The famed 1924 Hispano-Suiza H6C Tulipwood Torpedo could fetch more than $12 million at the RM Sotheby’s Monterey sale. Get all the latest auto industry news in the Executive Briefing. 

Today’s Headlines: 

+   General Motors has released photos of a 2024 Chevrolet Silverado electric pickup prototype in off-road testing at the automaker’s Milford Proving Ground near Detroit. More at Car and Driver. 

+   In an interview with the weekly Der Spiegel, Volkswagen chief executive Herbert Diess said the German economy needs China’s business to thrive and combat inflation. More at Reuters. 

+   Jeep maker Stellantis announced it will decommission an engine line at its Trenton, Michigan Engine Complex by the end of 2022 to consolidate production and reduce workforce. More at The Detroit News. 

+   Members of the Formula 1 community have roundly condemned three-time world champion Nelson Piquet for using a racial slur in reference to current driver Lewis Hamilton. More at Racer. 

+   Buick took the top honors in the latest JD Power Initial Quality Study, but buyers of all makes are reporting 11 percent more quality problems than with last year’s models. More at Autoweek. 

+   The 2022 Hyundai Ioniq 5 electric crossover has earned the Top Safety Pick+  ranking from the Insurance Institute for Highway Safety (IIHS), the highest crash safety grade. More at Autoblog. .

+   The facelifted 2023 Kia Soul crossover will arrive this summer with a list price of $19,970, $500 more than the current model, while the turbocharged version has been  dropped. More at Carscoops.  

+   With the most recent version of Apple’s CarPlay software, consumers will be able to pay for gasoline purchases from their instrument panels as early as the autumn of 2022. More at Yahoo! News. 

+   Andre Dubonnet’s 1924 Hispano-Suiza H6C with fabulous tulipwood speedster bodywork by Nieuport will be offered at RM Sotheby’s Monterey sale on August 18-20. More at Hemmings Daily. 

+   Six-time IndyCar champion Scott Dixon says he’s not been part of any conversations regarding a departure from Chip Ganassi Racing to drive for the McLaren Arrow SP team. More at Motorsport.com.  

Photo courtesy and copyright RM Sotheby’s. 

Review the previous Executive Briefing from June 27 here.