This 1965 Shelby Mustang GT350R factory racer will be among the featured attractions at the annual Mecum Indy auction in May. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ General Motors has signed partnership agreements with seven electric vehicle charging networks to add 60,000 charging outlets in the United States and Canada. More at the Detroit Free Press.
+ Toyota has two all-new eight-passenger SUVs in development for the USA, one badged as a Lexus, with electrified powertrains and hands-free driving technology. More at Autoblog.
+ Volkswagen chief Herbert Diess is stepping down as head of the supervisory boards at subsidiaries Seat and Skoda to focus on building a stronger EV software team. More at Reuters.
+ NASCAR and Texas Motor Speedway officials unveiled a radical new format for the NASCAR Cup All-Star Race on June 13, including a random drawing for starting positions. More at Speed Sport.
+ The market for used Class 8 heavy-duty trucks is booming, as auction prices leaped 22 percent and retail prices rose nearly 5 percent in March, according to JD Power. More at Commercial Carrier Journal.
+ Electric truck startup Rivian has confirmed that both its R1T pickup and R1S SUV will be available with an all-glass panoramic roof panel by the middle of next year. More at Car and Driver.
+ Ford Motor Co. booked a $3.3 billion profit in the first quarter, but warned that the global microchip shortage could cut production by half in the the second quarter. More at The Detroit News.
+ Featured attractions at the annual Mecum Auctions Indianapolis sale will include a 1965 Shelby Mustang 350GTR, one of 36 special race cars built by Shelby American. More at Classic Cars.com Journal.
+ Tesla reported a net profit of $438 million for the first quarter on net revenue of $10.1 billion, based in part on a bitcoin sale and $518 million in revenue from energy credits. More at Autoweek.
+ McLaren CEO Zak Brown called for an immediate change to secret ballots for key Formula 1 votes to prevent smaller teams from feeling pressure from their larger affiliates. More at Autosport.
Image courtesy of Mecum Auctions.
Review the previous Executive Briefing from April 26 here.
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