At $213,400, this magnificent 1934 Chrysler Imperial Custom Airflow was the top seller at Auctions America’s Auburn spring sale. Get all the latest auto industry news in the Executive Briefing. 

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+   General Motors has received a record $35 million fine from the Transportation Department for its delayed response in the ignition switch recall case. More at Reuters.

+   Johnson Controls and Yanfeng Automotive have formed a joint venture that is poised to become the world’s largest auto interior trim supplier. More at The Detroit News. 

+   A mid-engine Porsche GT prototype spied at the Nürburgring is presumed to be the rumored Cayman GT4. More at Motor Trend. 

+   Three-time world Formula One driving champion Sir Jack Brabham has passed away at the age of 88. More at the The Sydney Morning Herald. 

+   With Toyota’s partial move to Texas, Tesla Motors becomes the largest automotive employer in California with more than 6,000 workers. More at Bloomberg.com.

+   The 33-car field is set for next Sunday’s Indianapolis 500, with privateer Ed Carpenter grabbing the pole position for the second straight year. More at ESPN.

+   Auctions America posted record attendance and $19.1 million in sales at its annual spring collector car auction in Auburn, Indiana. More at Old Cars Weekly. 

+   Jamie McMurray collected a surprise victory in the NASCAR Sprint All-Star Race Saturday night at Charlotte. More at National Speed Sport News. 

For the previous Executive Briefing from May 16, click here.

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