MCG Executive Briefing for July 3, 2023

GM Defense has developed a military version of the massive Hummer EV for the U.S. government. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

+   Tesla delivered 466,140 electric vehicles in the second quarter of 2023, an 83 percent increase over the same period last year and a greater number than analysts predicted. More at Reuters. 

+   Ferrari has unveiled a more extreme edition of its SF90 supercar called the SF90 XX with a total of 1,016 horsepower, but the company reports that the model is already sold out. More at Car and Driver.

 Stellantis has acquired a 20 percent share in Kuniko Ltd, a nickel and cobalt supplier based in Norway, as part of efforts to strengthen its electric-vehicle battery supply chain. More at The Detroit News. 

+   Dilano van ‘t Hoff, an 18 year-old Dutch driver, was killed in a multicar accident in a Formula Regional European Championship race at Belgium’s Spa-Francorchamps circuit. More at ESPN. 

 Police arrested Richard Thomas Finley, operator of Classic American Street Rods in Texas, recovering 24 vintage cars that allegedly belonged to defrauded customers. More at The Galveston County Daily News. 

 According to reports from Japan, the next Toyota GR86 sports car will use the same three-cylinder turbocharged engine with 300 horsepower found in the GR Yaris and GR Corolla. More at Motor Illustrated.

+   French police confiscated and crushed two BMWs after videos were allegedly posted on social media showing their owners performing illegal drifting on public roads. More at The Drive. 

+   GM Defense has unveiled a military version of the massive Hummer EV with open bodywork, a steel tubing chassis, and a diesel-powered onboard generator to extend range. More at Teslarati. 

+   Porsche plans to launch a redesigned Macan featuring electric power early next year but may also continue the current gasoline-powered model, depending on buyer demand. More at Motor Authority. 

 Formula 1 officials reshuffled the finishing order of the Austrian Grand Prix with post-race penalties, demoting Carlos Sainz from fourth to sixth and Lewis Hamilton from seventh to eighth. More at Motorsport.com. 

Photo courtesy of General Motors. 

Review the previous MCG Executive Briefing from June 30 here. 

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