This 1929 Duesenberg J Murphy Convertible Coupe will be among the main attractions at the Mecum Glendale auction. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ General Motors, Ford, Toyota, and VW are among the automakers suspending their operations in Russia as global outrage grows to the military invasion of Ukraine. More at the Detroit Free Press.
+ Ford chief executive Jim Farley announced major changes at the automaker, with the gasoline, diesel, and electric vehicle operations to be split into three distinct units. More at Motor Trend.
+ Former Nissan executive Greg Kelly was found guilty by a Japanese court for his role in the Nissan scandal involving Carlos Ghosn, but will be allowed to return to the USA. More at The Drive.
+ Formula 1 racing in Russia has ended for the foreseeable future as the 2022 Grand Prix in Sochi was cancelled along with the long-term contract for the Igora Drive circuit. More at Racer.
+ Tesla CEO Elon Musk said he was inviting the United Auto Workers (UAW) to hold a vote among workers to recognize the union at the electric carmaker’s California factory. More at CNN.
+ Facing pushback from customers, Rivian Automotive quickly backtracked from a plan to increase prices by $12,000 on electric trucks that had already been ordered. More at NBC.
+ Korean automakers Hyundai and Kia announced they will introduce dozens of electric vehicles by 2030, including two pickups, but not all will come to the USA. More at Car and Driver.
+ The 2022 edition of the Mecum Glendale auction on March 16-19 will feature around 1,500 classic and collector vehicles and around 200 pieces of art and memorabilia. More at Sports Car Digest.
+ Citing supply chain slowdowns and their impact on hybrid system components, the NTT IndyCar Series has delayed the debut of its new engine until the 2024 season. More at NBC Sports.
+ Lordstown Motors former chief executive Steve Burns sold $13.5 million worth of shares in the troubled electric truck startup this week, according to a regulatory filing. More at Reuters.
Photo courtesy of Mecum Auctions.
Review the previous Executive Briefing from February 28 here.