Lotus will produce a run of 100 Elise Classic Heritage Editions with special paint schemes to honor famous drivers in Lotus history. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines: 

+   Michigan governor Gretchen Whitmer has given the green light to the state’s auto plants to restart production on Monday, May 11, a week earlier than planned. More at The Detroit News. 

+   Harley-Davidson Inc. has named turnaround specialist Jochen Zeitz, former head at Puma and a Harley board member since 2007, to become chief executive officer. More at Reuters.

+   The share price of Carvana tumbled by double digits when the national used-car retail chain posted a first quarter loss of $183.6 million, a shortfall of $1.18 per share. More at CNBC.

+   A full-time factory McLaren effort in sports car racing for IMSA and the WEC under the new LMDh regulations is under consideration by the team’s CEO, Zak Brown. More at Racer. 

+   BorgWarner’s tornado-damaged plant near Seneca, South Carolina, which makes transfer cases for Ram, Jeep, Ford, and Toyota, is now up and running again. More at the Detroit Free Press.

+   Due to the General Motors strike and the COVID-19 outbreak, production of the 2020 Corvette may be limited to just 2,700 units, making it one of the rarest Corvettes in history. More at Autoblog. 

+   The Insurance Institute for Highway Safety (IIHS) released a video of a 2019 Jeep Wrangler tipping over in crash testing, though the vehicle received a passing score  overall. More at Car and Driver. 

+   Lotus will produce a run of 100 Elise Classic Heritage Editions with special paint schemes honoring Lotus drivers Stirling Moss, Mario Andretti, Graham Hill, and others. More at Classic Cars.com Journal. 

+   Mecum Auctions has rescheduled its annual Indy sale for a second time to July 10-18, while the Eddie Vannoy Collection sale in June has been tabled indefinitely. More at duPont Registry Daily. 

+   The National Hot Rod Association has now canceled its drag racing events for June and July and issued a revised calendar for an 18-race season beginning in August. More at ESPN. 

+   Rental car giant Hertz is making last-minute maneuvers in a bid to avoid Chapter 11 bankruptcy amid an unprecedented slowdown in travel spending during the pandemic. More at USA Today. .

Review the previous Executive Briefing from May 4 here.

Photo courtesy of Lotus Cars.

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