The 2024 Honda Prologue EV will offer 288 hp, 300 miles of range, and a price in the upper $40,000 range when it arrives next year. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Swedish lithium-ion battery producer Northvolt announced it will build a $5.2 billion gigafactory in Quebec, the largest ever manufacturing investment in the Canadian province. More at Reuters.
+ Open for less than a week. City Motors of Philadelphia lost seven of the eleven cars in its inventory in a single robbery, although local police were since able to track down three vehicles. More at The Drive.
+ Stellantis has selected Antonio Filod, a Stellantis South America executive, to replace Christian Meunier as Jeep’s next chief executive officer effective November 1, the automaker announced. More at The Detroit News.
+ Rodin Cars revealed that its Formula 1 team entry bid was rejected by the FIA but believes that Michael Andretti’s application for Andretti Cadillac Racing has been approved. More at RacingNews365.
+ Korean carmakers Hyundai and Kia are recalling a total of 3.37 million vehicles from the 2010 through 2019 model years to correct two electrical defects that could produce fires. More at Autoweek.
+ The Equal Employment Opportunity Commission has sued Tesla for allegedly allowing widespread racist harassment of black employees and retaliating against workers who spoke out. More at CNBC.
+ Porsche will return the Cayenne SE-Hybrid to the lineup in early 2024, where it will be priced starting at $100,750 and be available in both coupe and SUV body styles. More at Car and Driver.
+ The republican chairs of three U.S. congressional committees have demanded that Ford turn over documents related to its partnership with Chinese battery company CATL. More at World Auto Forum.
+ Based on General Motors’ Ultium EV architecture, the Honda Prologue is due to arrive next year with 300 miles of range, 288 hp, and a starting price in the upper $40,000 range. More at Autoblog.
+ NASCAR Cup teams will return to the 2.5-mile oval at the Indianapolis Motor Speedway on July 20-21, 2024, ending a three-year run on the facility’s road course. More at NBC Sports.
Photo courtesy of Honda.
Review the previous MCG Executive Briefing from September 25 here.
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