MCG Executive Briefing for April 3, 2017

This 1968 Shelby GT500KR Convertible originally owned by actor Lee Marvin will be offered without reserve at the Barrett-Jackson Palm Beach auction later this week. Get all the latest auto industry news in the Executive Briefing. 



Today’s headlines:

+   Ford CEO Mark Fields received $22.1 million in total compensation including salary, pension, and stock awards in 2016, a 19 percent increase over the previous year. More at the Detroit Free Press. 

+   Ferdinand Piech’s seat on the board of Volkswagen’s holding company could be taken by his nephew, Josef Ahorner, as the Porsche-Piech family moves younger members into key roles. More at Automotive News Europe. 

+   Tesla reported deliveries of 25,000 vehicles in the first quarter of 2016, including approximately 13,450 Model S sedans and 11,450 Model S SUVs, a 69 percent increase over last year. More at Reuters. 

+   The FIA has revealed details of last week’s meeting to discuss the future of engines in Formula 1 beyond 2020, with cost and sound leading the manufacturers’ agenda. More at Racer. 

+   A former Google engineer who later went to work for Uber invoked the Fifth Amendment to avoid turning over documents in the Waymo v. Uber trade-secret case. More at Ars Technica. 

+   The United Auto Workers added more than 7,000 members in 2016 as the Detroit-based union grew by 1 percent over the prior year, according to Labor Department filings. More at The Detroit News. 

+   Porsche and Toyota have unveiled their latest hybrid LMP1 race cars in advance of the FIA World Endurance Championship season opener at Silverstone on April 16. More at Motor Trend. 

+   Spy photos of a camouflaged Jaguar I-Pace crossover reveal a vehicle almost identical to the I-Pace electric concept unveiled last November in Los Angeles. More at Autoblog.

+   A 1968 Shelby GT500KR Convertible purchased new by actor Lee Marvin and with only 47,000 miles will be offered at the Barrett-Jackson Palm Beach sale April 6-8. More at Classic 

+   Sam Ard, a noted short track driver who won two consecutive championships in the old NASCAR Late Model Sportsman (now Xfinity) Series, has passed away at 78. More at Fox Sports.

Review the previous Executive Briefing from March 31 here.

Photo courtesy of Barrett-Jackson. 

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