WardsAuto Daily Edition
 
















AUGUST 05, 2024



First Production AC Cobra GT Coupe Hardtop Launches

Performance icon gets factory tin-top for the first time in the brand's 123-year history while limited run Clubsport Edition gets 810-hp V-8 power.

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Autoline Daily 2024: Top Industry News for Aug. 5

U.S. To Ban Chinese Connected Car Tech; BYD Sets Monthly Sales Record; Mercedes Gets L4 Approval in China

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WardsAuto Podcast: The 1,000+ HP Corvette and the Engineer Who Made It

The 2025 Chevrolet Corvette ZR1 will produce over 1,000 horsepower, the most of any gasoline-powered production car in history.

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BYD Sets New Sales Record, Plans to Enter Canada

Chinese automaker BYD set a new sales record in July, and plans to sell cars in Canada, in addition to Mexico, despite looming tariffs.

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Magna's Volumes Hit by BMW, Ineos and Fisker Production Cuts

Scrapped production plans and an automaker shift back to gas and hybrid powertrains as BEV sales slow hurt auto supply giant's Q2 volumes.

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Automakers to Miss U.K. BEV Targets as Consumers Choose Hybrids

Latest vehicle sales data raise specter of long-term industry crash unless the government changes tack on clean ICE powertrain development.

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FROM AUTOMOTIVE DIVE
Auto Industry’s Innovation Push Brings ‘Startup’ Capital Structure: Hackett Working Capital Survey
As automakers juggle EV resource allocation, regulation and macroeconomics, they are financially operating like startups — which may not be sustainable long-term.