Top Automotive Industry News for Week of August 10 - August 16, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of August 10, 2020 - August 16, 2020.

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

-Automotive Manufacturing News-

BMW 50% Electrification Target For 2030 Is Ambitious, But Is It Achievable? (Forbes)

Chinese Tesla rival Xpeng Motors files for New York IPO (CNBC)

Daimler Settles Diesel Emission Charges In U.S. For $1.5 Billion (Forbes)

Departure of GM CFO Dhivya Suryadevara highlights ongoing ‘brain drain’ problem for auto industry (CNBC)

Ferrari Shrugs Off Coronavirus; Electric Cars, SUVs Could Transform Its Future (Forbes)

Hyperion says it’s developed a hydrogen-powered supercar, now it needs money (The Detroit News)

Hyundai-Aptiv venture for autonomous vehicles plans hiring spree (The Detroit News)

Hyundai is spinning Ioniq off into its own subbrand (Cnet)

Jeep Teasing Wagoneer, Grand Wagoneer Return (The Detroit Bureau)

Lucid challenges Tesla with a luxury EV sedan that has a record 517 miles of range per charge (CNBC)

Nikola shares surge 22% on garbage truck order for Republic Services (CNBC)

Tesla Plans Five-For-One Split For Its Overheated Shares (Forbes)

-Automotive Evolution News-

AAA Study Finds Near-Autonomous Driver-Assist Systems Remain Flawed (Forbes)

California startup aims to tackle battery degradation in electric cars (Reuters)

Lyft reports dramatic revenue drop of 61% but points to uptick in rides in July (CNBC)

Michigan Envisions Autonomous-Car Lane from Detroit to Ann Arbor (Car and Driver)

Pandemic Will Move Autonomous Vehicle Development Forward, J.D. Power Says (Forbes)

Uber, Lyft Lose in Court in California Again (The Detroit Bureau)

-Automotive Retail News-

CarGurus expands consumer credit platform with RouteOne integration (NewsUS)

Carvana opens newest car vending machine in Kentucky (Auto Remarketing)

Ecommerce will be key driver in EchoPark expansion (Auto Remarketing)

Urban Science sees stability in franchised dealership count despite COVID-19 challenges (Automotive Remarketing)

Vroom seeing more used-car demand 'than we can currently fulfill': CEO (Reuters)

-Automotive Wholesale News-

Wholesale price impact from Hertz de-fleeting not as bad as you might think (Auto Remarketing)

-Automotive Servicing News-

Car recalls for August 6-13 (USA Today)

Ford recalls include some F-150s because of fire risk (USA Today)

-General Business & Executive News-

CCC-VW partnership, LexisNexis offer immediate insurance quotes based on past driving (Repairer Driven)

DealerPolicy's New FastPass™ Solution Delivers Multiple Real-Time Auto Insurance Quotes to Car Buyers for Instant Access to Potential Savings (PR Newswire)

Diverse Heroes Emerge In The Automotive Industry (Forbes)

GM facility to continue building ventilators after completing $489.4 million government contract (CNBC)

Kamala Harris And The Auto Industry: Where A Vice President Might Steer Things (Forbes)

RAVIN.AI lands Fraser McCombs-led investment, announces GM for Americas (Auto Remarketing)

-AEA Reminder-

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Have a great week,

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