This 1967 Ferrari 412P is expected to bring up to $38.5 million at the Bonhams Quail Lodge auction in August. Get all the latest auto industry news in the Executive Briefing.

Today’s headlines:

+   Stellantis reported a record $12.1 billion net profit, up 37 percent year-over-year for the first six months, propelled by a best-ever $109 billion in revenue, a 12 percent improvement. More at The Detroit News. 

+   Automakers BMW, General Motors, Honda, Hyundai, Kia, Mercedes, and Stellantis say they will join forces to build an EV charging network with 30,000 kiosks in the USA and Canada. More at CBS News. 

+   Ford Motor raised its annual pre-tax profit projections as improving supply chains helped the automaker produce more pickup trucks, SUVs, and crossovers to meet sustained demand. More at Reuters. 

+   Veteran IndyCar driver Katherine Legge has signed a deal to run four road-course events in the NASCAR Xfinity series for Bobby Dotter’s SS GreenLight Racing team. More at Autoweek. 

+   McPherson College, a liberal-arts school in Kansas that features one of the nation’s leading car-restoration education programs, received $1 billion in pledges from an anonymous donor. More at Salina Journal. 

+   A collector’s hoard of 55 Firebird Trans-Ams from the ’70s and ’80s, including tools and shop equipment, will be offered by VanDerBrink Auctions in Waverly, Iowa on August 4-5. More at Old Cars. 

+   While new car prices are returning to normal, a number of vehicles are still selling for significantly more than sticker price, including the Jeep Wrangler Unlimited and Mini Coupe. More at Autoblog. 

+   The 1967 Ferrari 412P Berlinetta bearing chassis number 0854, driven by David Piper, Jo Siffert, and others, is expected to bring up to $38.5 million at the Bonhams Quail Lodge sale. More at Hemmings. 

+   In an earnings conference call, General Motors chairman and CEO Mary Barra confirmed that the Chevrolet Bolt EV will return at some point, using GM’s Ultium platform. More at Car and Driver. 

+   Ferrari Formula 1 team officials have confirmed that current sporting director Laurent Mekies is leaving is this week in order to take the postion of team principal at AlphaTauri. More at Racer. 

Photo courtesy of Bonhams. 

Review the previous MCG Executive Briefing from July 24 here. 

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