Morgan unveiled the Pininfarina-designed Midsummer, a topless speedster limited to 50 copies each priced at $200,000. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   As expected, President Joe Biden has imposed a 100 percent tarriff on Chinese EVs, along with higher tarriffs on batteries, solar cells, steel, aluminum, and medical equipment. More at the Guardian. 

+   In an interview with The Detroit News, General Motors CEO Mary Barra said the automaker’s new hybrid models for the North American market will begin to arrive in 2027. More at The Detroit News. 

+   Stellantis has filed an application with the United States Patent and Trademark Office (USPTO) for a new trademark on Chrysler’s historic ‘Cuda name, suggesting a return. More at Motor Authority. 

+   Penske Entertainment CEO Mark Miles dismissed rumors that NBC Sports will not continue as IndyCar’s broadcast partner as the series negotiates its next television agreement. More at Racer. 

+   Honda reaffirmed its commitment to electric vehicles, saying it will invest $65 billion through fiscal 2031 to deliver EV models around the world, including the U.S. and China. More at Autoblog. 

+   According to registration data complied by S&P Global Mobility, the Tesla Cybertruck is outselling the Rivian R1T by two to one, but the Ford F-150 Lightning easily outsells both. More at The Drive. 

+   General Motors president Mark Reuss says that if he had his way, the Chevrolet Camaro would return as an EV coupe rather than a crossover like the Mustang Mach-E. More at Motor Trend. 

+   Morgan unveiled the 2024 Midsummer, a topless speedster designed by Pininfarina, to be built in a limited run of 50 copies each priced at $200,000 and all already spoken for. More at PistonHeads.

+   According to vAuto Live Market View, retail used-vehicle sales declined 7 percent in April compared to March but scored a 4.8 percent increase over the same month last year. More at CBT News. 

+   “Barefoot” Bob McCreadie, a modified dirt racer who became a short track legend and was inducted into the Northeast Dirt Modified Hall of Fame, has passed away at 74. More at Speed Sport. 

Photo courtesy of Morgan Motor Company. 

Review the previous MCG Executive Briefing from May 13 here. 

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