MCG Executive Briefing for September 9, 2022

Jeep will introduce four new electric SUVs by the end of 2025, including the Jeep Recon off-road adventure vehicle in 2024. Get all the latest industry news in the Executive Briefing.

 

Today’s headlines:

 General Motors is taking direct aim at the low-priced end of the electric vehicle market with the Chevrolet Equinox EV crossover, which will arrive in 2023 priced at $30,000. More at CNN Business.

+   Tesla sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant. More at Reuters. 

 Rivian and Mercedes-Benz will collaborate on an electric van plant to be located in Europe at an existing Mercedes facility and assemble vehicles for both manufacturers. More at Autoblog. 

+   New Zealander Scott McLaughlin, who won three titles for Team Penske in Australian Supercars, has signed a multiyear contract extension with the Penske IndyCar team. More at NBC Sports.

 Dodge has resurrected another historic Chrysler name, Swinger, for limited-production Last Call editions of the Charger and Challenger Scatpack Widebodies. More at Car and Driver. 

+   Mullen Automotive is taking a majority stake in Michigan electric truck maker Bollinger Motors in a $148.2 million deal it says will help Bollinger bring vehicles to market. More at The Detroit News. 

+   Deutsche Bank has been selected to run the retail offering of Porsche’s upcoming initial public share listing, a spokesperson for Deutsche Bank announced. More at World Auto Forum.

  The Jeep brand will introduce four new all-electric SUVs in North America and Europe by the end of 2025 as part of a broader strategy to lead the electric SUV market. More at The Verge. 

+   According to insiders, the proposed hybrid and AWD versions of the next-generation Mustang are dead as the company concentrates on the conventional-drivetrain models. More at Motor Trend. 

 Speedway Motorsports and NASCAR announced that,the NASCAR Cup All-Star Race will be held at historic North Wilkesboro Speedway in North Carolina in 2023. More at Jayski. 

Photo courtesy of Jeep. 

Review the previous Executive Briefing from September 5 here.