MCG Executive Briefing for May 2, 2022

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At $283,750, this 1936 Auburn Boattail Speedster was among the top sellers at the Worldwide Autctioneers Auburn spring sale. Get all the latest auto industry news in the Executive Briefing.

 

Today’s Headlines: 

+   Producer J.J. Abrams, whose credits include several titles in the Star Wars franchise, will produce a live action Hollywood feature film based on Mattel’s Hot Wheels. More at Car and Driver. 

+   The fastest-selling new cars in the USA for 2022 include the Honda CRV, Genesis GV70, and Lexus LX 350, while the Tesla Model X and Honda Insight are among the hottest used vehicles. More at Autoblog. 

+   According to financial disclosures, General Motors CEO and chairman Mary Barra received $29.1 milllion in compensation in 2021, a 23 percent increase over last year. More at The Detroit News. 

+   A number of NASCAR Cup events this season have seen their largest attendance numbers in five years, officials from NASCAR and Speedway Motorsports reported. More at NBC Sports.  

+   Maruti Suzuki, which produces half the cars sold in India and is majority-owned by Suzuki of Japan, beat analyst estimates for the first quarter with a net profit of $240.81 million. More at Reuters. 

+   According to insiders, the C8 Corvette ZR1 will be powered by a twin-turbo version of the 5.5-liter flat-crank V8 with 850 horsepower, but no launch date has been suggested. More at The Drive. 

+   Top sellers at the annual Worldwide Auctioneers spring sale in Auburn included a 1930 Cadillac V16 at $758,500 and a supercharged Auburn Speedster at $283,750. More at Hemmings Daily.

+   Michigan is among the 16 states suing the United States Postal Service to halt the purchase of gasoline-powered trucks and compel it to update to more efficient vehicles. More at the Detroit Free Press. 

+   In advance of its official introduction on May 10, Bentley is teasing images of a new vehicle that insiders believe is a long-wheelbase variant of its popular Bentayga SUV. More at CNET Automobiles. 

+   Formula 1 drivers who have sampled the Miami Grand Prix course in team simulators say they are encouraged by the new circuit, which will host its first race on May 6-8. More at Autosport. 

Photo courtesy of Worldwide Auctioneers. 

Review the previous Executive Briefing from April 29 here.