This 1953 Fiat 8V Series 1 Berlinetta will be among the featured consignments at the RM Sotheby’s St. Moritz auction. Get all the latest auto industry news in the Executive Briefing.

Today’s Headlines:

+   General Motors and Cruise, its autonomous vehicle subsidiary, are suing the Ford Motor Company over its use of the name BlueCruise for its driver-assistance technology. More at The Detroit News. 

+   Electric truck manufacturer Rivian announced it has closed a $2.5 billion fundraising round led by its investors including Amazon, Ford Motor Company, and T. Rowe Price. More at Reuters. 

+   Subaru has announced pricing information for its BRZ sports car due in showrooms this fall, including a an entry-level model with a six-speed manual gearbox for $28,955. More at Autoblog. 

+   Mercedes Formula 1 team principal Toto Wolff says he has a responsibility to help driver Valtteri Bottas find a seat for 2022 if he opts to replace him with George Russell. More at Racer. 

+   Stellantis has secured an additional $14 billion revolving credit line from 29 banks as the automaker maneuvers to weather the ongoing global microchip shortage. More at The Detroit Free Press. 

+   A second recall notice has been issued for around 69,000 2017-19 Chevy Volt electric vehicles to replace defective battery modules that present a serious fire hazard. More at CNBC. 

+   The Little Car Company of Great Britain is offering an officially licensed 1957 Ferrari Testa Rosa in 3/4 size for children with an electric drivetrain and a top speed of 37 mph. More at The Drive. 

+   RM Sotheby’s has announced a Boutique collector car auction to be held in September in St. Moritz, Switzerland during the Bernina Gran Turismo vintage racing week. More at Classic Cars.com Journal. 

+   Tesla CEO Elon Musk says the controversial yoke-type steering wheel recently introduced on the Models S and X is the only choice and no alternative will be offered. More at Electrek. 

+   NASCAR issued a collection of fines and suspensions to team executives at Hendrick Motorsports for switching engines between the team’s no. 9 and no. 48 cars. More at USA Today. 

Photo by Paolo Carlini courtesy and copyright of RM Sotheby’s. 

Review the previous Executive Briefing from July 23 here.

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