MCG Executive Briefing for June 21, 2021

At $203,500, this supercharged F-code 1957 Thunderbird was among the top sellers at the first annual Mecum Tulsa auction. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines:

+   Angela Strand, the new CEO at troubled EV maker Lordstown Motors, says that despite recent controversies, electric truck production will begin in September. More at Car and Driver. 

 Porsche AG is forming a joint venture with German battery maker Customcells to produce high-performance batteries that could significantly reduce charging times. More at Reuters. 

+   After photos of the 2022 Toyota Tundra TRD Pro leaked onto the internet last week, Toyota has released an official photo of the Texas-built high-performance pickup. More at The Drive. 

+   The Alfa Romeo Formula 1 team will give drivers Robert Kubica and Callum Ilott test  outings in the free practice sessions during the doubleheader races in Austria. More at Racer. 

 U.S. motorists drove 55 percent more miles in April compared to one year ago as more Americans resume vacations and return to work, the Federal Highway Administration reports. More at Autoblog. 

 Snap has removed the controversial “speed filter” from its popular social media app Snapchat after it was linked to a number of fatal and near-fatal car crashes. More at CNET Roadshow. 

+   Daisy, the one-off 2004 Ford Shelby concept that signaled the renewed partnership of Carroll Shelby and the Ford Motor Company, will be offered at the Mecum Monterey sale. More at Motor Authority.

+   General Motors’ Hydrotec division has partnered with two other companies to develop products and markets for fuel-cell systems in aerospace and rail applications. More at The Detroit News. 

 Mecum Auctions’ first collector car sale in Tulsa, Oklahoma reported total sales of $21.1 million and 539 of the 660 offered vehicles sold, a sell-through rate of 82 percent. More at Classic Cars.com Journal. 

 After reaching his goal of 100 career Xfinity victories this week at Nashville, Kyle Busch, NASCAR veteran Kyle Busch suggested he may retire from the support series. More at NBC Sports.  

Photo courtesy of Mecum Auctions. 

Review the previous Executive Briefing from June 18 here.

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