MCG Executive Briefing for March 13, 2020

This 1965 Mustang Shelby GT350.R with Shelby American race history will be among the star attractions at the Mecum Indy auction in May. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines: 

+   The coronavirus pandemic has triggered a series of cancellations, postponements, and other accommodations across the automotive world, with more announced by the hour. More at Road & Track. 

 Tesla CEO Elon Musk announced that the company is hunting for a location in the “central USA” to build a new factory.to produce its revolutionary electric Cybertruck. More at USA Today. 

+   To restore profitability, Ford of Europe plans to dramatically reduce its dealer force, including 180 of the 400 dealers in the United Kingdom, the unit’s largest market. More at Automotive News Europe.

 NASCAR veteran Ryan Newman gave his first public interviews following his violent crash in last month’s Daytona 500, reporting that he has no memory of the events. More at Motorsport.com. 

+   Researchers at Samsung say they have developed a solid-state battery offering far greater energy density than conventional lithium-ion cells, but it could be years from production. More at Car and Driver. 

+   The stars of Discovery Channel’s Diesel Brothers television show are being ordered to pay $851,451 for producing and selling diesel pickups with faulty emissions. More at The Drive. 

 Multiple photographs of the 2021 Ford Bronco and Bronco Sport have leaked out across the social media world, revealing both two-door and four-door body styles. More at CNET Roadshow. 

+   As General Motors and Ford Motor Company bet heavily on electric vehicles, European manufacturers are pulling EVs from the U.S. market for lack of demand. More at The Detroit News. 

+   The first Mustang Shelby GT350R to win a race and the only Shelby Mustang raced by Ken Miles will be among the feature offerings at the Mecum Indy Auction May 12-17. More at Hemmings Daily. 

 Former Formula 1 world champion Jenson Button believes his former team-mate Lewis Hamilton could go on to surpass Michael Schumacher’s record of seven titles.More at BBC Sport. 

Review the previous Executive Briefing from March 9 here.

Photo courtesy and copyright Mecum Auctions. 

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