A new exhibit at the Petersen Automotive Museum features race cars from the collection of Bruce Meyer, including the famed Greer-Black-Prudhomme fuel dragster. Get all the latest industry news in the Executive Briefing.  

Today’s Headlines:

+   General Motors has granted its Detroit-Hamtramck plant a seven-month reprieve, extending production of the Cadillac CT6 and Chevrolet Impala until January 2020. More at The Detroit News.

+   Mike Jackson, the departing chief executive of mega-dealer chain AutoNation, says the new car market is headed into decline, predicting sales of 16.8 million units in 2019. More at CNBC.

+   Hyundai reports it is “overwhelmed” by greater-than-expected demand for the Kona EV, the automaker’s electric-powered subcompact crossover priced at $37,495. More at Motor Trend.

+   James Key will take up his new role as technical director of the McLaren Formula 1 team on March 25 after the company reached a deal with former employer Red Bull. More at BBC Sport.

+   Cadillac launched a high-visibility ad campaign at the 91st Academy Awards, acquiring the rights to the famed red carpet and airing four new broadcast commercials. More at Autoblog.

+   Fiat Chrysler Automobiles is preparing to issue its first regular dividend with a distribution to shareholders of $1.1 billion, or around 75 cents per share. More at Automotive News Europe. 

+   A new show at the Petersen Automotive Museum entitled Winning Numbers: The First, The Fastest, The Famous, features 10 famous race cars from the Bruce Meyer collection. More at Hemmings Daily. 

+   Lexus, Toyota, Porsche, Chevrolet, and Buick topped the list in the 2019 J.D. Power U.S. Vehicle Dependability Study for three year-old vehicles, while Fiat ranked last. More at USA Today. 

+   Tatiana Calderon, a 25 year-old Colombian, is set to become the first female driver in Formula 2 as she joins the BWT Arden team alongside F3 champion Anthoine Hubert. More at Racer. 

+   Daimler and BMW confirmed plans for a joint venture to invest $1.1 billion in five mobility startups, including vehicle charging, ride sharing, and ride hailing services. More at The Drive. 

Review the previous Executive Briefing from February 22 here.

Photo courtesy the Petersen Automotive Museum. 

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