This highly original 1967 Corvette built for Green Bay Packers quarterback Bart Starr will be among the featured consignments at the Mecum Indy Auction. Get all the latest auto industry news in the Executive Briefing. 

Today’s Headlines:

+   General Motors Chairman and CEO Mary Barra received $21.96 million in total compensation in 2017, a 2.8 percent reduction from her 2016 package. More at The Detroit News. 

+   Hong Kong-based Hybrid Kinetic Group (HKG) and partner Pininfarina debuted two new electric vehicle concepts in Beijing, the H500 saloon and the K350 SUV. More at Motor Trend.

+   Opel’s works council has blocked a voluntary job buyout plan at the automaker, hampering the effort by parent company PSA Group to reduce manpower. More at Automotive News Europe.

+   Veteran NASCAR owner-driver James Hylton and his son, James “Tweety” Hylton Jr. were killed in a transporter accident following the ARCA race in Talladega, Alabama. More at People. 

+   The Trump administration is likely to propose a freeze on federal fuel economy standards from 2020 through 2026, according to three sources briefed on the issue. More at CNBC.

+  In reaction to the team’s disappointing performance so far in 2018, McLaren will restructure its engineering operation, with Tim Goss removed as chief technical officer. More at Australia’s News.com.

+   The last Wrangler JK, a white Rubicon Unlimited, rolled off the line in Toledo as Fiat Chrysler Automobiles prepares to retool for production of a Jeep truck there next year. More at the Detroit Free Press. 

+   In response to increasing shareholder pressure, Hyundai Motor reported it will cancel $890 million worth of treasury shares, its first stock cancellation in 14 years. More at Reuters. 

+   An original, unrestored 1967 Corvette roadster built for football legend Bart Starr will be offered at the Mecum Indianapolis Auction on May 15-20. More at Classic Cars.com Journal.

+   IndyCar engine suppliers Chevrolet and Honda are aligned on competition rules and the future direction of the series, says Chevrolet motorsports competition director Mark Kent. More at Racer. 

Review the previous Executive Briefing from April 27 here. 

Photo courtesy of Mecum Auctions. 

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