Top Automotive Industry News for Week of April 19 - April 25, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of April 19, 2021 – April 25, 2021.

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

-Automotive Executives Association (AEA) News-

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-Automotive Manufacturing News-

Alfa Romeo drops its Giorgio platform as it electrifies for the future (Autoblog)

Cadillac rolls out $60,000 Lyriq EV as it phases out gas engines (CNBC)

Daimler Posts Big Gain in Q1 Profits (The Detroit Bureau)

Ford, Volvo EVs Get Top Safety Pick as IIHS Declares EVs Safe Overall (Car and Driver)

GM and LG to spend $2.3 billion on second EV battery plant in U.S. (CNBC)

Honda Commits to Selling Only EVs and Fuel-Cell Vehicles by 2040 (Car and Driver)

Hyundai Q1 profit triples, to adjust May auto production due to chip shortage (Reuters)

Jaguar Land Rover, Daimler production scaled back due to global chip shortage (CNBC)

Mercedes-Benz unveils new flagship EQS electric sedan to take on Tesla (CNBC)

Senators' proposal skirts NHTSA safety regulations for self-driving cars (CNet)

Start-ups aim to change car battery recycling, clean up world’s most polluting industry (Reuters)

Twelve U.S. states urge Biden to back phasing out gas-powered vehicle sales by 2035 (Reuters)

Volkswagen warns of worsening output hit from chip shortage (Reuters)

-Automotive Retail News-

Auto Market Weekly Summary (Cox Automotive)

Automotive Finance Industry Shows Consistency in Q4 2020 Despite Disruptions (Auto Dealer Today)

AutoNation Stock Continues to Rev Up (Auto Dealer Today)

Car shoppers should expect high prices and limited inventory this spring (CNBC)

EV Sales Skyrocket in Q1 as Makers Scramble to Build Battery Plants (The Detroit Bureau)

Google Tests Local Car Listings From Dealerships (Search Engine Roundtable)

People are clamoring for Ford F-150s now trapped in Detroit parking lot (Detroit Free Press)

Spring Leap In Wholesale Prices Continues (Cox Automotive)

Subaru Again Leads Ranking of Most-Seen Auto Commercials (WardsAuto)

Used Market Update (J.D. Power)

Used-Vehicle Inventory Rapidly Depleted Due to Brisk Sales (Cox Automotive)

Weekly Market Insights (Black Book)

-Automotive Servicing News-

CarMD Releases it 2021 Vehicle Health Index During April Car Care Awareness Month (CarMD)

Check Engine: Car Repair, Labor, Parts Costs Dip in 2020 (WardsAuto)

Tesla cars can drive with nobody in the driver’s seat, Consumer Reports engineers find (CNBC)

-General Business & Executive News-

Biden pledges U.S. to cut greenhouse gases by half as climate summit opens (Autoblog)

Elon Musk is going to host Saturday Night Live on May 8th (Autoblog)

Ford rated with Apple, Amazon, Pfizer in new consumer trust survey (Detroit Free Press)

GM commits to doubling ad spending with Black-owned media (Reuters)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

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Automotive Executives Association

www.automotiveexecutives.com