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.
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And I thought the C8 was ugly
I think what was cool on the back window of a ’63 StingRay is only cool up front if standing still. And good luck seeing over those fenders. Nope!
Also, looks like it’s even harder to get into/out of than a Gullwing.
I thought split windshields went out of style in the early ’50s. Thick “A” pillars are bad enough view blockers, now this prototype adds a center windshield pillar. The ’63 Corvette only had a split rear window because Duntov lost the argument to the GM Styling VP.