A 1984 Toleman-Hart that helped Ayrton Senna to launch his Formula 1 career is headed to the Bonhams Monaco auction, where it could bring $910,00 to $1.2 million. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines:

+   Audi will skip the 2019 North American International Auto Show, joining luxury rivals BMW and Mercedes-Benz on the sidelines of the January event in Detroit. More at Automotive News Europe. 

+   The France family, founders and majority owners of NASCAR, have retained investment bankers Goldman Sachs Group to explore a sale of the racing series. More at Reuters.

+   General Motors has agreed to locates its Asia-Pacific corporate headquarters in South Korea, in a further commitment by the U.S. automaker to its South Korean operation. More at CNBC. 

+   Ford has halted production of the F-150 pickup due to a parts shortage caused by a fire at a magnesium casting plant that also supplies GM, FCA, and Mercedes. More at the Detroit Free Press.

+   Plans to host a Formula 1 race in Miami next year moved a step closer to reality following approval from the Miami City Commission to proceed with negotiations. More at Racer. 

+   Rolls-Royce has now officially joined the ranks of luxury SUV makers with the $325,000 Cullinan, boasting a twin-turbo V12 and a curb weight of 5,900 lbs. More at Bloomberg.com.

+   BMW has unveiled an even more powerful version of its twin-turbo M5 sedan called the M5 Competition, offering 617 horsepower and a list price of $110,995. More at USA Today

+   A 1984 Toleman-Hart driven by Ayrton Senna in his Formula 1 rookie year will be among the star consignments at the Bonhams Les Grandes Marques À Monaco sale. More at Hemmings Daily. 

+   Cadillac will discontinue the ATS sedan after the 2018 model year and the ATS coupe will  follow a year later as the GM luxury brand continues to adjust its model lineup. More at The Detroit News. 

+   The National Highway Traffic Safety Administration (NHTSA) is reviewing a Florida crash of a Tesla vehicle earlier this week in which two teenagers were killed. More at Reuters. 

+   Former Force India Formula 1 reserve driver Alfonso Celis Jr will make his IndyCar Series debut with Juncos Racing at Road America next month. More at Motorsport.com. 

Review the previous Executive Briefing from May 7 here. 

Photo courtesy of Bonhams. 

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