The current Camaro will be dicontinued in January of 2024, but a replacement is in the works and it will probably be electric. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Ford reported that it is projecting a $3 billion loss this year on its Model e electric-vehicle unit, up from $2.1 billion last year, due to development and plant construction costs. More at Car and Driver.
+ Germany and the European Union are on course to settle a dispute over the EU’s planned 2035 phaseout of internal-combustion vehicles, said German chancellor Olaf Scholz. More at Reuters.
+ Hyundai and Kia are recalling more than 570,000 vehicles due to a risk of fire in the electrical wiring and advising owners to park them outside until repairs are completed. More at Autoblog.
+ Executive technical director James Key has left the McLaren Formula 1 team as it undergoes a restructuring in which Ferrari executive David Sanchez returns to the team. More at Racer.
+ Dodge unveiled the seventh and final model of its Last Call series, the Challenger SRT 170, which is capable of 8-second quarter-miles and will be priced at $100,000. More at Motor Trend.
+ Owners of some 2022 and 2023 Honda Civic models are reporting that the steering wheels are sticking or jamming while driving, prompting the NHTSA to open an investigation. More at The Drive.
+ Noted collector Bruce Meyer has donated the Bob McGee ’32 Ford roadster, completed in 1948 and featured on the cover of Hot Rod magazine, to the Petersen Automotive Museum. More at ClassicCars.com Journal.
+ General Motors announced that the sixth-generation Camaro will cease production at the Lansing, MI plant in January 2024, but a replacement is in the works and it will probably be electric. More at Hemmings.
+ Ford has unveiled a new Explorer EV crossover for the European market, but it shares nothing with the North American Explorer as it is based on the Volkswagen MEB EV platform. More at CNBC.
+ An IndyCar series delegation led by Penske Entertainment CEO Mark Miles made a visit to Argentina to evaluate the possibility of adding a race at Termas de Rio Hondo circuit. More at Motorsport.com.
Photo courtesy of General Motors.
Review the previous MCG Executive Briefing from March 20 here.
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