MCG Executive Briefing for September 15, 2023

The updated 2025 Cadillac CT5 features fresh front end styling, more electronic driver aids, and a base price just north of $40,000. Get all the latest auto industry news in the Executive Briefing.

 

Today’s headlines:

 The United Auto Workers have gone on strike at three selected Detroit three facilities: Ford’s Bronco plant in Wayne, MI, the Stellantis Jeep plant in Toledo, and the GM truck plant in Missouri. More at The Detroit News. 

 Notable product introductions at the North American International Auto Show in Detroit include the 2024 Camaro Collectors’ edition, 2025 Ford Mustang GTD, and 2024 Jeep Gladiator. More at Autoblog.

+   Electric vehicle sales in United States moved at a record pace in the first half of 2023, exceeding 7 percent in total market share as all-time sales passed the 3,000,000 mark. More at The Detroit News. 

+   As expected, New Zealand sensation Shane van Gisbergern has signed a deal with Trackhouse Racing to drive in selected NASCAR Cup, Xfinity, and Truck events in 2024. More at Yahoo! Sports. 

+  The European Union is launching an investigation of Chinese government subsidies on electric vehicles, charging that prices are much higher in their home market than in Europe. More at CNBC. 

 Honda has opened its newly remodeled American Honda Museum in Torrance, California to the public with a broad selection of the company’s historic cars and motorcycles. More at The Drive.  

 Porsche and Audi are recalling all 2023 model year Porsche Taycans and certain 2023 Audi RS e-tron GT and e-tron GT vehicles to inspect and replace potentially leaky batteries. More at Autoweek. 

+   The 17th annual RM Sotheby’s Hershey, Pennsylvania auction on October 4-5 will feature an extensive collection of pre-war American cars and automotive memorabilia. More at Old Cars.  

 Due to arrive in the spring of 2024, the updated 2025 Cadillac CT5 will feature fresh front end styling, improved electronic driver aids, and a base price just north of $40,000. More at Car and Driver. 

+   Zhou Guanyu, China’s first Formula 1 driver, has signed up for another year with the Sauber Alfa Romeo team, where he will once again be partnered with Valtteri Bottas. More at ESPN. 

Photo courtesy of Cadillac.  

Review the previous MCG Executive Briefing from September 11 here. 

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One thought on “MCG Executive Briefing for September 15, 2023

  1. Just imagine if Ford had taken this years $4.5 BILLION dollar loss on Electric Vehicles ( which are piling up in dealer lots ) and spread that out over their 57,000 union members.

    Each member would have gotten a check for $78,900.

    I am not a pro-union guy, but it’s pretty obvious that Ford is sticking it to the UAW.

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