The 2015 BMW M4 convertible makes its formal debut at the New York Auto Show in two weeks, then hits the showrooms this summer. Get all the latest auto industry news in the Executive Briefing.
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+ Ford Motor Co. says its joint manufacturing venture in Russia is cutting 950 jobs due to poor sales and the declining value of the ruble. More at the Detroit Free Press.
+ The Chinese government is considering purchase incentives to bolster domestic sales of electric cars, including sales tax exemptions. More at Bloomberg.com.
+ Under harsh questioning from a Senate panel, GM CEO Mary Barra described the company’s moves to date regarding its ongoing ignition recall. More at The Detroit News.
+ Chrysler is recalling 644,354 Jeep Grand Cherokee and Dodge Durango vehicles in the USA to correct a brake booster defect. More at Edmunds.com.
+ Effective immediately, longtime Kalitta Motorsports Top Fuel driver David Grubnic has been replaced by J.R. Todd for the rest of the season. More at National Speed Sport News.
+ Chevrolet has extended its sales incentives on the Silverado pickup after Ram Truck sales edged slightly ahead in March. More at Reuters.
+ BMW has unveiled the 2015 M4 convertible in advance of the New York Auto Show later this month. More at Autoblog.
+ The manager of Michael Schumacher says “there are signs that give us encouragement” that the gravely injured F1 legend will recover. More at the UK Mirror.
For the previous Executive Briefing from March 31, click here.