is pushing back against British Prime Minister Rishi Sunak’s call to delay the nation’s ban on production of internal combustion vehicles by 2030, saying it’s too late to turn back now. More at The Drive.
+ Volvo confirmed that it will cease production of all diesel-powered passeger ehicles by early 2024 as the automaker is committed to shifting entirely to electric vehicles by 2030. More at Car and Driver.
+ Honda Performance Development, the California-based racing arm of American Honda, will change its name to Honda Racing Corporation US to align with Honda’s international unit. More at Racer.
+ According to a new study by iSeeCars, price increases of 50 percent or more on one and two-year old vehicles are forcing buyers into purchasing older cars than previously. More at Autoblog.
+ Hyundai president Jose Munoz says the company is rushing to start EV and battery production at its $7.6 billion complex in coastal Georgia in response to federal EV incentives. More at The Detroit News.
+ Vietnamese carmaker VinFast plans to ship its first EVs to Europe this year after receiving regulatory approval, while the European Union considers imposing tariffs on its Chinese rivals. More at MSN.
+ At the inaugural Grand National Truck Show at the Pomona, California Fairplex, a customized 1940 Ford pickup owned by Greg Tidwell was named the World’s Most Beautiful Truck. More at Old Cars.
+ Analysts say diesel fuel prices could rise to more than $5 per gallon over the winter, which could push a greater number of commercial freight carriers out of the industry. More at Commercial Carrier Journal.
+ Trackhouse Racing has signed Zane Smith to drive a NASCAR Cup car in 2024 with Spire Motorsports, which has purchased a team charter from Live Fast Motorsport. More at NBC Sports.
Photo courtesy of O’Reilly Auto Parts Grand National Truck Show.
Review the previous MCG Executive Briefing from September 18 here.
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I’m not surprised by current used car prices. Hopefully there will be a return to some kind of sanity.