This 1967 Ferrari 275 GTS was among the top sellers at the Bonhams Monaco sale, hammering down for $1.58 million. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines: 

+  Kia is teasing images of electric commercial vans in several sizes which it says could start arriving in the United States when its new factory begins production in 2025.  More at Car and Driver. 

+   Harley-Davidson will stop assembling and shipping motorcycles for two weeks except for its electric models due to a regulatory compliance problem with supplier parts. More at Reuters.

+   Renault will sell its majority stake in Avtovaz, the Russian carmaker best known for its Lada brand, to the NAMI state-run research institute, and its Moscow plant to the city. More at The Detroit News.  

+   Formula 1 officials announced that the Russian Grand Prix, cancelled after the invasion of Ukraine, will be not be replaced, locking in the 2022 season at 21 races. More at Sky Sports. 

+   Billionaire Leo Koguan, who claims to be the third-largest individual shareholder of Tesla stock, is calling on the electric carmaker to announce a $15 billion stock buyback. More at CNBC. 

+   Spy photographers have captured images of Ford engineers testing the 2024 Mustang GT while apparently running a 2021 Mustang Mach 1 as a benchmark. More at Autoblog.com. 

+   Volkswagen announced that the ID Buzz electric microbus will be priced at $68,082 in its introductory Pro trim for Europe, signalling that the U.S. version will be equally expensive. More at The Drive. 

+   Top sellers at the Bonhams Monaco sale included a 1927 Bugatti Type 35B at $2.11 million, a 1967 Ferrari 275 GTS at $1.58 million, and a 1997 Porsche GT2 at $899,700. More at Sports Car Digest. 

+   Toyota and Ford executives have expressed concerns about fairness regarding NASCAR’s partnership with Chevrolet in their entry in the 2023 24 Hours of Le Mans. More at Motorsport.com. 

+   The Los Angeles Fire Department has taken delivery of the first battery-electric fire truck in the USA, a Rosenbauer RTX, which has been assigned to a Hollywood station. More at Motor Authority. 

Photo copyright and courtesy of Bonhams. 

Review the previous Executive Briefing from May 16 here.