Dodge has unveiled the Charger Daytona SRT Concept, an electric muscle car that it says will be faster than the current Hellcats. Get all the latest auto industry news in the Executive Briefing. 

Today’s headlines: 

+   According to new data from Edmunds, the average auto loan in the USA  has now stretched out to 70.4 months, while average payments have climbed past $700 for the first time. More at CNBC. 

+   General Motors is recalling nearly half a million 2021 and 2022 Chevrolet, GMC, and Cadillac SUVS to repair defective third-seat seat-belt assemblies that could separate. More at The Drive. 

+   The annual Geneva International Motor Show, previously scheduled to take place next February, has been cancelled for the fourth year in a row, the organizers have announced. More at Reuters.

+   Rahal Letterman Lanigan Racing and 21-year-old IndyCar driver Christian Lundgaard of Denmark have agreed to a multi-year contract extention of undisclosed length. More at Racer. 

+   EVE Energy Co. Ltd. of China will supply BMW with large cylindrical batteries,  similar to the improved 4680 cells recently adopted by Tesla, for BMW’s electric cars in Europe. More at U.S. News and World Report. 

+   Cadillac has released photos of a protoype 2025 Celestiq electric flagship sedan in camouflage cruising around the General Motors Technical Center in Warren, Michigan.  More at Autoblog. 

+   Stellantis has unveiled the Dodge Charger Daytona SRT, a preview of its upcoming electric muscle car that the automaker says will outperform the current V8 Hellcats.  More at Car and Driver. 

+   Lamborghini chief technical officer Rouven Mohr pledges that the company’s upcoming electric supercars will not emply simulated engine sounds, unlike other carmakers. More at Autoweek. 

+   General Motors and LG Energy Solution are considering New Carlisle, Indiana, for the location of their fourth joint venture battery cell manufacturing plant, the companies confirmed. More at The Detroit News. 

+   Two-time world champion Fernando Alonso, who leaves for Aston Martin next year,  won’t be replaced at Alpine Formula 1 before the end of this season, team officials say. More at Motorsport Week.  

Photo courtesy of Stellantis. 

Review the previous Executive Briefing from August 15 here.