This 1938 Talbot-Lago T150 C will be among the stars at the Broad Arrow Auctions Villa d’Este sale. Get all the latest automotive news in the Executive Briefing.
Today’s Headlines:
+ Toyota expects its profits to decline by 21 percent in the current financial year,due to weakness in the U.S. dollar and the impact of President Donald Trump’s import tariffs. More at Reuters.
+ A father, his two sons, and a retired Ford employee were arrested in Dearborn, Michigan for stealing millions of dollars in new parts from three Ford plants in the area. More at The Drive.
+ Tesla sales continue to plummet in Europe’s largest EV markets as the carmaker delivered only 512 vehicles in the United Kingdom last month, a 62 percent decline. More at The Detroit News.
+ In a major shakeup of the Alpine Formula 1 operation, Oliver Oakes has resigned as team principal, while driver Jack Doohan will be replaced by Franco Colapinto for five races. More at Planet F1.
+ Ford announced it is raising prices by up to $2,000 on three models buitl in Mexico, the Maverick, the Bronco Sport, and the Mach-E, citing U.S. Import tariffs as the chief cause. More at CBS News.
+ North Dakota is the ninth U.S. state to enact an 80-mph speed limit on selected limited access highways, but at the same time it implemented higher speeding fines. More at Car and Driver.
+ Speaker of the House of Representatives Mike Johnson predicts Congress will more likely than not eliminate the $7,500 federal income tax credit for electric vehicle buyers. More at Autoblog.
+ A 1938 Talbot-Lago T150 C Lago Spéciale Teardrop Coupé by Figoni et Falaschi will be among the stars of the Broad Arrow Concorso d’Eleganza Villa d’Este sale on May 24-25. More at Old Cars.
+ General Motors named 33-year company veteran Duncan Aldred to serve as president of its North America business, days after the automaker cut its 2025 forecast. More at World Auto Forum.
+ After six years at Phoenix Raceway, NASCAR’s season-ending Championship Weekend will return to Homestead-Miami Speedway in 2026, the sanctioning body announced. More at NBC Sports.
Photo courtesy of Broad Arrow Auctions.
Review the previous MCG Executive Briefing from May 5 here.
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