MCG Executive Briefing for March 18, 2022

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This Charcoal Pearl 1958 Corvette from the George Shinn Collection will be offered at the Barrett-Jackson Palm Beach sale on April 7-9. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

+   Window stickers for the 2022 Ford F-150 Lightning electric pickup have leaked out,  revealing range figures of 320 miles for the Pro and Lariat models and 300 miles for the Platinum. More at Autoblog.

+   After hitting a record low in January, new car registrations in Europe slipped another 5.2 percent to 804,028 vehicles in February, according to the ACEA trade organization. More at Reuters. 

+   BMW is teasing images of its upcoming electric 7-series, which features yet another giant twin-kidney grille, a 31-inch high-definition video screen, and a range of 305 miles. More at Car and Driver. 

+   Four-time Formula 1 champion Sebastian Vettel will miss the Bahrain Grand Prix after testing positive for COVID-19, with Nico Hulkenberg replacing him at Aston Martin. More at BBC Sport. 

+   Toyota is cutting its global vehicle production target in April by 150,000 units to 750,000 due to the continued semiconductor shortage and the COVID-19 pandemic. More at the Financial Post.  

+   Shane Leonard, the operator of a Subaru specialist shop in Colorado, has disappeared, allegedly taking hundreds of thousands in customer cash and parts with him. More at The Drive. 

+   Cadillac confirmed that limited production of its first-ever battery-electric vehicle, the Lyriq crossover, will begin Monday at the General Motors Spring Hill plant in Tennessee. More at The Detroit News. 

+   The annual Barrett-Jackson Palm Beach auction on April 7-9 at the South Florida Fairgrounds will feature more than 30 vehicles from the George Shinn Collection. More at ClassicCars.com Journal. 

+   According to S&P Global Mobility, the Russian military attack on Ukraine will result in a decline in automobile production of 2.6 million units over the next two years, mainly in Europe. More at CNBC. 

+   NASCAR, Hendrick Motorsports, and Chevrolet will join forces to race a Camaro ZR1 next-generation Cup car as a Garage 56 entry in the 24 Hours of Le Mans in 2023. More at Motorsport.com. 

Photo courtesy of Barrett-Jackson Auction Company. 

Review the previous Executive Briefing from March 14 here.