At $9.47 million, this 1955 Ferrari 375 MM Berlinetta was the top seller at the Gooding Christie’s Amelia Island sale. Get all the latest automotive news in the Executive Briefing.
Today’s headlines:
+ S&P Global Mobility reports that the ongoing global tariff war now puts the probability of the auto industry experiencing an extended disruption period at a startling 50 percent. More at the Detroit Free Press.
+ President Donald Trump turned the South Lawn of the White House into a temporary Tesla showroom in a conspicuous favor to his major donor and advisor Elon Musk. More at CNBC.
+ Nissan chief executive Makoto Uchida is stepping down after the company reported dismal financial results, to be replaced by current chief planning officer Ivan Espinosa. More at The Detroit News.
+ Stefano Domenicali will remain head of Formula 1 until at least the end of 2029 after winning a five-year contract extension from the sport’s commercial rights holder Liberty Media. More at ESPN.
+ The Cox Automotive Dealer Sentiment Index (CADSI) for the first quarter of 2025 found dealer confidence slightly improved among U.S. auto retailers but still in negative territory. More at CBT News.
+ Chinese tech company Xiaomi’s new electric crossover SUV, the YU7, will have a driving range of up to 770 kilometres (478 miles), accordring to a government document. More at Yahoo! News.
+ Former Tesla and Lucid executives have formed a company to produce two lightweight electric sports cars to be called the Longbow Roadster and Longbow Speedster. More at Autoweek.
+ Under the Trump administration, the U.S. Environmental Protection Agency (EPA) has moved to dismantle emissions standards enacted during the Biden administration. More at Car and Driver.
+ The Gooding Christie’s Amelia Island auction reported $67.4 million in total sales and a 93 percent sell-through rate, led by 16 cars that each sold for more than $1 million. More at Old Cars.
+ Rob Buckner will leave his position as manager of the Chevrolet IndyCar engine program to become Senior Manager of the GM Motorsports Propulsion Program Team. More at Racer.
Photo courtesy of Gooding & Company.
Review the previous MCG Executive Briefing from March 10 here.
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