General Motors unveiled a Corvette EV concept created by a UK-based design team. Get all the latest automotive news in the Executive Briefing.

Today’s headlines: 

+   President Donald Trump’s partial pause of his complex global tariff plan has done little to ease the confusion and concern among manufacturers and retailers, observers say. More at MarketScreener. 

 +   The European Union and China have agreed to look into setting minimum prices for  Chinese-made electric vehicles to replace the stiff tariffs imposed in the EU last year. More at Reuters. 

+   Volkswagen AG’s profit tumbled 40 percent in the first quarter as the German automaker grappled with one-off charges and adjustments in anticipation to the U.S. tariffs. More at The Detroit News. 

+   Legacy Motor Club has obtained a restraining order against Rick Ware Racing to block it from selling its NASCAR Cup charter, as Legacy claims they already had a deal. More at The Athletic. 

+   General Motors will end production of the gasoline-powered Cadillac XT6 at its Spring Hill, Tennessee plant near the end of year, but the smaller XT5 crossover will continue. More at CNBC. 

+   At Porsche in the first quarter of 2025, battery-electric models accounted for 25.9 percent of global vehicle deliveries, while plug-in hybrid models represented 12.6 percent. More at Autoweek. 

+   Mega-dealersihip operator Herb Chambers and affilitated parties have agreed to pay $11.8 million to resolve COVID Paycheck Protection Program (PPP) loan fraud allegations. More at CBT News. 

+   In Canada, Tesla is accused of scamming the government’s buyer incentive program for electric vehicles by suspicously claiming 8,653 sales at four dealers in 72 hours. More at Autoblog. 

+   The South Korean government announced emergency support measures for its auto sector, seeking to reduce the damage of U.S. government import tariffs on the industry. More at World Auto Forum. 

+   General Motors unveiled a futuristic new electric-powered Corvette concept designed by a UK-based team with both hypercar and traditional Corvette styling elements. More at The Verge. 

+   Robert Reid, the FIA’s deputy president for sport and a senior member of Mohammed Ben Sulayem’s presidential team, has resigned, citing s a “governance crisis.” More at Racer. 

Photo courtesy of Chevrolet. 

Review the previous MCG Executive Briefing from April 7 here.

Join Mac’s Motor City Garage on Facebook and X to receive notices when every new story is published.