Top Automotive Industry News for Week of April 29 - May 5, 2019

Here is the most important news associated with the automotive industry identified by the AEA for the week of April 29, 2019 - May 5, 2019.

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

-Automotive Manufacturing News-

CEO Mary Barra Says GM Will Have An EV Pickup (Forbes)

Fiat Chrysler completes $6.5B sale of Magneti Marelli, which has Michigan operations (Detroit Free Press)

Fiat Chrysler shares jump on mixed first-quarter earnings (CNBC)

Foreign automakers Mitsubishi, VW, Mercedes challenge Detroit in growing US pickup market (CNBC)

GM joins Tesla, Ford in building EV pickups — but Texas ranchers don’t want a ‘playboy’s truck’ (CNBC)

GM's truck sales finance push for self-driving cars; company shows $2.1 billion profit (Detroit Free Press)

Product Launches Hammer FCA’s Q1 Earnings (The Detroit Bureau)

Ram drives Fiat Chrysler's first-quarter profits, which drop 47% from a year ago (Detroit Free Press)

Smart Brand Discontinued in Canada, US after 2019 (

Tesla Is Selling Up To $2.7 Billion Of Stock And Debt, Because Elon Musk’s Big Plans Aren’t Cheap (Forbes)

Volkswagen is already creating buzz for it’s electric vehicle (AdAge)

-Automotive Evolution News-

Are 175 Million Americans Right About Driverless Cars? Remarkably, Yes (Forbes)

Elon Musk to investors: Self-driving will make Tesla a $500 billion company (CNBC)

Google, Samsung team up with Fiat to launch global connected vehicle 'ecosystem' (USA Today)

Regulation of AI needs to be Ambitious not Ambiguous (Forbes)

Toyota to invest $100 million in self-driving and robotic technology start-ups (CNBC)

Wireless Electric Vehicle Charging Puts An End To Range 'Arms Race' (Forbes)

-Automotive Retail News-

April U.S. Vehicle Sales As Cool As Unseasonable Spring Temperatures (Forbes)

Chrysler Leads U.S. Auto Sales Lower on Higher Financing Rates (Bloomberg)

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

Holman opens 'all-in-one' store that includes subscriptions, digital retail (Auto Remarketing)

Near-record inventories pinch dealers (Automotive News)

New car sales fall in April in the face of rising costs and interest rates (autoblog)

Public new-vehicle retailers boost F&I profit per vehicle (Automotive News)

Sales Down 2.3% in April, SAAR Falls Below 17 Million (Auto Dealer Today)

-Automotive Wholesale News-

Weekly Used Vehicle Values Showing Signs of Slowdown (Vehicle Remarketing)

-Automotive Ownership News-

Auto Insurers Hammering Distracted Driving Violators (The Detroit Bureau)

-Automotive Enthusiast News-

Petersen Museum Panel To Explore The Future Of the Automobile (Yahoo)

What famous car brands other than Plymouth and Pontiac have been killed off? (USA Today)

-Automotive Servicing News-

GM recalls Chevy Silverados, GMC Sierras for engine block heater cord fires (Detroit Free Press)

Here's What You'll Pay To Fix Your Car When The 'Check Engine' Light Comes On (Forbes)

New tool set to provide parts data on 1.4 billion vehicles (Auto Remarketing)

Rack 'Em Up, Driverless Cars Surprisingly Will Be A Boon For Auto Repair Market (Forbes)

-General Business & Executive News-

Audi of America president abruptly resigns after just six months on the job (Digital Trends)

CarGurus Boosts Its Digital Retail Offering with Capital One Auto Finance Partnership (PR Newswire) extends Tinder-like services to match salespeople, potential customers (Marketing Dive)

Ford partners with Amazon to allow package deliveries to owners' cars (Yahoo)

Tesla Sued By Family Of Silicon Valley Driver Killed In Model X Autopilot Crash (Forbes)

U.S. consumer spending roars back, but inflation tame (Reuters)

-AEA Reminder-

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Have a great week,

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