Top Automotive Industry News for Week of April 27 - May 3, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of April 27, 2020 - May 3, 2020.

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

-Automotive Manufacturing News-

Coronavirus and plant restarts: The automakers returning to work (CNet)

Coronavirus could help Tesla retain EV lead as traditional automakers pare electric investments (CNBC)

Feds clear General Motors in UAW union corruption probe (CNBC)

Ford, GM and FCA under gun to restart, rebound before cash dries up (Detroit Free Press)

Ford counts its cash amid pandemic after $70M exec pay exceeds company's profit in 2019 (USA Today)

Ford Delays Commercial Automated Vehicle Launch To 2022 (Forbes)

Ford plans health screenings, temperature checks to bring office workers back beginning in June (CNBC)

Ford projects adjusted pretax loss of $5 billion in the second quarter (CNBC)

Ford’s Lincoln And Rivian Cancel Electric SUV Plans, Citing COVID-19 Impact (Forbes)

Mercedes-Benz reopened an Alabama auto plant. Here’s how it happened (CNBC)

Other Automakers Paid Tesla a Record $354 Million Last Quarter (Car and Driver)

UAW president: 'It's risky' to send factory workers back to auto plants in early May (USA Today)

-Automotive Evolution News-

Flattening Traffic Crash Curve During Shelter-In-Place Saves California $40 Million Every Day (Forbes)

The Great Rideshare Crash: Uber, Lyft, and More Plan Layoffs as Drivers Flounder (Observer)

Uber plans to require its drivers and passengers in the US to wear face coverings (The Verge)

-Automotive Retail News-

ALG Forecasts Average New Vehicle Transaction Price Up 5.7% Year Over Year Fueled by 0% Interest Rates and Longer Loan Term Offers (Globe Newswire)

Auto Sales Crashed In April But There Are Reasons For Optimism, Experts Say (Forbes)

Buyers’ interest in owning cars rises after coronavirus, survey finds (Detroit Free Press)

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

CarGurus continues rate reductions for June (Auto Remarketing)

Cox Automotive: Auto Market Weekly Summary (Auto Dealer Today)

Early Sales Reports for April Confirm Predictions of Big Decline (The Detroit Bureau)

How is COVID-19 Impacting the Used Car Market? (CarStory)

J.D. Power COVID-19 Valuation Update (J.D. Power)

Positives Among Dreadful April Auto Sales (Forbes)

Sales May be Slumping, But Zero-Percent Deals are at All-Time High (The Detroit Bureau)

U.S. auto sales slump as industry endures second month of coronavirus shutdown (autoblog)

U.S. New Car Market Showing Signs of Recovery – But Faces a Long Slog, Big Losses for Automakers (The Detroit Bureau)

-Automotive Wholesale News-

Lane watch: Conversion rates finally moving higher in some spots (Auto Remarketing)

-General Business & Executive News-

Intel to buy smart urban transit startup Moovit for $1B (TechCrunch)

Nationwide’s Left the Building. Insurer Makes Remote Work Permanent in 5 States (Insurance Journal)

SiriusXM-Owned Connected-Vehicle Platform Automatic Labs to Shut Down (The Banks Report)

Social Distancing Impact on US Driving Behaviors and Traffic Volumes (Lexis Nexis)

The Coronavirus and the Coming Week of Bad News for the U.S. Economy (U.S. News & World Report)

-AEA Reminder-

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Have a great week,

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