The very first production 1953 Corvette will be featured at Corvettes at Carlisle in August. Get all the latest automotive news in the Executive Briefing.

Today’s Headlines: 

+   Working to persuade the U.S. government to honor the connditions of the USMCA trade agreement is a top priority for MEMA, the vehicle suppliers’ lobbying trade group. More at The Detroit News. 

+   In an interview with Auto und Wirtschaft, board member Martin Sander said Volkswagen will drop its current ID.x EV designations and adopt recognizable names. More at The Drive.

+   Half of China’s sales of heavy trucks could be electric vehicles by 2028, up from 10 percent in 2024, says Zeng Yuqun, chairman of EV battery manufacturing giant CATL. More at U.S. News & World Report. 

+   Four-time Formula 1 world champion Max Verstappen dismissed rumors that he plans to leave the Red Bull team in 2026, one again assering that he plans to stay on. More at Motorsport.com. 

+   New-vehicle inventory across the U.S. declined by 7.4 percent in April, falling to 2.49 million units at the start of May, according to Cox Automotive‘s vAuto Live Market View. More at CBT News. 

+   Tesla has changed its corporate bylaws in order to limit the ability of shareholders to sue the automaker for a breach of fiduciary duties, a recent regulatory filing revealed. More at CNBC.

+  The very first production Chevrolet Corvette, numbered 3950 and long believed to be lost, will be a guest of honor at Corvettes at Carlisle in Carlisle, PA on August 21-23. More at Old Cars. 

+   The updated 2026 GMC Hummer EV pickup and Hummer EV SUV feature bidirectional (vehicle-to-home) charging and a new King Crab off-road drive mode with rear steering. More at Car and Driver. 

+   NASCAR Cup points leader Kyle Larson qualified 21st for the Indianapolis 500, allowing him to compete in both the Indy 500 and the NASCAR Coca Cola 600 next Sunday. More at Jayski. 

Photo courtesy of Carlisle Events. 

Review the previous MCG Executive Briefing from May 16 here.

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