Cummins has agreed to pay a $1.67 billion fine to settle claims that the engine maker supplied illegal emissions devices on Ram diesel pickups Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   General Motors has issued a stop-sale order to Chevrolet dealers so it can correct a number of highly publicized software-related electrical problems on the 2024 Blazer EV More at InsideEVs. 

+   Volvo’s next electric vehicle will be a mid-size, four-door luxury sedan to replace the S90, which will be called the ES90 and will reportedly share its platform with the EX90 SUV. More at Car and Driver.

+   Apple’s next-generation CarPlay entertainment interface will debut in 2024 featuring greater flexibility for automaker customization, with Porsche and Aston Martin to get it first. More at Motor Authority. 

+   According to reports, Steve Nielsen, former F1 sporting director, has resigned from his position as sporting director of the FIA after spending less than one year at the post. More at Motorsport Week. 

+   Buyers of a select number of electric vehicles currrently produced by Ford, General Motors, and Tesla will lose their eligibility for federal tax credits on January 1, 2024. More at CBT News. 

+   Russian president Vladimir Putin has seized Rolf, the nation’s largest car dealership, founded by Russian businessman Sergei Petrov and owned by a Cyprus-based firm. More at World Auto Forum. 

+   Diesel engine maker Cummins Inc. has agreed to pay a $1.67 billion penalty to settle claims that it supplied illegal emissions defeat devices on hundreds of thousands of Ram trucks. More at CBS News.

+   Andreas Mindt, the head of design at Volkswagen, has confirmed that an electric Volkswagen GTI will arrive in 2026 and has released partial renderings of the upcoming vehicle. More at Motor Illustrated. 

+   Chinese electric car maker Nio has unveiled a flagship model showcasing in-house developed technologies and positioned to compete with Maybach and the Porsche Panamera. More at Reuters. 

+   The Money Team Racing, the NASCAR Cup team co-owned by boxing legend Floyd Mayweather Jr., plans to run a partial season in the series next year with a driver to be announced. More at Jayski.

Photo courtesy of Stellantis. .

Review the previous MCG Executive Briefing from December 22 here. 

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