Shelby American has announced a Signature Edition package for the Mustang GT500 that costs $30,000 and promises 800-plus horsepower. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ General Motors and partner EVgo are teaming up to install 2,700 new electric vehicle fast-charging stations in the next five years, focusing on 40 strategic urban areas. More at Car and Driver.
+ Worrying analysts, Ford confirmed that it sought and won permission from the U.S. Department of Energy to defer debt payments owed for a 2009 government loan. More at the Detroit Free Press.
+ A small profit in North America helped Fiat Chrysler Automobiles to limit losses from the COVID-19 crisis in its second quarter to around 928 million euros ($1.093 billion). More at Reuters.
+ In response to an overture from Chip Ganassi Racing, NASCAR driver Bubba Wallace has been offered an ownership stake to remain at Richard Petty Motorsports. More at NBC Sports.
+ Chinese electric vehicle maker Kandi Technologies announced it will bring two electric vehicles to the USA, starting in the Dallas, Texas area with prices below $30,000. More at Autoblog.
+ Jaguar Land Rover will expand its cost-cutting efforts up to $3.3 billion total, as the COVID-19 pandemic battered the balance sheets in the first quarter of its fiscal year. More at The Detroit News.
+ Fisker Inc. reports it has received more than 7,000 orders from 30 countries for its upcoming Ocean electric crossover, exhausting the planned 2022 production run. More at CNET Roadshow.
+ Lamborghini introduced the Essenza SCV12, a limited production hypercar that is not street legal but includes a host of exclusive extras and an 830 hp V12 engine. More at USA Today.
+ Shelby American is rolling out a GT500SE package for the Mustang GT500 that includes a full slate of appearance and performance items and a bump to 800-plus hp. More at The Drive.
+ McLaren Formula 1 team CEO Zak Brown assertws that the company is back on track financially after a rocky first half of 2020 in the wake of the COVID-19 crisis. More at Motorsport.com.
Review the previous Executive Briefing from July 31 here.
Photo courtesy of Shelby American.
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