This rare 1957 Cadillac Eldorado Biarritz convertible is one of 700 collector cars to be offered at the Mecum Auctions Kansas City sale later this month. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ First-quarter new vehicle deliveries at Tesla Motors climbed 55 percent over the same period last year to more than 10,000 cars, and the automaker projects 55,000 deliveries in 2015. More at The Detroit News.
+ Ending its three-year expansion freeze, Toyota will invest $1.3 billion in two new assembly plants in Mexico and China, increasing its annual production capacity by 300,000 cars. More at Reuters.
+ Agility Fuel Systems will supply 445 of its Behind-the-Cab CNG truck fuel systems to United Parcel Service, increasing the natural-gas fleet at UPS to 1,600 vehicles. More at Automotive Business Review.
+ The FIA commission for women in motorsport has panned F1 boss Bernie Ecclestone’s proposal for a female-only racing series. More at Yahoo! Sport UK.
+ At the Shanghai Motor Show later this month, McLaren will introduce the $188,000 540C, a decontented, detuned version of the 570S sports car. More at Car.
+ Former Chrysler CEO Tom LaSorda has named Simon Boag the new CEO of Incwell, the Birmingham, Michigan venture capital firm he founded. More at the Detroit Free Press.
+ Pirelli motorsports boss Paul Hembery has renewed the call for a shakeup of Formula One rules in advance of the company’s expected bid to renew its tire-supply contract. More at Racer.
+ The Mecum Auctions sale in Kansas City April 23-25 is expected to feature 700 selected American muscle cars and collector vehicles. More at Old Cars Weekly.
Photo by David Newhardt courtesy of Mecum Auctions.
For the previous Executive Briefing from April 3, click here.