More than 230 vintage and classic cars hidden away in a former church in Holland are now being offered for sale. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   Porsche is teasing a photo showing only the front end of the 2024 Porsche Cayenne in advance of its official introduction at the Shanghai International Automobile Exhibition this week. More at Car and Driver. 

+   Japanese manufacturer Panasonic Holdings, a battery supplier to leading EV maker Tesla, reports it is considering the construction of a battery plant in Oklahoma, its third in the USA. More at Reuters. 

 +   Lancia has unveiled the Pu+Ra HPE, a battery-electric concept that is intended to represent the design and engineering vision of the Italy-only Stellantis brand for the next 10 years. More at Autoblog. 

+   Ferrari Formula 1 team principal Fred Vasseur says the Red Bull team received too light a penalty when was it was fined $7.5 million for exceeding the team spending cap in 2022. More at the UK Guardian. 

+   The first retail production 2024 Corvette E-Ray hybrid with VIN 001 sold for $1.5 million at the Barrett-Jackson Palm Beach Auction with the proceeds going to charity. More at ClassicCars.com Journal. 

+   Azimut, an investment group in Italy, is launching a fund to concentrate on blue-chip classic automobiles, noting that they have risen 185 percent in value over the past decade. More at The Express Tribune.

+   EV maker Zeekr of China has hired Spiros Fotinos, a 24-year Toyota and Lexus veteran, to head its operations in Europe as it prepares to enter the market there later this year. More at World Auto Forum. 

+   The Palmen Barnfind Collection, an assortment of 230 classic and vintage automobiles hidden away in a former church in Holland, is now offered for sale in individual lots. More at The Drive. 

+   Mercedes-Benz has applied to trademark the EQA nameplate in the USA, hinting that the EQA electric compact crossover sold overseas may eventually be offered here as well. More at Motor Authority. 

+   Seven-time NASCAR Cup champion Jimmie Johnson and six-time IndyCar champion Scott Dixon are among the Motorsports Hall of Fame of America inductees for 2024. More at Forbes.  

Photo courtesy of Classic Car Auctions. 

Review the previous MCG Executive Briefing from April 14 here. 

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