Top Automotive Industry News for Week of April 13 - April 19, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of April 13, 2020 - April 19, 2020.

We hope it helps you stay up to speed on the key developments in our industry:

-Automotive Manufacturing News-

Auto companies wrestling a complex plan to restart the industry (Detroit Free Press)

Coronavirus efforts could be a big moment in history of Detroit automakers (Detroit Free Press)

Ford COO Farley Shuffles Executives to Accelerate Improvement (The Detroit Bureau)

Ford issues $8 billion debt securities after virus causes $2 billion loss (Reuters)

Ford now sees a far bigger first-quarter loss — $2 billion (autoblog)

Ford warns of $2 billion loss in first quarter due to coronavirus pandemic (CNBC)

Honda extends US furloughs to thousands of salaried employees (The Detroit News)

Hyundai Boosts Funding for Drive-Thru COVID-19 Testing (The Detroit Bureau)

Industrial output in March suffers largest drop since 1946 (MarketWatch)

Mercedes-Benz to restart idled Alabama SUV plant April 27 (The Detroit News)

Missouri city offers $1 billion in incentives for Tesla Cybertruck factory (CNBC)

Pressure to restart auto industry grows, but it faces major hurdles (The Detroit News)

-Automotive Evolution News-

Chinese driverless car firm launches autonomous deliveries in California as lockdown continues (CNBC)

Some New Car Driver Assist Features Are Shown To Prevent Crashes, Others Not So Much (Forbes)

‘Charger Desert’ in Big Cities Keeps Electric Cars From Mainstream (The New York Times)

-Automotive Retail News-

Auto dealers are closed. Sales have plunged. Online sales are now the industry's best hope (CNN)

Car dealers reinvent car-shopping and buying experience for the coronavirus era (USA Today)

CarGurus’ contactless purchasing: Helping shoppers, dealers safely connect (Auto Remarketing)

Car trouble: Auto lenders not letting customers return leased cars amid coronavirus crisis (USA Today)

Coronavirus has dealerships moving to online sales — and car buying may never be the same (USA Today)

Feds recommend auto sales be listed as an essential service (The Detroit News)

Guide to Digital Retailing During a Pandemic (Auto Dealer Today)

New CarMax program allows for curbside pickup (Auto Remarketing)

New Dealers United tools aim to guide auto dealers through crisis (Auto Remarketing)

Shift crisis programs include digital transaction help for dealers (Auto Remarketing)

The coronavirus pandemic isn’t hurting US auto sales as much as feared, J.D. Power says (CNBC)

U.S. Car Sales Tumble Sharply – But Not as Bad as Originally Feared (The Detroit Bureau)

Used Car Market Signals Delayed Recovery For Auto Industry (Forbes)

-Automotive Wholesale News-

Weekly auction sales volume dips below 15K for first time (Auto Remarketing)

-Automotive Ownership News-

$1 gas could soon be coming to a station near you (CNN)

Auto accidents drop by nearly half, according to insurance claims data (autoblog)

State Farm and other car insurance companies are giving refunds due to coronavirus (MarketWatch)

-Automotive Servicing News-

COVID-19 Is A Wake-Up Call For Automakers To Get Into The Mobility Service Business (Forbes)

Fiat Chrysler recalls pickups, SUVs to fix windshield wipers (USA Today)

New COVID-19 programs focus on service departments (Auto Remarketing)

-General Business & Executive News-

AutoNation CEO Cheryl Miller Taking Leave for Health Reasons (Bloomberg)

CarGurus lays off 13 percent of staff, citing coronavirus (The Boston Globe)

First GM-built ventilators arrive at hospitals (The Detroit News)

Get Ready for Mega Cash for Clunkers, Morgan Stanley’s Adam Jonas Says (Barron’s)

GE, Ford sign $336 million federal contract to make ventilators for coronavirus outbreak (CNBC)

GM Adds To Its Personal Protection Equipment Production (Forbes)

Pressure to restart auto industry grows, but it faces major hurdles (Detroit News)

-AEA Reminder-

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Have a great week,

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