Unrestored and with only 2,299 miles on the odometer, this 1956 Corvette from the Ed Foss Collection could bring up to $350,000 at the Mecum Auctions Monterey sale. Get all the latest auto industry news in the Executive Briefing.   

Today’s headlines:

+   Formula 1 champion Jenson Button could join the new broadcast team at the BBC’s Top Gear program alongside Chris Evans, rumors indicate. More at Motor Trend. 

+   Fiat Chrysler Automobiles is recalling 322,000 cars worldwide to correct side-curtain airbag defects after recalling about 844,000 trucks last week for the same issue. More at The Detroit News. 

+   Michigan-based American Axle & Manufacturing reported a 6 percent gain in revenue for 2Q 2015, driving a 10 percent gross profit increase to $164.5 million. More at Crain’s Detroit Business. 

+   To boost sales, Buick is cutting prices on several 2016 Regal models, including the Regal GS Sports Sedan, which will be marked down $3,300 to $34995. More at USA Today. 

+   IndyCar series boss Mark Miles says the 2016 schedule will be longer, feature more races, and will include a return to several traditional open-wheel venues. More at Racer. 

+   General Motors has issued long-term stock options to its top five executives, including CEO Mary Barra, that will increase their ownership stakes in the company. More at the Detroit Free Press. 

+   Leading test system and sensor supplier MTS Systems and China Automotive Technology & Research Center (CATARC) have have partnered to open a vehicle test facility in China. More at Automotive Business Review. 

+   Following a damning report by Reuters in Japan, Fuji Heavy Industries, the parent company of automaker Subaru, has told its supplier network to treat workers fairly and uphold “human rights and international standards of behavior.” More at Reuters. 

+   Audi racing boss Wolfgang Ullrich has taken responsibility for the “push him out” radio command to Timo Scheider in this past weekend’s Red Bull Ring DTM event. More at Motorsport.com. 

+  The Ed Foss collection of low-mileage Corvettes will be featured at the Mecum Monterey 2015 auction on August 13-15 at the Hyatt Regency Monterey. More at Sports Car Digest. 

Read the previous Executive Briefing from July 31 here. 

Photo courtesy of Mecum Auctions. 

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