Top Automotive Industry News for Week of April 22 - April 28, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of April 22, 2019 - April 28, 2019.

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

-Automotive Manufacturing News-

$12,000 per car is the cost penalty for building EVs, McKinsey study finds (autoblog)

Daimler Earnings Fall 37% as Mercedes Sales Stumble (The Detroit Bureau)

Detroiters to get first dibs at new Fiat Chrysler jobs (The Detroit News)

Elon Musk makes deal with SEC not to discuss Tesla’s finances without a lawyer’s approval (CNBC)

Ford claims it will have 100 self-driving cars on the road by the end of the year (CNBC)

Ford invests $500 million in electric truck startup Rivian (USA Today)

Ford made bold decision to stop making sedans: How it's working out 1 year later (Detroit Free Press)

Ford Mustang still top sports car, but Dodge Challenger ousts Chevy Camaro as No. 2 (USA Today)

Ford under criminal investigation by the US government over emissions certification (USA Today)

Ford’s earnings proved the automaker’s risky bets are paying off — and investors are buying in (CNBC)

GM to hire 400 more hourly workers to build mid-engine C8 Corvette (autoblog)

Lotus Goes Electric – But Can That Spark Brand’s Revival? (The Detroit Bureau)

Nissan Cries Foul As Ghosn Rearrested For Fourth Time On Most Serious Charge Yet (Forbes)

Renault to propose joint holding company with Nissan, Nikkei reports (CNBC)

Tesla Improves Range to 370 Miles and Cuts Prices on Model S and X (Car and Driver)

Tesla misses first-quarter earnings estimates, but Wall Street focuses on hopes of profit (MarketWatch)

Toyota halts plan to install U.S connected vehicle tech by 2021 (Automotive News)

Trump’s tariff threats on autos are stoking fears of a German recession (CNBC)

-Automotive Evolution News-

CarGurus: 32% of consumers are ‘excited’ about self-driving cars (VentureBeat)

Google Maps Taking Guesswork Out of EV Charging (The Detroit Bureau)

Jaguar Land Rover planning to allow helpful car drivers to earn cryptocurrency (Retuers)

Lyft and Uber lure people with low fares, but how long will cheap ride-sharing last? (MarketWatch)

Robots Against Drunk Driving: Can Technology Prevent Automobile Deaths? (Forbes)

Tesla’s Elon Musk Trashes Lidar For Self-Driving Cars, But Waymo Is Rolling Out A New One (Forbes)

Waymo To Convert Chrysler Minivans And Jaguar I-Paces In Detroit Plant (Forbes)

Why Making Money In Transportation Services Is So Elusive, And What's The True Value Of Disruption? (Forbes)

-Automotive Retail News-

Cars.com Survey: EV-Curious Shoppers Most Interested in Saving Green Over Saving Environment (Forbes)

April Won’t be Showered With Huge New Car Sales (The Detroit Bureau)

EchoPark achieves profitability, should break $1B in revenue for 2019 (Auto Remarketing)

Expectations for used-car & new-car sales this month (Auto Remarketing)

Helping dealer groups get trade-ins to the right location (Auto Remarketing)

J.D. Power Forecasts New-Vehicle Sales Decline in April (Vehicle Remarketing)

Never Mind: Top 10 New Cars Resold Within First Year (Auto Dealer Today)

Penske to add more used-only stores (Automotive News)

Top auto executives are privately very worried about the state of auto sales (CNBC)

TrueCar’s AIG forecasts new car auto sales down slightly yet industry stable reaching over 17m saar for second consecutive month in 2019 (Automotive World)

-Automotive Wholesale News-

Wholesale Values Rise for Fifth Consecutive Week (Vehicle Remarketing)

-Automotive Ownership News-

Why you might be safer in the front seat than the back seat in head-on crashes (USA Today)

-Automotive Servicing News-

1.6 million U.S. cars have rolled-back odometers, says Carfax rep (autoblog)

Government Expands Air Bag Investigation To Include More Than 12 Million Vehicles (NPR)

-General Business & Executive News-

More millennials are hitting the road in trailers, RVs (Detroit Free Press)

Sonic hosts its first women’s leadership symposium (Auto Remarketing)

TV Jockeys for Position in Digital-Marketing Age (Wards Auto)

Work Truck Solutions Releases 2018 Search Data (PR Newswire)

U.S. Economy Powers Ahead In First Quarter: 3.2% Growth (NPR)

-AEA Reminder-

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Have a great week,

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