MCG Executive Briefing for November 21, 2022

Vietnamese automaker Vinfast is bringing two electric SUVs to the USA for 2024, the VF6 and VF7. Get all the latest automotive news in the Executive Briefing.

 

Today’s headlines:

+   Major product rollouts at the 2022 Los Angeles Auto Show included the Genesis X Convertible Concept, 2023 Porsche 911 Dakar, 2024 Chevy Trax, and 2024 Kia Seltos. More at Autoblog. 

+   General Motors is investing $45 million at its Bedford, Indiana aluminum die casting foundry to support future electric vehicle production, the automaker announced. More at The Detroit News.

 Hollywood is tooling up a remake of the classic 1968 car-chase movie Bullitt with Steven Spielberg signed as director and Bradley Cooper cast in the Steve McQueen role. More at The Drive.

+   Formula 1 will launch a junior category called the F1 Academy in 2023, which is designed to give female drivers better opportunities to advance up the formula series ladder. More at Racer. 

+   Troubled used-car retail chain Carvana is laying off around 1,500 employees, approximately 8 percent of its workforce, following a free fall in the company’s share price. More at CNBC. 

 Hyundai is considering the development of additional pickups for the U.S. market, including a “lifestyle” truck, according to Jose Munoz, the Korean automaker’s global president. More at Reuters. 

 One of the five candidates for president of the United Auto Workers has filed a federal lawsuit in Detroit requesting at least an additional month to have ballots returned. More at the Detroit Free Press.

+   Vietnamese automaker startup Vinfast will bring two electric SUVs, the VF6 and the all-wheel drive VF7, to the U.S. market in 2024, with production scheduled to begin in late 2023. More at Car and Driver. 

+   Mercedes-Benz and Robert Bosch LLC have agreed to pay a total of about $6 million to settle a lawsuit over diesel advertising claims, the Arizona Attorney General announced. More at LocalToday.

+   NASCAR will seek an additional 10 to 15 percent in revenue ine its next long-term media deal, with negotiations set to begin early next year with Fox Sports and NBC. More at Front Office Sports.  

Photo courtesy of Vinfast. 

Review the previous MCG Executive Briefing from November 18 here. 

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2 thoughts on “MCG Executive Briefing for November 21, 2022

  1. After seeing how Hollyweird “adjusts” classic movies to fit current trends, will Lt Bullitt be a transgender driving an electric car, pursuing evil right wing parents of “repressed” kids?

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