For its 75th anniversary celebration, the Pebble Beach Concours will host four famous cars from the 1933 Chicago World’s Fair. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ Carmakers including General Motors, Ford, Stellantis, and Mercedes-Benz are banking on $2.3 billion in future tariff refunds, risking the wrath of President Trump. More at CBC News.
+ Ford posted a sharp earnings rebound in the first quarter of 2026, with net income rising to $2.55 billion from $473 million in the same period last year, raising its annual outlook. More at Yahoo! Finance.
+ The 10 most frequently stolen cars in the United States in 2025 included the Hyundai Elantra and Solantra, Honda Accord, Chevrolet Silverado 1500, and the Honda Civic. More at Autoweek.
+ Veteran IndyCar and sports car driver Katherine Legge is set to make her fifth Indianapolis 500 for A.J. Foyt Racing, becoming the 33rd and final entry in the race. More at Motorsport.com.
+ Used car retailer Carvana reported record first-quarter revenue of $6.43 billion and $405 million in net income, driven by a 40 percent surge in sales to 187,393 vehicles. More at CBT News.
+ As Honda’s start/stop lawsuit nears approval, owners are set to receive up to $7,500 each while the lawyers are seeking around $36 million in fees tied to the settlement. More at Autoblog.
+ General Motors will spend $505 million to upgrade its St. Catherines, Ontario propulsion plant, a significant investment in both Canadian operations and in V8 engines. More at Car and Driver.
+ Mercedes-Benz reported a sharp drop in operating profit at the start of 2026, beset by higher raw material costs and further tariff pressures, but still beat expectations. More at World Auto Forum.
+ As part of its 75th anniversary celebration, the Pebble Beach Concours d’Elegance will serve as host to four noteworthy cars designed for the 1933 Chicago World’s Fair. More at Old Cars.
+ The Cadillac Formula 1 team will race its first upgrade package at this weekend’s Miami Grand Prix, which team principal Graeme Lowdon hopes will help to close the gap. More at Racer.
Photo courtesy of Kimball Studios / Pebble Beach Concours d’Elegance.
Review the previous MCG Executive Briefing from April 27 here.
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