Good morning and welcome to our daily digest of automotive news from around the globe, starting with…

VW Confirms “Advanced Discussions” Over A Potential Porsche IPO

The rumors have been flying around for some time, but now VW has confirmed that they’re in “advanced discussions with Porsche Automobil Holding SE regarding a potential IPO” for Porsche. That isn’t to say that it’s a done deal, and Volkswagen Group CEO Herbert Diess has even downplayed a Porsche IPO in the past. But there are billions of dollars at stake, which could come in handy with VW’s electrification push.

New Morgan Super 3 Drags Three-Wheeler Into Mid-Century Modern Age With Jet-Inspired Styling

The Morgan three-wheeler lives again, now in the form of a radically updated design known as the Super 3. It’s powered by a 117 hp (118 PS) Ford-sourced three-cylinder engine, which is good for a 0-62 mph (0–100 km/h) time of 7 seconds, and a 130 mph (209 km/h) top speed.

Jeep Issues Stop Sale On 2022 Grand Cherokee After Keys Stop Working Stranding Owners

Having a functioning key is a fairly vital aspect of trouble-free motoring, so it’s of no surprise that Jeep has issued a stop-sale on its Grand Cherokee for issues with cars’ keyfobs. The issue is believed to be related to a “Radio Frequency Hub Module” which can cause communication issues between the car and the key fob. “We have identified a solution and are expediting delivery of the appropriate parts to our dealer network,” a Jeep spokesperson told The Drive.

Ambassador Bridge Blockade May Have Permanently Damaged Canada’s Auto Industry

The fallout from the Ambassador bridge blockade continues to make itself known. And some experts believe that the Canadian auto industry is far from being out of the woods. Some in the industry think that the saga deters future investors from putting their money into Canada, or deters current investors from maintaining their investment.

2022 Suzuki Baleno Debuts In India As A Significantly Improved Version Of Its Former Self

The Indian-market 2022 Suzuki Baleno has debuted with a number of updates, including minor exterior tweaks, a redesigned dashboard, a new nine-inch touchscreen, a Surround Sense audio system by Arcamys, and a nicer steering wheel. Safety equipment includes six airbags, ESP, Hill Hold Assist, ABS with EBD, ESP, seatbelt reminders, and a High-Speed Alert system — not groundbreaking, but important for India.

Virginia Police Stop Hundreds Of Cars Trying To “Take Over” Richmond For Donuts And Drifts

More than 300 drivers are said to have taken part in an illegal takeover of Richmond, Virginia. Richmond police say they were able to stop the event, which saw various drivers engage in illegal activities, such as burnouts and donuts in intersections. Police were alerted to the event thanks to the social media posts that were monitored, some of which can still publicly be seen.

USPS Rebuffs EPA Protests, Will Move Forward With New Mail Truck That Gets 8.6 MPG

USPS is forging ahead with their Next Generation Delivery Vehicle (NGDV). The Biden Administration had taken issue with the low quota of electric NGDVs, which is set to stand at just 10 percent. However, Postmaster General Louis DeJoy noted that they would procure additional BEVs “as additional funding – from either internal or congressional sources – becomes available.”

What Else Is Making The News

Virgin Hyperloop Changes Track 

The Virgin Hyperloop train service that could see pods reach speeds of over 1,000 km/h will focus on cargo and not passengers. The company told the BBC that the change in direction was due to global supply-chain issues and Covid.

F1 Won’t Race In Russia

Formula One released a statement claiming the series won’t be racing at Sochi this year. It comes after the Russian invasion of Ukraine, with several drivers vowing to boycott the race if it had gone ahead as planned.