The reborn DeLorean brand has released photos of its Alpha5 electric sports car in advance of the official reveal in August. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Ford announced that the automaker will invest $3.7 billion in assembly plants in Michigan, Ohio, and Missouri for the manufacture of both electric and gasoline vehicles. More at Reuters .
+ General Motors reported that it will sharply cut prices on the Chevrolet Bolt EV and Bolt EUV for the 2023 model year, with the Bolt base model slashed to as little as $26,595. More at Autoblog.
+ The seventh-generation 2024 Ford Mustang due to appear sometime next year will be available with a traditional six-speed manual transmission, sources have indicated. More at The Drive
+ IndyCar driver Alexander Rossi confirmed he has signed a multiyear deal to drive for Arrow McLaren SP beginning next season after seven years with Andretti Autosport. More at NBC Sports.
+ Stellantis will pay almost $204 million to resolve a multi-year emissions fraud investigation into Fiat Chrysler Automobiles diesel vehicles, according to a Justice Department filing. More at The Detroit News.
+ In 2024, Buick will apply the Electra name to its first EV for the USA, sharing GM’s Ultium battery architecture with the Cadillac Lyriq, GMC Hummers, and Chevy Silverado EV. More at Autoweek.
+ The reborn DeLorean brand has relseased photos of its gull-winged Alpha5 electric sports car in advance of the official introduction at the Pebble Beach Concours in August. More at Car and Driver.
+ Despite attempts to correct the failure following a 2020 rollover, the 2022 Jeep Wrangler also suffered a rollover in the IIHS driver-side small overlap crash test. More at Motor Trend.
+ This weekend’s inagural NASCAR Cup race at Worldwide Technology Raceway near St. Louis has sold out with 57,000 seats, 1,200 campsites, and several dozen suites spoken for. More at Jayski.
+ China’s electric vehicle start-ups reported stronger sales for May and forecast continued gains for June as supply chains and output begin to recover from COVID-19 disruptions. More at World Auto Forum.
Photo courtesy of the DeLorean Motor Company.
Review the previous Executive Briefing from May 30 here.