Top Automotive Industry News for Week of August 17 - August 23, 2020

Here is the most important news associated with the automotive industry identified by the AEA for the week of August 17, 2020 - August 23, 2020.

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

-Automotive Manufacturing News-

China Tesla rival Nio is up 240% this year and the company is revamping plans to go global (CNBC)

Chinese EV maker Nio launches battery leasing service, eyes global market (Reuters)

Defying Trump, California locks in vehicle emission deals with major automakers (Reuters)

Detroit carmakers come up short in JD Power U.S. tech rankings (The Detroit News)

GM to launch 5G-connected vehicles in China starting in 2022 (CNBC)

Joe Biden labels auto industry 'iconic,' calls for 'empowered unions' (The Detroit News)

Tesla wants to add tech that can detect whether a child was left behind in a hot car (USA Today)

The Final Lap: Cars That Are Being Discontinued For 2021 (Forbes)

Wall Street pushes for GM to spin off its electric vehicle business (CNBC)

-Automotive Evolution News-

Amazon Ties to Auto Industry Grow Stronger (The Detroit Bureau)

Electric Truck Startup Xos Raises $20 Million To Scale Production (Forbes)

Electrify America Expands Charging Network (The Detroit Bureau)

Los Angeles EV Startup Canoo Rides SPAC Wave With Plan For Speedy Nasdaq Listing (Forbes)

The Continued Rise of Electric Vehicles (Auto Dealer Today)

Uber, Lyft Get Last-Minute Reprieve Ahead of California Shutdown (The Detroit Bureau)

Where Are We With Public Sentiment On Autonomous Vehicles? (Forbes)

-Automotive Retail News-

2 straight months of CPO gains; annual outlook at 2.5M sales (Auto Remarketing)

Automakers urge dealers to enforce strict coronavirus precautions (The Detroit News)

Refuel Agency now in mix to support TrueCar Military Program (Auto Remarketing)

Will the Reminisce Soon Be: ‘I Remember My First CUV? (Wards Auto)

-Automotive Wholesale News-

An in-depth update on auction sales volume (Auto Remarketing)

Wholesale values en route to 3rd straight record month (Auto Remarketing)

-Automotive Servicing News-

Car recalls for August 13-20 (USA Today)

GM Issues Corvette Recall as Some Hoods Fly Open on C8 (The Detroit Bureau)

-General Business & Executive News-

AutoNation to drop aftermarket collision parts business (Repairer Driven)

AutoWeb Reports Preliminary July 2020 Results (Newswire)

Car Owners Wave Off Gesture Controls, Smile For Cameras In J.D. Power Tech Study (Forbes)

CoPilot Unveils Assisted Commerce Platform; Hits $500 Million in Annualized Gross Merchandise Value Enabled Prior to Public Launch (Newswire)

Unemployment Claims Rise as Rollout of $300 Benefit Lags (New York Times)

-AEA Reminder-

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Have a great week,

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