The top 10 sellers at RM Sotheby’s exclusive Villa Erba sale at Lake Como, Italy included a stunning 1961 Maserati 3500 GT Spyder that hammered down at $945,000. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   Embattled Audi CEO Rupert Stadler received only a five-year contract extension in May because supervisory board members agreed he would not serve out his full term. More at Automotive News Europe. 

+   Harley-Davidson is recalling 57,000 motorcycles from the 2017 model year to repair an engine oil cooler line that could come loose and throw oil on the rear tire. More at The Detroit News. 

+   Toyota engineers are working on a flying car that the automaker hopes will be able to light up the Olympic flame for the opening ceremony of the Tokyo 2020 Summer Games. More at Reuters.

+   British motorcycle maker Triumph will replace Honda as the sole supplier of engines for the Moto2 racing series with a three-year deal that begins in 2019. More at Autosport. 

+   Tom Tjaarda, the American-born designer of many memorable Italian cars, including the De Tomaso Pantera and original Fiat 124 Spider, has passed away at 82. More at Automobile. 

+   Toyota Gazoo Racing finished the 2017 Le Mans 24 Hours Test Day on top as the Japanese automaker swept the top three places with its TS050 Hybrids in two sessions. More at Dailysportscar.com. 

+   Federal regulators have ruled that E15 gasoline must now be labeled as a “flex fuel” in some parts of the country, a contradictory term that could disrupt sales. More at USA Today. 

+   Waymo, the autonomous vehicle division of Google’s parent company Alphabet, is exploring the development of self-driving vehicle technology to trucks. More at Motor Trend. 

+   Top sellers at RM Sotheby’s exclusive Villa Erba auction included a 1937 Talbot-Lago T150-C SS Goutte d’Eau at $3.78 million and a 1961 Maserati 3500 Gt Spyder at $945,000. More at Hemmings Daily. 

+   Jost Capito, who left his role as chief executive officer of McLaren Racing in February after just five months in the job, is returning to Volkswagen to head its road performance brands. More at Racer. 

Review the previous Executive Briefing from June 2 here.  

Photo courtesy of RM Sotheby’s. 

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