The National Corvette Museum will raffle off three 2020 mid-engine Corvettes, including an Elkhart Lake Blue Coupe like this one. Get all the latest auto industry news in the Executive Briefing.
Today’s headlines:
+ General Motors sales in China saw double-digit year-on-year growth in April with its two local venture partners, SAIC and SGMW, following a drop in the first three months. More at Reuters.
+ A gang of high school-aged car thieves, the oldest 19, allegedly stole 46 new vehicles worth $1.1 million from a string of car dealerships in North Carolina. More at Motor Trend.
+ The COVID-19 crisis may trigger a shift away from public transportation and toward renewed interest in private auto ownership, according to a survey from Capgemini. More at the Detroit Free Press.
+ McLaren Racing CEO Zak Brown believes the reluctance of the big teams to agree to significant changes in Formula 1 threatens the overall future of the sport. More at Racer.
+ The share price of Tesla fell dramatically after CEO Elon Musk tweeted that the price was too high, a possible violation of his with deal with federal regulators. More at Car and Driver.
+ Alexandra Ford English, a rising Ford executive and the daughter of Executive Chairman Bill Ford, has joined the board of directors of electric vehicle maker Rivian. More at The Detroit News.
+ According to a report from Edmunds, more than a quarter of the new vehicle financing deals in April included zero-percent loan terms, the most since 2004. More at The Drive.
+ The National Corvette Museum in Bowling Green will raffle off three 2020 mid-engine Corvettes, to include VIP visits to the museum and nearby assembly plant. More at Autoblog.
+ In line with the cancellation of Monterey Car Week events due to the COVID-19 pandemic, RM Sotheby’s has switched its Monterey auction to online only. More at Classic Cars.com Journal.
+ The Carlin-Chevrolet team is preparing to run a Formula 2 driver in the NTT IndyCar Series in the event that U.S. open-wheel racing resumes before the European scene. More at Motorsport.com.
Review the previous Executive Briefing from May 1 here.
Image courtesy of Richard Childress Racing.
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Great, AWAY from public transport? Going backwards again.
I’ve never been a fan of public transport. Last public transport I rode was a school bus, and that was bad enough. Who wants to sit in somebody else’s mess? Not me.
I’m a big Elon fan, but I think the cheese finally fell off his cracker.
I’ve heard there is a thin line between genius and insanity, Elon may be slipping over that line as many genius’ end up doing…..