MCG Executive Briefing for June 24, 2022

Ford’s fourth-generation 2022 Supervan exhibition racer boasts four electric motors that produce nearly 2,000 hp. Get all the latest auto industry news in the Executive Briefing. 

 

Today’s Headlines: 

+   Chinese manufacturer Contemporary Amperex Technology Ltd. (CATL) has unveiled an electric vehicle battery that it says has a range of more than 1,000 kilometers, or 620 miles. More at Autoblog. 

+   Mercedes-Benz has denied a German media report that it was considering a sale of its van manufacturing business to place more strategic focus on high-end vehicles. More at Reuters. 

+   Despite an apparent public feud between the Biden administration and Elon Musk, the White House has reached out to Tesla, Inc. for guidance on renewable fuel policies. More at Business Insider. 

+   Following his surprise win at an SRX stock-car event in Florida, four-time Indy 500 winner Helio Castroneves is working to put together a deal to drive in the Daytona 500. More at Racer. 

 FedEx has received its first batch of 150 Zevo 600 electric delivery trucks from the BrightDrop division of General Motrs as part of a larger order of more than 2000 vehicles. More at Autoweek. 

+   According to a study conducted by a Kentucky Subaru dealer, Americans say they are willing to travel an average distance of 469 miles to purchase their next vehicle. More at Car and Driver. 

+   BMW has formally launched production at its new $2.2s billion assembly plant in Shenyang, China, as the German automaker seeks to ramp up its output of electric vehicles. More at World Auto Forum. 

+   Ford has unveiled a fourth-generation version of its Supervan exhibition racer based on the E-Transit production van, sporting four electric motors good for nearly 2,000 hp. More at Autocar. 

+   Featured consignments at the Artcurial Classic Le Mans auction on July 2 will include a 1954 Maserati A6 CGS Spyder and Alain Prost’s 1983 Renault RE40 Formula 1 racer. More at Sports Car Digest. 

+   Bruton Smith, the founder of the Sonic Automotive dealer group and Speedway Motorsports Inc, the operator of multiple tracks on the NASCAR circuit, has died at 95. More at Jayski. 

Photo courtesy of Ford. 

Review the previous Executive Briefing from June 20 here.

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