Police raided a Corvette chop shop in California, recovering $600,000 in stolen cars and parts. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines: 

+   A group representing the major automakers is urging the White House to oppose any effort by steelmaker Cleveland-Cliffs to buy rival U.S. Steel, citing a loss of price competition. More at Reuters. 

+   Ford chief executive Jim Farley received a 26 percent increase in compensation in 2023, as the value of his total package rose to nearly $26.5 million in salary and bonuses. More at The Detroit News. 

+   Nissan’s senior vice president for global design, Alfonso Albaisa, says the brand seeks diversity in styling for its product lines, adding, “There is no longer a face of Nissan.” More at Autoblog. 

+   NASCAR Xfinity driver Joey Gase faces a possible penalty after throwing the rear bumper cover of his car at another competitor’s vehicle in the Xfinity Series race at Richmond. More at Motorsport.com. 

+   General Motors faces a second lawsuit, this one seeking class-action status, over the collection of vehicle data without drivers’ consent and sharing it with third parties. More at the Detroit Free Press. 

+   Volkswagen UK shared posts on social media suggesting that the automaker may revive its limited-production Harlequin models with body panels in contrasting colors. More at Motor Illustrated. 

+   The one-off 1964 Pontiac Banshee XP-883 coupe prototype is once again for sale, this time in a listing at Hemmings.com where the sports car’s asking price is $1.2 million. More at Motor Authority. 

+   The California Highway Patrol and San Joaquin County Auto Theft Task Force raided a chop shop specializing in stolen Corvettes, recovering $600,000 in vehicles and parts. More at Car and Driver. 

+   Ferrari has filed a patent application for an electric vehicle with an inverted (crankshaft on top, pistons below) internal combustion engine to be fueled by hydrogen. More at Hydrogen Fuel News. 

+   Forumula 1 champion Max Verstappen reportedly “appreciates” the public advances from Toto Wolff of Mercedes, despite committing his long-term future to the Red Bull team. More at UK’s The Mirror. 

Photo courtesy of the California Highway Patrol. 

Review the previous MCG Executive Briefing from March 29 here. 

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