Former BMW and Ford designer Henrik Fisker launched Fisker Automotive in 2007 to build the Fisker Karma, a hybrid luxury sports car. Now Fisker has resigned from the company bearing his name. See this news and more in today’s Executive Briefing.

Links open in new windows 

+   Sources say Chevrolet is planning an entry-level Corvette for mid-2015 with a price  under $50,000. More here at Reuters. 

+   Volkswagen AG says it will build 10 new plants in the mid-term, including one in America and seven in China. More here at The Detroit News. 

+   Fisker Automotive Founder Henrick Fisker has resigned from his own company, citing management differences. More here at The Detroit Bureau.

+   Champion Sebastian Vettel led first practice as the 2013 F1 season kicked off at the Australian Grand Prix in Melbourne this weekend. More here at NDTV Sports. 

+   General Motors seeks to invest $38 million in the Lansing Grand River plant as production of the next-gen Camaro is shifted from Ontario to Michigan. More here at the Lansing State Journal. 

+   BMW will unveil the diesel-powered 328d sedan at the New York Auto Show later this month. More here at USA Today. 

+   RM Auctions and Gooding & Co. sold $54 million in cars and collectibles at Amelia Island last weekend, led by a Duesenberg SJ Walker-LaGrande Convertible Coupe at $4.5 million. More here at the Los Angeles Times. 

+  The ALMS and Grand-Am series have unveiled their merged United SportsCar Racing branding and class structure for 2014. More here at Racer. 

For the previous Executive Briefing from March 11, click here.

Have you joined Motor City Garage on Facebook yet? It’s big fun with rare photos, car lore, trivia, and great discussions! Click here to go the page and like MCG!