Top Automotive Industry News for Week of April 9 - April 15, 2018

Here is the most important news associated with the automotive industry identified by the AEA for the week April 8, 2018 - April 15, 2018.

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

-Automotive Manufacturing News-

Audi brand to be excluded from VW sportscar brand overhaul: source (Reuters)

China’s president promises to cut auto import tariff (The Detroit News)

Despite Problems, Musk Promises Tesla Profit in Second Half of 2018 (The Detroit Bureau)

Elon Musk calls out Goldman Sachs after negative report on Tesla: 'Place your bets' (CNBC)

General Motors to cut a shift at Chevy Cruze plant in Lordstown, Ohio, report says (USA Today)

GM Maven Drivers to Get Private Charging Network for Bolt EVs (Car and Driver)

GM sticks to April 20 deadline for Korea restructuring, unit logs $1 billion loss (Reuters)

Goldman Sachs cuts Tesla price target, predicts Model 3 disappointments and capital raise (CNBC)

Is Tesla Struggling with Low Model 3 Take Rates? (Car and Driver)

Jaguar Land Rover to cut output and jobs due to Brexit, diesel slump: source (Reuters)

Marchionne: Don't expect next Fiat Chrysler CEO to be named until 2019 (Detroit Free Press)

Takata bought by Key Safety Systems in $1.6 billion deal: reports (MarketWatch)

Tesla withdraws formal cooperation with probe of fatal crash, will still assist investigators (MarketWatch)

The Tesla Way: When Your Product Fails, Blame The Customer? (Forbes)

Trump Drags Heels as NAFTA Negotiators Push Forward (The Detroit Bureau)

Volkswagen names new CEO: Herbert Diess replaces Matthias Mueller (USA Today)

Volkswagen’s New C.E.O. Is an Outsider. That’s an Asset, and a Liability. (The New York Times)

Volvo Hitting Sweden’s Streets With New EV Truck (The Detroit Bureau)

VW Makes It Official: Herbert Diess Takes Over as CEO (Fortune)

VW’s new chief wants the automaker to be fit and ready for the tech revolution (CNBC)

What In The World Is Tesla Doing? Bizarre Manufacturing Processes Produce Massive Cash Burn (Forbes)

What makes Rolls-Royce Phantom worth $643,000? (The Detroit News)

Why Ford isn't giving up on India, home of EcoSport SUV (USA Today)

-Automotive Evolution News-

Auto industry lawyers warn automated driving hype will be a legal matter (Automotive News)

Auto origination balance and number of accounts fall in 2017 (Automotive News)

Driverless vehicles prepare for prime time (The Detroit News)

Family of Tesla crash driver hires law firm, questions autopilot (CNBC)

How Autonomous Vehicles Might Reshape Our Cities (Forbes)

LIDAR maker Luminar is scaling up and slashing costs in effort to dominate self-driving cars (The Verge)

Mercedes partners with dealers for subscription pilot in Nashville, Philadelphia (Automotive News)

Tesla emails show automaker offered cash to quiet discrimination suit - UPDATE (autoblog)

Uber CEO Says Autonomous Testing Done Until NTSB Investigation Complete (The Detroit Bureau)

Waymo reportedly applies to put autonomous cars on California roads with no safety drivers (TechCrunch)

-Automotive Retail News-

'Non-traditional' channels, off-lease utilities to see growth in 2018 (Auto Remarketing)

Autotrader highlights April's top CPO deals (Auto Remarketing)

Honda Cuts Leasing Costs on New Accord Amid Slow Sales (Car and Driver)

Why Bob Lutz still thinks dealerships are doomed (Automotive News)

-Automotive Wholesale News-

'Non-traditional' channels, off-lease utilities to see growth in 2018 (Auto Remarketing)

NIADA finalizes partnerships with AFC, TradeRev (Auto Remarketing)

Wholesale Car Values Rise for Third Consecutive Week (Vehicle Remarketing)

-Automotive Ownership News-

Gas Station Credit Cards: Not the Deal They Appear to Be (The Detroit Bureau)

Pay Attention: Distracted Driving Could Boost Your Insurance Rates By As Much As 41% (Forbes)

-Automotive Enthusiast News-

Concept cars just keep getting crazier (USA Today)

Hagerty Announces Annual 'Hot List' of Future Collector Cars for Model Year 2018 (PR Newswire)

-General Business & Executive News-

Alibaba-Backed Carmaker Aims to Raise More Than $1.6 Billion (Bloomberg)

Americans are spending again after lying low for a few months (MarketWatch)

AutoWeb Appoints Industry Veteran Jared Rowe to President and Chief Executive Officer (Globe Newswire)

GM exec: Detroit area’s ‘talent deficit’ cost it Amazon (The Detroit News)

Icahn to sell Federal-Mogul to Tenneco for $5.4 billion (Reuters)

Wells Fargo faces potential record fine over auto, mortgage abuses (CNBC)

Uber's Dara Khosrowshahi: We're adding rental cars, mass transit, bike sharing (USA Today)

-AEA Reminder-

Did we miss something? Let us know via our Contact Us Page >> . If you have specific important news going public soon that you would like to share with your fellow AEA Members, submit your PR Distribution Request >>

Have a great week,

Member Services

memberservices@automotiveexecutives.com

Automotive Executives Association

www.automotiveexecutives.com