This 1928 Mercedes-Benz 26/120/180 S-Type was the top seller at the Bonhams Quail Lodge auction, bringing $5.935 million. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines:

+   General Motors reports it will take a loss of $1 billion as it suspends sales of the Chevy Bolt EV and expands its recall by another 73,000 units to correct a battery defect. More at Reuters.  

+   Jennifer Homendy, the new chairwoman of the National Transportation Safety Board, is calling on carmakers to market their driver-aid systems in a more realistic manner. More at The Detroit News. 

+   A Japanese automotive blog reports that Mazda has applied for eight trademarks with a modified rotary engine symbol that suggests a line of gas/electric hybrid vehicles. More at Autoblog. 

+   Michael Andretti, whose successful Andretti Autosport team has won six Indy 500s and five IndyCar titles, confirmed that he is seriously looking to buy a Formula 1 team. More at Planet F1. 

+   Ford has unveiled Ice White Editions of the Mustang Mach-E and Mustang coupe and convertible, featuring White Metallic Tri-Coat paint and white wheels and interiors. More at Car and Driver. 

+   The 10th installment in the Fast and Furious franchise, titled Fast and Furious 10 and said to be the next-to-last in the series, is now scheduled to premiere April 7, 2023. More at ClassicCars.com Journal. 

+   Hennessey says that the Venom F5, its new 1,792-hp hypercar unveiled at Monterey Car Week, has now sold all its entire production run of 24 cars at $2.1 million each. More at Auto Express. 

+   General Motors has confirmed that the Corvette C8 Z06 will be formally revealed on October 26, teasing a video of a Z06 in camouflage wrapper with a large rear wing. More at The Drive. 

+   The Bonhams Quail Lodge sale reported a sell-through rate of 89 percent and sales of nearly $37 million, led by a 1928 Mercedes-Benz S-Type that brought $5.935 million. More at Sports Car Digest. 

+   Toyota won its fourth consecutive 24 Hours of Le Mans victory and the first of the Hypercar era as its GR010 HYBRID racers finished 1-2, four laps ahead of the field. More at Racer 

Photo courtesy and copyright of Bonhams. 

Review the previous Executive Briefing from August 20 here. 

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