Vince Gardner’s famed 1965 Mustang two-seater prototype brought $511,500 at the Auctions America Fort Lauderdale sale. Get all the latest auto industry news in the Executive Briefing.
+ A Georgia jury has awarded $150 million to the family of a four-year-old killed in a 1999 Jeep Cherokee fire, finding Fiat Chrysler Automobiles responsible for nearly all the damages. More at The Detroit News.
+ In a $1.1 billion deal, Ford’s joint venture with Chongqing Changan Automobile Co. Ltd. will take over and upgrade an assembly plant in northeast China. More at Reuters.
+ Introduced at the New York Auto Show earlier this week, the Cadillac CT6 sedan is expected to appear in a hybrid version at the Shanghai Auto Show. More at Autoblog.
+ Richard Childress Racing will appeal severe penalties lodged against the team’s no. 31 Chevrolet driven by Ryan Newman for illegal tire modifications. More at NBC Sports.
+ Fiat Chrysler Automobiles has promoted Ralph Gilles, 45, to the position of chief of global design, replacing the retiring Lorenzo Ramaciotti. More at the Detroit Free Press.
+ The former McLouth Steel plant in Gibraltar, Michigan, just south of Detroit, is set to reopen after the Wayne County Commission approved a $56 million brownfield plan for the 42.5-acre facility. More at the Southgate News-Herald.
+ Last week’s Auctions America Fort Lauderdale 2015 collector car sale produced over $21 million in sales and a 76% sell-through rate. More at Sports Car Digest.
+ Andretti Autosport and sponsor TE Connectivity have inked a deal to run the Indy 500 with 26 year-old female IndyCar veteran Simona de Silvestro. More at Racer.
For the previous Executive Briefing from March 30, click here.