MCG Executive Briefing for August 24, 2020

Takuma Sato of Japan slipped past Scott Dixon with 25 laps remaining score his second Indianapolis 500 victory. to Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

 Fiat Chrysler Automobiles continues to tease more partial images of the 2021 Jeep Grand Wagoneer and has announced an official reveal date of September 3. More at Car and Driver.

 Mazda’s latest SUV, the CX-30, is set to get a major boost in power with the addition of a turbocharged version with up to 250 hp and a price in the $35,000 range. More at CarsDirect. 

 Shares in China’s Tesla rival Nio are up 240 percent this year as the electric car maker explores plans to expand into Europe and other markets in the next few years. More at CNBC. 

 With 25 laps remaining, Japanese veteran Takuma Sato of Rahal Letterman Lanigan Racing slipped past the dominant Scott Dixon score his second Indianapolis 500 victory. More at IndyStar. 

 Porsche AG has launched an internal investigation into the suspected manipulation of gasoline engines to evade regulations, the German weekly Bild am Sonntag reported. More at Reuters. 

+   Tesla asked the Federal Communications Commission (FCC) for approval to market a motion-sensing device to  help prevent children from being left behind in hot vehicles. More at Autoblog. 

+   As sales of the Mini Cooper convertible continue to decline, the BMW brand is expected to discontinue the drop-top model when the current product cycle ends in 2024. More at The Drive. 

 Fiat Chrysler is recalling some models of the 2014-18 Ram 1500 pickup and 2014-16 Jeep Grand Cherokee SUV to correct a potential engine stalling problem. More at CNET Roadshow. 

+   Lunaz Design of Silverstone, England will restore 30 classic Rolls-Royce Phantom and Silver Cloud models with modern electric drivetrains and prices starting at $661,000. More at Classic Cars.com Journal.

 Jean Todt, president of the FIA, says he believes that a return of the Formula 1 series to the Indianapolis Motor Speedway would be very good for the sport. More at Motorsport.com. 

Review the previous Executive Briefing from August 21 here

Photo by Chris Jones courtesy of Indianapolis Motor Speedway. 

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