In Detroit, Ford introduced the seventh-generation 2024 Mustang on a new S650 platform with dramatic restyling. Get all the latest industry news in the Executive Briefing.
Today’s headlines:
+ General Motors will invest $491 million in expansion and improvements to its Marion, Indiana metal stamping plant, in part to support increases in electric vehicle production. More at Reuters.
+ In Detroit, Ford introduced the seventh-generation 2024 Mustang on a new S650 platform with dramatic restyling, a 500-hp V8, and a six-speed, true-manual gearbox. More at Car and Driver.
+ Volkswagen’s supervisory board is expected to move forward with the IPO of its Porsche brand, consisting of 911 million shares in tribute to its most famous model. Moer at World Auto Forum.
+ The FIA (Fédération Internationale de l’Automobile) has appointed veteran U.S. auto industry executive Natalie Robyn to serve as the rules body’s first chief executive officer. More at Motorsport Week.
+ Ferrari has unveiled its first SUV crossover in the firm’s history, the 2023 Purosangue, with a 715 hp V12, all-wheel-drive, suicide doors, and a list price of around $400,000. More at Autoblog.
+ Marshall, Texas mega-enthusiast Gene Ponder is sending his 120-vehicle collection of vintage cars, motorcycles, and boats to auction by RM Sotheby’s on September 22-24. More at The Drive.
+ Volvo has launched production of three new electric heavy-duty trucks, the FM, FMX, and FH, and predicts that 50 percent of its manufacturing volume will be electric by 2030. More at CNBC.
+ Mike Koval Jr, president of the Ram brand at Stellantis, says the truck division may present a concept for a new mid-size pickup at a meeting of its 4,000 dealers in March. More at The Detroit News.
+ BMW’s M performance unit is teasing a video its first standalone model in four decades, a super SUV to be called the XM, in advance of the formal introduction on September 27. More at Motor Authority.
+ Richard Childress Racing will expand to three NASCAR Cup entries next year as Kyle Busch joins the team and Tyler Reddick stays on one more year to complete his contract. More at Racer.
Photo courtesy of Ford.
Review the previous Executive Briefing from September 12 here.