MCG Executive Briefing for July 14, 2023

At the Goodwood Festival of Speed, Bentley unveiled its Speed Six Continuation Series with a production run limited to 12 cars. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

 A group of 95 U.S. lawmakers urged the Biden administration to finalize stricter EPA emissions limits than it proposed in April, prompting opposition from a group of automakers. More at Reuters. 

 Rejecting the long-traditional handshakes to open contract negotiations, United Auto Workers representatives signaled a tough fight ahead to the Detroit three automakers. More at the Detroit Free Press. 

+   Hyundai introduced its N performance version of the Ionic 5 battery-electric crossover, boasting  641 hp and a simulated eight-speed dual-clutch transmission. More at Car and Driver.  

+   In response to team owners saying he should buy an existing Formula 1 team rather than start a new one, Michael Andretti said he tried to do so but “nobody’s selling.” More at Racer. 

+   Erich Bitter, the German-born professional race driver, automotive entrepreneur, Abarth importer, and founder of Erich Bitter Automobil GmbH, has passed away at 89. More at Hemmings. 

+   Ford Motor Company’s board of directors declared a third-quarter dividend of 15 cents per share on the company’s outstanding common and Class B stock, payable September 1. More at The Detroit News. 

+   Introduced in China last year, the Buick Envista compact crossover arrives in U.S. showrooms this month with a three-cylinder turbo with 137 hp and a starting price of $23,495. More at Autoweek. 

+   Officials in the United Arab Emirates ordered the detention of a man who recorded a TikTok video that they say exhibited an offensive display of wealth in an exotic car dealership. More at The Drive. 

+   At the annual Goodwood Festival of Speed, Bentley unveiled its Speed Six Continuation Series with a production run limited to just 12 cars, all of them already spoken for. More at Autoblog.

 Australian Formula 1 driver Daniel Riccardio is returning to the series to replace Dutch rookie Nyck de Vries after just 10 races at Scuderia AlphaTauri, effective immediately. More at Motorsport.com.  

Photo courtesy of Bentley Motors.  

Review the previous MCG Executive Briefing from July 10 here. 

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