Top Automotive Industry News for Week of April 5 - April 11, 2021

Here is the most important news associated with the automotive industry identified by the AEA for the week of April 5, 2021 – April 11, 2021.

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

-Automotive Executives Association (AEA) News-

The AEA is excited to open our unique Weekly Top News email newsletter to the entire automotive industry. The weekly AEA Top News is delivered directly to your email inbox every Monday morning, for free. Click here (or share with your industry colleagues/contacts) to sign up: Sign Up For the AEA Weekly Top News >>

-Automotive Manufacturing News-

GM and Ford cutting production at several North American plants due to chip shortage (CNBC)

GM shares hit new record on plans for electric Chevy Silverado pickup (CNBC)

Honda Looking to Get a Little More Rugged with Trailsport Moniker? (Detroit Bureau)

Honda shows how its future 5G-connected vehicles could save lives, reduce crashes (autoblog)

Polestar Announces Project 0 to Build a Carbon-Neutral Car by 2030 (Car and Driver)

Toyota Launches Semi-Autonomous Cars in Japan, Coming to the US This Fall (AutoWeek)

White House convening summit with top car execs on chip shortage (autoblog)

-Automotive Retail News-

Americans keep stretching auto loans to make car payments affordable (CNet)

autoniq Retail Index provides refined, relevant data for dealers (Auto Remarketing)

Florida car dealer adds Ford's Garage restaurant — and others want one too (Detroit Free Press)

Hot Auto Market Sends Wholesale Vehicle Prices Soaring to Record High (Cox Auto)

Hummer EVs to influence GMC's future buying process (Detroit Free Press)

Inventory Shortages Keep Used-Vehicle Prices High (WardsAuto)

NADA Shares a Positive Outlook for 2021 Automobile Sales (Auto Dealer Today)

Potentially lower income a top vehicle purchase deterrent (Auto Remarketing)

Report: 100 Ford Dealers Will Build Separate Bronco Showrooms (Car and Driver)

Rolls-Royce hits new sales record in the first quarter as the wealthy demand luxury cars (CNBC)

Weekly Market Insights (Black Book)

-Automotive Servicing News-

All-electric 2021 Ford Mustang Mach-E goes to sleep and won't wake up, Ford confirms (Detroit Free Press)

‘Service Is Where the Money Is’ at Car Dealerships (Wards Auto)

-General Business & Executive News-

Auto insurance statistics and facts 2021 (Bankrate)

Biden wants funds to electrify federal vehicle fleet in next budget (Detroit Free Press)

Car Capital Announces $8.8 Million Series A Funding Round and Launches Operations (PR Newswire)

Here’s Why the Rental Car Shortage Isn’t Going Away Anytime Soon (Car and Driver)

Sean “Diddy” Combs Takes Aim at GM Over Black Media, Warns of Possible Boycott (Detroit Bureau)

The economy is on the cusp of a major boom and economists believe it could last (CNBC)

-AEA Reminder-

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Have a great week,

Automotive Executives Association

Automotive Executives Association