This unique 1937 Cord 812 with factory dual sidemounts has joined the collection of the Auburn Cord Duesenberg Museum in Auburn, Indiana. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines: 

+   Ford is selling 8 million of its 102 million shares in electric truck maker Rivian Automotive through Goldman Sachs just as the insider sales lockout is set to expire. More at CNBC. 

+   The China Passenger Car Association estimates that sales in April dropped 48 percent year-on-year as COVID-19 restrictions shut down factories and dealer showrooms. More at World Auto Forum. 

+   U.S. agricultural equipment maker AGCO reports that a ransomware attack has affected operations at some plants and stalled tractor sales during the crucial planting season. More at Reuters. 

+   At the Miami Grand Prix, McLaren Racing CEO Zak Brown refuted reports that the Formula 1 team is for sale, a story that developed amid partnership discussions with Audi. More at Racer. 

+   Stellantis reports that its revenues for the first quarter of 2022 rose by 12 percent over the same period last year even as deliveries fell the same amount due to supply problems. More at The Detroit News. 

+   The Insurance Institute for Highway Safety (IIHS) is currently studying a proposal to increase in its frontal impact collision test speeds from 12 mph and 25 mph to 35 or 45 mph. More at Car and Driver. 

+   An unusual 1937 Cord 812 Phaeton equipped with factory-installed dual sidemount spares has been donated to the Auburn Cord Duesenberg Museum in Auburn, Indiana. More at Old Cars. 

+   California EV maker Lucid Motors has raised prices on several models by $7400 to $15,000 as supply chain troubles have raised production costs and slowed deliveries. More at The Drive. 

+   Trevor Bayne, who currently drives a NASCAR Xfinity entry for Joe Gibbs Racing, will be on standby duty for Cup driver Kyle Busch for two races as he and his wife await a new baby. More at Jayski. 

+   Spy photographers have captured images of the upcoming Dodge Hornet compact SUV, revealing a close resemblance to the Alfa Romeo Tonale on which it is based. More at Autoblog. 

Photo courtesy of the Auburn Cord Duesenberg Museum. 

Review the previous Executive Briefing from May 6 here.