The Bob Hirohata 1951 Mercury is one of three historic custom cars that will be honored in a special display at the National Mall in Washington DC. Get all the latest auto industry news in the Executive Briefing.
+ Ford has projected a pre-tax profit of $9 billion in 2017, down from $10.4 billion last year, and warns that first quarter earnings could slip to 30 cents per share. More at The Detroit News.
+ Chinese automaker Chery Automobile Co. Ltd has filed a complaint over Mercedes-Benz’s use of the EQ name for a line of green-energy vehicles. More at Reuters.
+ Detroit-based auto lender Ally Financial has predicted lower profits for 2017, citing a continuing decline in used car values and a growing inventory glut. More at Crain’s Detroit Business.
+ Hyundai Motor Co. has filed a patent application for a novel type of variable-displacement engine with four cylinders of two different displacements. More at AutoGuide.
+ Three-time Formula 1 champion and Mercedes driver Lewis Hamilton says Ferrari is “definitely’ the favorite heading into this weekend’s season opener in Australia. More at Racer.
+ The French government would likely reduce its 20 percent ownership stake in Renault under the right economic conditions, says Finance Minister Michel Sapin. More at Automotive News Europe.
+ The first next-generation Opel Insignia, which is expected to appear in America as a Buick Regal, has rolled off the automaker’s production line at Russelheim, Germany. More at Motor Trend.
+ Three Mustang Shelby GT350 owners equipped with the Technology Package have launched a class-action suit against Ford, challenging the automaker’s “track ready” claim. More at Autoblog.
+ Bob McGee’s ’32 Ford roadster, the Hirohata ’51 Mercury, and the Gypsy Rose ’64 Impala low rider will be featured in a special display on the National Mall in Washington DC. More at Hemmings Daily.
+ Stewart-Haas Racing is appealing the penalties handed out to Kevin Harvick’s team following the Phoenix race, including a one-race suspension for crew chief Rodney Childers. More at Motorsport.com.
Review the previous Executive Briefing from March 20 here.
Photo courtesy of the Historic Vehicle Association.
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