In advance of its official debut at the Paris Auto Show in October, Kia has unveiled the new Niro electric vehicle boasting a range of 280 miles. Get all the latest auto industry news in the Executive Briefing.
Today’s Headlines:
+ Toyota will invest $1.1 billion and add 450 jobs in its Ontario, Canada operations with financial incentives from the provincial and national governments. More at The Detroit News.
+ Shares of Ferrari hit an all-time high on the Borsa Italian stock exchange after better-than-expected earnings led to several positive analyst ratings for the luxury car maker. More at CNBC.
+ Workers at Lear Corporation’s Ajax, Ontario plant have ratified a new four-year agreement two days after the company threatened to close the facility. More at Crain’s Detroit Business.
+ NHRA Top Sportsman racer Randy Alexander was killed when his Corvette crashed at high speed at this past weekend’s Southern Nationals in Commerce, Georgia. More at The Drive.
+ Dune buggy owners in Texas have turned to state lawmakers for help in titling their vehicles after failing to find agreement with the Department of Motor Vehicles. More at Hemmings Daily.
+ Police are investigating the possibility of inside involvement in last week’s theft of eight Ram trucks from the Fiat Chrysler Automobiles plant in Warren, Michigan. More at the Detroit Free Press.
+ Legendary British racing broadcaster Murray Walker, now 94, has been honored with a Lifetime Achievement Award by the organizers of the Silverstone Classic. More at Vintage Road & Racecar.
+ Fifteen-passenger commuter vans pose a potential safety risk to inexperienced drivers and other road users, the National Highway Traffic Safety Administration has determined. More at Forbes.
+ In advance of the official introduction at the Paris Auto Show in October, Kia has unveiled its new Niro crossover electric vehicle with a range of 280 miles. More at Autoblog.
+ NASCAR Xfinity crew member Lawrence Hayden was arrested in Dover, Delaware after breaking the jaw of Jerry Hattaway, co-owner of JP Motorsports. More at USA Today.
Review the previous Executive Briefing from May 4 here.
Photo courtesy of Kia Motors.
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I wonder what the team owner did to get punched in the face. Looks like he ticked off the wrong guy.
He wasn’t employed by that team at the time. I get the impression his ex-boss wasn’t making it easy for him to find another job.