This 1960 Ferrari 250 GT Berlinetta will be offered at the Gooding & Company London auction. Get all the latest auto industry news in the Executive Briefing. 

Today’s Headlines: 

+   General Motors has increased the price of its Hummer electric pickup by $6,250 as it seeks to mitigate higher commodity and shipping costs amid high demand for cars and trucks. More at Reuters. 

+   Hyundai will discontinue production of its Veloster hot hatchback in July to focus on the popular high-performance Avante N and the Kona compact sport utility vehicle. More at The Korea Economic Daily. 

+   Thirteen new Ford F-150 Raptor pickups stolen from Ford’s Rouge complex have been recovered by the Dearborn Police, although the vehicles were reportedly damaged. More at The Detroit News. 

+   Toto Wolff of Mercedes has accused rival Formula 1 team bosses of “pitiful” and “disingenuous” behavior in directing their drivers not to discuss the porpoising issue. More at BBC Sport. 

+   Italian supercar builder Pagani has announced a longtail variant of the Huayra called the Codalunga that will cost $7.34 million and have a production run of just five units. More at Autoblog. 

+   According to May data from Edmunds, new car prices have increased 12.6 percent in the last year and the average vehicle loan payment has risen to $656 per month. More at CNBC. 

+   Featured consignments at the Gooding & Company London sale on Sept. 3 will include a 1960 Ferrari 250 GT SWB Berlinetta Competizione that raced at Le Mans. More at Sports Car Digest. 

+   Russian President Vladimir Putin has ordered his government to quickly prop up the domestic car industry, where sales have cratered since the military attack on Ukraine. More at World Auto Forum. 

+   Spy photographers have captured images of a camouflaged prototype Jeep that is reportedly smaller than the current Renagade and is expected to be called the Jeepster. More at Motor Authority. 

+   NBC and its NBCUniversal affiliate, the USA Network, will take over broadcasting of NASCAR Cup and Xfinity events for the final 39 events of the season, starting with Nashville. More at NBC Sports. 

Photo copyright and courtesy of Gooding & Company. 

Review the previous Executive Briefing from June 17 here.