Trading hands at $295,000, this highly original 1970 Plymouth Hemi ‘Cuda Torqueflite was among the top 10 sellers at the 2017 Mecum Auctions Indianapolis sale. Get all the latest auto industry news in the Executive Briefing.
+ Proxy advisory firm Institutional Shareholder Services has advised shareholders to reject the Greenlight Capital hedge fund’s plan to divide General Motors stock into two classes. More at Reuters.
+ Former Ford CEO Mark Fields, who was ousted as the company’s stock lost 40 percent of its value during his tenure, could collect a severance package of $57.5 million. More at the Detroit Free Press.
+ Millennial-generation buyers and low fuel prices are driving a increase in the sales of campers and recreational vehicles, industry analysts report. More at USA Today.
+ AMG will produce a two-tier range of compact high-performance cars based on next year’s all-new Mercedes A-Class with two distinct price and performance points. More at Autoblog.
+ At a closed-door meeting of European Union officials in Brussels, President Donald Trump attacked the trade practices of the German carmakers, calling them “bad, very bad.” More at The Detroit News.
+ Formula 1 and IndyCar veteran Takuma Sato battled three-time winner Helio Castroneves over the closing laps to win the Indianapolis 500 for Honda and Andretti Autosport. More at ESPN.
+ The annual Mecum Auctions Indianapolis sale generated a 73 percent sell-through rate and $55.6 million in total sales, a 30-year event record. More at Sports Car Digest.
+ According to research by Bloomberg New Energy Finance, electric vehicles will cost less than conventional gasoline models by 2025 as battery prices plummet. More at Motor Trend.
Review the previous Executive Briefing from May 26 here.
Photo courtesy of Mecum Auctions.
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