The Honda Prelude returns this fall as a hybrid performance hatchback. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Luxury carmaker Porsche will drop out of Germany’s blue-chip DAX stock market index later this month due to its acute vulnerability to U.S. tariffs on European autos. More at CNBC.
+ U.S. light-vehicle sales in August rose for Toyota, Ford, Hyundai, Honda, and Subaru, driven by popular SUVs, electrified models, and ongoing sales promotions. More at CBT News.
+ General Motors is reducing output at a second EV plant where the Chevy Bolt is manufactured as the Trump administration ends the tax credits for electric vehicles. More at Reuters.
+ Andretti Global IndyCar driver Colton Herta is leaving the series next year to take a position as a reserve driver for the Cadillac Formula 1 team behind Valtteri Bottas and Sergio Perez. More at Motorsport Week.
+ U.S. immigration authorities raided the sprawling assembly plant where Hyundai manufactures EVs in southeast Georgia, stopping construction at the adjacent battery plant. More at The Detroit News.
+ At the 2025 IAA Mobility show in Munich, Porsche unveiled a wireless charger for the upcoming Cayenne EV that uses a phone-like charging pad that can be placed on the floor. More at Autoblog.
+ In Stillwater, Minnesota, the driver of a Dodge Charger EV equipped with an electronic exhaust simulator was cited by a State Patrol officer for excessive noise. More at The Drive.
+ EV giant BYD of China has pulled back its sales target for the year from 5 million to 4..6 million, signaling that its explosive growth in sales in recent months is now slowing. More at Yahoo! Finance.
+ After 25 years off the North American market. the Honda Prelude is returning this fall with a 200-horsepower hybrid powertrain and suspension components from the Civic R. More at Car and Driver.
+ A federal judge denied 23XI Racing and Front Row Motorsports a preliminary injunction they sought to retain their 2025 charters in their antitrust lawsuit against NASCAR. More at The Athletic.
Photo courtesy of Honda.
Review the previous MCG Executive Briefing from September 1 here.
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Hyundai was also charged with using child labor at its Alabama plant a few years ago. The home office in Korea better get its arms around the US operations.
That new Honda Prelude is the latest iteration of the “Intelligent Multi-Mode Drive (i-MMD)” of the 3rd generation Insight. I bought one with some misgivings. I have become a gushing enthusiast for it. Telling its story and the parallel one for Toyota Prius might be a thing for MCG.
Thanks, we will look into it.
Scaling back the Bolt revival to one shift is the right call in terms of hiring but they should run it on two with people brought in from other plants for a while. After two years off the market there’ll be pent up demand, alongside a tanking economy pushing sales down overall including on high profit gas pickups.