Featured consignments for the inaugural Barrett-Jackson Northeast Auction in  Uncasville, Connecticut include this 1956 Porsche 356A in Lagos Green. Get all the latest auto industry news in the Executive Briefing. 

Today’s headlines: 

+   Volkswagen AG will pay more than $10 billion, up to $7,000 per vehicle, to settle claims by nearly 500,000 owners arising from the U.S. diesel emissions cheating scandal. More at USA Today.

+   Volvo Cars has begun production of the flagship V90 premium estate wagon at its Torslandaverken assembly plant in Torslanda, Sweden. More at Automotive Business Review. 

+   Fiat Chrysler Automobiles will launch an investigation of the fatal accident of Star Trek actor Anton Yelchin, who was pinned when his 2015 Jeep Cherokee apparently rolled away. More at The Detroit News. 

+   Swiss students have shattered the world record for electric vehicle acceleration with their Grimsel experimental formula car, achieving 0-to-62 MPH in 1.513 seconds. More at Engadget.

+   IndyCar driver Joseph Newgarden, who was injured in a violent crash in the previous race at Texas Motor Speedway, has been cleared to practice for this weekend’s event at Road America. More at Motorsport.com. 

+   Kia Motors earned the top spot in the latest J.D. Power Initial Quality Study, with Porsche, Hyundai, Toyota, and BMW filling out the top five spots. More at MLive. 

+   Photos have been leaked of the next-generation Porsche Panamera luxury sedan in advance of its official introduction in Germany next week. More at Motor Trend. 

+   Chinese automaker JAC Motors is exploring the feasibility of building an electric vehicle plant in Bulgaria, the nation’s economic ministry reported. More at Automotive News Europe. 

+   The inaugural Barrett-Jackson Northeast auction on June 23-25 in Uncasville, Connecticut will feature a full slate of collector cars and 20 hours of live TV on the Discovery and Velocity channels. More at Sports Car Digest. 

+   Jeep will unveil its replacement for the Compass and Patriot SUVs in Brazil this fall and will debut the vehicle in North America at the Los Angeles Auto Show in November. More at the Detroit Free Press.

+   Toyota Gazoo Racing reported that the cause of its heartbreaking last-moment failure in the 24 Hours of Le Mans last week was a defect in a turbocharger connector. More at Racer. 

Review the previous Executive Briefing from June 20 here.

Photo courtesy of Barrett-Jackson. 

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